TEHRAN: The value of Iran’s exports to China as its top trading partner witnessed a 25.2 percent rise compared to 2016, a senior trade official announced. “Iran’s major commodities exported to China last year included crude oil, polyethylene, methanol, sulfur, styrene, iron ore, copper ore, purified copper, chromite, lead ore, zinc ore, marble and travertine,” Hossein Roustayee, an official with the Trade Promotion Organization of Iran said. He noted that the value of trade balance between Iran and China hit $18.58 billion in 2017.
China is Iran’s biggest trade partner. The latest Islamic Republic of Iran Customs Administration’s statistics show China exported 3.8 million tons of commodities to Iran worth $10.22 billion in the first 10 months of the current fiscal year (March 21, 2017-January 20, 2018). Imports from China saw a rise of more than 5% in weight and 21% in value in the 10-month period.
Hyderabad Customs ramps up anti-smuggling drive, confiscates goods worth over Rs77m
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