January-May Trade With China Declines 14% to $5.4 Billion

Iran’s commercial exchanges with its leading trading partner, China, stood at $5.49 billion in the first five months of 2021, to register a 14% decline compared with the corresponding period of 2020, the lowest in the past five years. 
As per the data provided by the General Administration of Customs of the People’s Republic of China show, Iran’s exports to China totaled $2.52 billion, indicating a 7% decrease year-on-year.
In return, China exported $2.95 billion worth of commodities to Iran, indicating a 19.1% YOY decrease. 
The decline in Iran-China trade is mainly due to the outbreak of the new coronavirus, but the two sides are taking measures to boost trade turnover back to its pre-coronavirus levels.