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Economy
2022-July-27  13:38

Iran Ups Exports to China by 31 Percent in 6 Months

TEHRAN (FNA)- Iran increased its exports to China by 31 percent in the first half of 2022 and the total value of trade exchanges exceeded $8 billion during the same period.

"Trade exchanges between China and Iran increased by 23 percent in comparison with the figures in the same period last year, reaching $8.263 billion," the most recent statistics published by the General Administration of the Customs of the People’s Republic of China indicated.

China’s imports from Iran in the first six months of the current year increased significantly, reaching 4.081 billion dollars, showing a 31 percent hike.

China’s export to Iran witnessed a 16 percent increase from January to June, reaching 4.182 billion dollars.

The value of trade exchanges between the two countries of Iran and China from January to May 2021 stood at over $5.481 billion.

During the same period, China exported $3.280 billion worth of products to Iran, showing an 11 percent growth while it exported $2.946 billion worth of products to Iran from January 22 to May 21, 2021.

In a relevant development in August, Iranian President Seyed Ebrahim Rayeesi in a telephone conversation with his Chinese counterpart Xi Jinping underlined that his government will give priority to the expansion of relations with China in different areas.

“Enhancement of the level of cooperation and expansion of relations with China is a priority for the Iranian government in the area of foreign policy,” Rayeesi said.

The Iranian president reiterated tha the complete implementation of the 25-year comprehensive strategic partnership agreement that was signed by Iran and China back in March “should be on the agenda of all of the countries’ [various] apparatuses".

President Rayeesi also thanked China for backing Iran’s membership in the Shanghai Cooperation Organization (SCO).

He urged Beijing to expedite delivery of millions of doses of COVID-19 vaccines that Iran had bought from China in order to be able to fight the pandemic.

President Rayeesi said that the Islamic Republic of Iran is prepared to cooperate with China on the issue of establishment of security, stability, and calm in Afghanistan.

"The US' withdrawal from Afghanistan showed that it was Afghans, who had to join their efforts towards guaranteeing the country’s security and development," he added. 

The Chinese president, for his part, said that the countries’ relations had seen various international developments over the past half a century.

"The ties began fairing even remarkably better after the conclusion of the comprehensive Sino-Iranian cooperation deal," he added.

The Chinese president said that China would spend maximum effort to help Iran receive the vaccines.

He thanked Iran over its support for China’s “fundamental interests", and said his country’s support for Iran’s membership of the SCO was in line with the organization's “long-term interests".

Xi also referred to the US’s unilateral withdrawal from the nuclear accord as the source of the problems that currently surrounds the deal, and said China "backs Iran’s logical demands".