Iran-china trade up 24%
The country’s exports to Iran this year reached $12.04 billion against imports at $12.13 billion indicating a growth of 18.1 percent and 30 percent, respectively.
According to earlier figures, trade between the two countries had increased by 31 percent during the first half of 2017 to reach $31 billion. The figure for the same period last year was $13.7 billion, the media reported quoting China’s customs department.
Crude oil constituted the bulk of Iran’s exports to China. Based on the latest market figures, the Islamic Republic is exporting as much as 600,000 barrels per day of crude oil to China.
China is Iran’s biggest trade partner exporting a wide range of consumer goods to the country.
Trade with EU
Meanwhile, European Union’s statistics agency Eurostat announced that trade exchange between Iran and Europe increased 75 percent in the first eight month of 2017 from the same period last year.
Iran-europe trade stood at €13.6 billion in the first eight months of this year, while the figure was €7.5 billion from January to August 2016, the same report confirmed.
The upward trend of Europe’s imports of Iranian crude oil, following the implementation of nuclear deal with P5+1, has played an important role in pushing the figure up, the report added.
Europeans imported €6.5 billion of goods from Iran in the first eight months of 2017, showing 144 percent growth from €2.66 billion in the same period in 2016.
Europe exported goods worth €6.66 billion Iran in the first eight months of 2017 recording a 37-percent rise, whereas the figure for the same period last year stood at €4.84 billion.