H1 Transactions With China Decline 42% to $7.2 Billion

Iran’s commercial exchanges with its biggest trading partner, China, reached $7.23 billion during the first half of 2020 to register a 42% 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 $3.13 billion during the period under review, indicating a 61.6% year-on-year decline.
In return, China exported $4.25 billion worth of commodities to Iran to register a 6.5% YOY decrease.
Bilateral trade in June stood at $979.91 million. Iran’s exports to China accounted for $415.65 of the sum while imports stood at $564.27 million.