{"id":4731,"date":"2023-03-26T10:44:50","date_gmt":"2023-03-26T06:14:50","guid":{"rendered":"https:\/\/iccci.ir\/en\/?p=4731"},"modified":"2023-03-26T10:44:52","modified_gmt":"2023-03-26T06:14:52","slug":"iran-china-2-month-trade-stands-at-over-2b","status":"publish","type":"post","link":"https:\/\/iccci.ir\/en\/iran-china-2-month-trade-stands-at-over-2b\/","title":{"rendered":"Iran-China 2-month trade stands at over $2b<\/strong>"},"content":{"rendered":"\n

TEHRAN \u2013 The value of trade between Iran and China stood at $2.098 billion in the first two months of 2023, according to the data released by China\u2019s customs administration.<\/p>\n\n\n\n

Based on the released data, the two-month trade between the two countries fell 17 percent as the figure was $2.536 billion in the first two months of 2022, IRNA reported.<\/p>\n\n\n\n

According to the data previously released by China\u2019s customs administration, the value of trade between Iran and China increased by seven percent in 2022 compared to the previous year.<\/p>\n\n\n\n

Based on China\u2019s customs data, the Islamic Republic and China traded $15.795 billion worth of commodities in 2022, $1.035 billion more than the figure for 2021, IRNA reported.<\/p>\n\n\n\n

As reported, China’s exports to Iran grew by 14 percent in the period under review compared to the preceding year to reach $9.44 billion. The Asian country exported $8.258 billion worth of goods to Iran in 2021.<\/p>\n\n\n\n

The value of Iran\u2019s non-oil exports to China, however, registered a two-percent decrease in 2022, reaching $6.355 billion. Iran exported $6.502 billion worth of goods to China in 2021.<\/p>\n\n\n\n

Iran’s share of China’s total global trade last year was only 0.25 percent. China\u2019s trade with the world reached $6.308 trillion in 2022, of which $3.593 trillion was the share of the country’s exports and $2.715 trillion was related to imports. China’s global trade grew by 4.4 percent last year.<\/p>\n\n\n\n

Iran-China non-oil trade stood at $14.8 billion in 2021, according to China\u2019s customs administration.<\/p>\n\n\n\n

The value of trade between the two countries during 2021 declined by less than one percent in comparison to 2020 in which the figure was reported to be $14.9 billion.<\/p>\n\n\n\n

China is one of Iran\u2019s main trade partners that has maintained strong trade ties with the Islamic Republic despite the strict U.S. sanctions.<\/p>\n\n\n\n

Iran and China officially signed the document for 25-year comprehensive cooperation in March 2021.<\/p>\n\n\n\n

The document was signed between Iran\u2019s former Foreign Minister Mohammad Javad Zarif and Chinese Foreign Minister Wang Yi at the Iranian Foreign Ministry.<\/p>\n\n\n\n

Back in December 2022, Iran and China finalized 16 memorandums of understanding (MOU) under the framework of the two countries\u2019 strategic 25-year agreement.<\/p>\n\n\n\n

The MOUs were signed in an Iran-China comprehensive cooperation program summit which was held in Tehran on December 13 in the presence of Iran\u2019s First Vice President Mohammad Mokhber and China\u2019s Vice Premier Hu Chunhua.<\/p>\n\n\n\n

The summit was focused on four areas explored by four committees between the two countries with the aim of paving the way for the implementation of the 25-year agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"

TEHRAN \u2013 The value of trade between Iran and China stood at $2.098 billion in the first two months of 2023, according to the data released by China\u2019s customs administration. 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