INSUBCONTINENT EXCLUSIVE:
TEHRAN- Iran exported non-oil commodities valued at $3.5 billion to China during the first three months of the current Iranian calendar year
(March 21-June 21), the Islamic Republic of Iran Customs Administration (IRICA) announced.As reported, China was the top export destination
of Iranian non-oil goods in the mentioned three-month period.The IRICA also announced that exporting non-oil goods worth $4 billion to Iran,
administration, the value of Iran's economic exchanges with its leading trade partner, China, reached $6.5 billion during the first sixth
months of 2023.Based on the released data, the six-month trade between the two countries has not changed significantly in comparison to the
figure for the same period in the previous year.The value of exchanges between the two countries was reported to be $6.470 billion in
indicating a 68 percent year-on-year decrease.In return, China exported $4.6 billion worth of goods to Iran, registering a 40 percent rise
imports at $893 million which shows a 46 percent decrease in export and a 20 percent increase in imports compared to the corresponding
$15.795 billion worth of commodities in 2022, $1.035 billion more than the figure for 2021.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
two-percent decrease in 2022, reaching $6.355 billion
Iran exported $6.502 billion worth of goods to China in 2021.Iran's share of China's total global trade last year was only 0.25 percent
trillion was related to imports
Islamic Republic despite the strict U.S
sanctions.Iran and China officially signed the document for 25-year comprehensive cooperation in March 2021.The document was signed between
agreement.The MOUs were signed in an Iran-China comprehensive cooperation program summit which was held in Tehran on December 13 in the
by four committees between the two countries with the aim of paving the way for the implementation of the 25-year agreement.Back in early
April, the Chinese ambassador to Tehran said this year is a good year for Iran-China relations.Chang Hua made the remarks in a meeting with
the members of the Iran-China Joint Chamber of Commerce and a number of Iranian traders and businessmen, who conduct trade with China, held
at the place of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) in Tehran.Referring to China's growing economy,
the envoy said this year is a good year for Iran-China relations, adding that during the meeting between the leaders of the two countries,
important agreements were made, including the implementation of the 25-year cooperation agreement between the two countries, and a number of
bilateral cooperation documents were signed in the fields of agriculture, tourism, culture, relief, and rescue, etc.Majid-Reza Hariri, the
head of the Iran-China Joint Chamber, also emphasized the desire of Iran's private sector to develop business relations with China and said
there are obstacles in this direction
Among other things, issuing visas for Iranian businessmen, especially for their presence at trade fairs in China, is associated with
problems, and facilitating it will definitely help the development of relations between the two sides.MAHighlight: Value of trade between
Iran and China increased by seven percent in 2022.
