Iran-China

The total value of bilateral trade between Iran and China during the first eight months of the current year rose to more than $24 billion, showing a 24 percent increase.

IMNA reports that the value of trade transactions between Iran and China from January to August 2017 reached $24.17 billion, showing a 24 percent increase, compared to the same period last year, the latest data released by China’s customs office showed.

The bilateral trade between the two countries in the first eight months of 2016 had stood at $19.5 billion, according to the data.

The value of Chinese imports from the Islamic Republic increased by 30 percent in the same period this year, reaching $12.13 billion. Crude oil is still a major import for China from Iran.

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