According to the data released by the Islamic Republic of Iran Customs Administration (|IRICA), the value of Iran’s cast iron, iron and steel exports to China during the nine-month period reached $773 million.

The mentioned goods had a 15% share in the country’s total exports to China.

Data reviewed by the Tehran Chamber of Commerce, Industries, Mines and Agriculture show that the export of copper and its products during the nine calendar months reached $372 million, accounting for 7% of Iran’s total exports to China.

According to the Tehran Chamber, the exports of minerals, including salt, sulfur, soil and stone, gypsum, lime, and cement to China passed $79 million during the nine months to December 21, 2020.

Tehran-Beijing trade exchanges in the period passed $13.4 billion, indicating a decrease of 15% compared to the same period last year.

However, China remained Iran’s top trade partner during the period. Accordingly, Iran’s exports to China reached 20.6 million tons worth $6.4, while the imports from the East Asian country reached 2.6 million tons worth $7 billion.

Iran’s total non-oil foreign trade stood at 110 million tons worth $52 billion during the nine months ending Dec. 20.

Last year, the World Steel Association (WSA) has announced that Iran’s crude steel production increased by 30 percent in 2019 while the average global growth in this sector stood at 3.5 percent.

Based on the WSA report, Iran produced 31.9 million tons of the mentioned commodity during 2019 compared to the last year’s nearly 24 million tons.

The post Iran’s steel, mineral exports to China top $1.2bn in 9 months appeared first on Iran News Daily.

As IMIDRO announced, the weight of minerals exported in the said time fell three percent to 58.099 million tons, IRIB news reported on Sunday.

Iran is one of the top 10 mineral-rich countries where 68 types of minerals have been identified so far, including the world’s largest deposits of copper, zinc and iron ore, which are tempting international investors after the lifting of West-led sanctions against the country in January 2016.

The post Iran’s mineral exports up 6% in 11 months yr/yr appeared first on Iran News Daily.