Iran's Trade With China Hit $8.6b in Seven Months, Down 40% YOY

Iran’s commercial exchanges with its biggest trading partner, China, hit $8.66 billion from January to July to register a 40.9% 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 $3.54 billion during the period under review, indicating a 61.5% year-on-year drop.
In return, China exported $5.13 billion worth of commodities to Iran to register a 6.3% YOY decrease.
Bilateral trade in June stood at $1.28 billion. Iran’s exports to China accounted for $403.51 million of the sum while imports stood at $876.13 million.