Iran-China trade hits $51.8b in 2014

Flags of Iran and China

Flags of Iran and China

Tehran, Feb 29, IRNA — Trade between Iran and China amounted to $51.85 billion in 2014, a 72 percent rise from $39.54 billion in 2013, according to the Chinese General Administration of Customs.

Iran exported $27.49 billion worth of products to China and imported $24.36 billion worth of goods from the country in 2014.

China was the leading importer of Iranian non-oil goods in the previous Iranian calendar year, which ended on March 20, 2014, according to the Iran Customs Administration.

Iran exported $7.43 billion of non-oil goods to China and imported $9.66 billion of non-oil goods from the country.

In June 2014, Trade Promotion Organization of Iran Director Valiollah Afkhami-Rad said Iran’s annual non-oil exports were projected to rise by 50 percent and hit $47 billion in the current Iranian calendar year.