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Iran exports increase by 30% in May

Iran exports increase by 30% in May
ID : N-1773 Date : 2018/05/15 - 11:17

(Persia Digest) – The volume of exports from Iran increased by 30 percent in May as compared to a similar period last year, according to Iran’s Ministry of Economic Affairs and Finance

Massoud Karbasian also commented on the US withdrawal from the JCPOA: “The government had already taken the necessary measures. With the cooperation between the cabinet and the parliament, import-exports have been streamlined.”

Iran-China trade USD 10BN in three months

It has also been reported that trade between Iran and China over the first three months of the current year has increased by 11 percent as compared to a similar period last year to reach USD 10BN.

Chinese customs have also released their statistics, indicating that trade between Iran and China announced at over USD 8.99BN between January and March 2017, now stands at USD 9.98BN from January to April 2018.

Chinese exports to Iran between January and March 2018 increased by 4.5 percent as compared to a similar period last year, to reach USD 4.32BN. Between January and March 2017, China exported USD 4.15 BN worth of goods to Iran.

The value of Chinese imports from Iran also increased, partly due to increased oil prices. Between January and March 2017 China imported USD 4.84BN worth of goods from Iran. This figure increased by 16.6 percent between January and March 2018 to reach USD 5.66BN. Oil is China’s main import from Iran.

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