According to the data, the two country’s total trade turnover also fell 32 percent in the mentioned timespan.
Iran-China trade turnover stood at $13 billion in the January-April 2018 while the figure fell to $8.8 billion in 2019.
China’s exports to Iran in January-April 2019 fell 49 percent year-on-year to $2.8 billion. In January-April 2018, China exported $5.6 billion worth of goods to Iran.
The value of Chinese imports from Iran has also fallen. China shipped 7.4 billion dollars in goods from Iran in January-April 2018, down 20% to $6 billion in January-April this year. Oil is the main import of China from Iran.
In January, the trade between Iran and China stood at $1.734 billion, registering 54.8 percent decrease in comparison with the same month in the preceding year i.e. $3.83 billion.
China’s exports to Iran in January stood at $722 million showing a 58.3 percent drop from its previous $1.73 billion in the same period in 2018, the report added.
China’s imports from Iran also witnessed a sharp drop of 51.9 percent from its previous $2.1 billion in January 2018 to $1.012 billion in the first month of 2019.
China, Iraq, the United Arab Emirates, Afghanistan, and India are among the top destinations for Iranian goods in Asia.
