Iran-China Q1-3 Trade Drops 38% YOY to Over $11 Billion

Iran’s commercial exchanges with its top trading partner China stood at $11.18 billion during the first nine months of 2020 to register a 38.5% decline compared with the corresponding period of 2019.
As data provided by the China’s Customs General Administration show, Iran’s exports to China totaled $4.56 billion, indicating a 58.3% year-on-year decrease.
In return, China exported $6.62 billion worth of commodities to Iran during the first three quarters of 2020, indicating an 8.3% decrease compared with the same period of last year. 
Trade between the two countries stood at $1.375 billion in September 2020, marking a 17.44 fall compared with the same period of 2019. Iran’s exports to China amounted to $666.03 million, down 20%, whereas imports totaled $709.735 million, indicating a 13.81% decline year-on-year. 
Figures about the two countries' Q3 commercial exchange also indicate a 30% decline in the total value of bilateral trade, from $5.49 billion in 2019 to $3.8 billion in the third quarter of 2020.