Transactions With China Reach $14.9b in 2020, Down 35% YOY

Iran’s commercial exchanges with top trading partner, China, stood at $14.91 billion in 2020 to register a 35.3% decline compared with the year before. 
As per data provided by the General Administration of Customs of the People’s Republic of China, Iran’s exports to China totaled $6.4 billion, indicating a 52.4% year-on-year decrease.
In return, China exported $8.51 billion worth of commodities to Iran in 2020, indicating an 11.3% decline compared with the same period of last year. 
Trade between the two countries stood at $1.39 billion in December 2020, down from $1.7 billion in December 2019.
Iran’s exports to China amounted to $733.3 million during the month, while imports from China hit $657.2 million.