Iran’s commercial exchanges with its biggest trading partner China stood at $6.4 billion during the first five months of 2020 to register a 41.3% decline compared with the corresponding period of 2019.
According to data provided by the General Administration of Customs of the People’s Republic of China, Iran’s exports to China stood at $2.76 billion for the period under review, indicating a 62.2% year-on-year decline.
In return, China exported $3.69 billion worth of commodities to Iran during the same period to register a 1.2% YOY decrease.
Bilateral trade in May stood at $1.13 billion. Iran’s exports to China accounted for $370,744 of the figure while imports stood at $761.263.
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