China / Iran

Overview In May 2024, China exported $595M and imported $246M from Iran, resulting in a positive trade balance of $349M. Between May 2023 and May 2024 the exports of China have decreased by $-299M (-33.4%) from $894M to $595M, while imports decreased by $-132M (-34.9%) from $377M to $246M.

Trade In May 2024, the top exports of China to Iran were Motor vehicles; parts and accessories (8701... ($114M), Vehicle Bodies (including cabs) for the... ($63.2M), Engine Parts ($17.7M), Light Fixtures ($15.9M), and Spark-Ignition Engines ($15.8M). In May 2024 the top imports of China from Iran were Ethylene Polymers ($123M), Iron Ore ($51.5M), Acyclic Alcohols ($34M), Refined Copper ($32.5M), and Raw Aluminium ($26.2M).

Origins In May 2024 the exports of China were mainly from Zhejiang Province ($203M), Guangdong Province ($95.9M), Anhui Province ($66.8M), Shanghai Province ($48.2M), and Jiangsu Province ($42.5M), while imports destinations were mainly Zhejiang Province ($80.5M), Shanghai Province ($32.9M), Beijing ($32.9M), Jiangsu Province ($27.6M), and Tianjin ($16.9M).

Growth In May 2024, the decrease in China's year-by-year exports to Iran was explained primarily by an decrease in product exports in Transmissions ($-18M or -76.3%), Other Plastic Products ($-16.5M or -57.9%), and Electric Motors ($-6.68M or -40.1%). In May 2024, the decrease in China's year-by-year imports  from Iran was explained primarily by an decrease in product imports  in Acyclic Alcohols ($-93.5M or -73.3%), Ethylene Polymers ($-74M or -37.5%), and Other Nuts ($-30.6M or -88.7%).