TEHRAN: Iran’s traditional trade partner from the sanctions period, maintained its position as the Islamic Republic’s top trade partner in the first 11 months of the last fiscal year(March 20, 2017-Feb. 20, 2018).
Over 19.7 percent of Iran’s non-oil exports went to China in the 11-month period. During the period, Iran exported $8.229 billion worth of goods to China, 11 percent more, compared to the same period of the preceding year.
Over 66 percent of Iran’s export was targeted to five Asian countries, including China, the UAE, Iraq, Turkey and South Korea during the first 11 months of the current fiscal year.
Iran exported $5.862 billion worth of goods to the UAE, which marked 14.1 percent of Iran’s total exports’ value. Meanwhile, Iran’s exports to the UAE registered a fall by 14 percent year-on-year..
The country’s exports to the UAE, Japan and Oman registered fall of 14, 60 and 10 percent. Iran’s exports to India, Vietnam, Taiwan and Turkmenistan also witnessed a fall by 1, 12, 14 and 20 percent, respectively in terms of value, year on year.