Iran and China exchanged $8.540 billion worth of products from January to July 2023, showing an 11 percent decline compared to the figure for the same period last year, China’s Customs Office reported.
Iran and China exchanged over $9.6 billion worth of products from January to July 2022, the report added.
In the first seven months of 2023, China imported $2.540 billion worth of products from Iran, registering a 43 percent drop compared to last year’s corresponding period.
But China’s export of products to Iran in the first seven months of the current year reached $6 billion, showing a 17 percent growth compared to the same period last year.
China had exported $5.130 billion worth of products to Iran from January to July 2022.
According to this report, the trade balance of the two countries in this period reached $3.460 billion in favor of China.