From bilateral trade to finance contracts and civil projects, China arguably has the strongest presence in Iran among all other countries. The Islamic Republic of Iran Customs Administration's monthly data, reviewed by Financial Tribune, shows non-oil trade between Iran and China amounted to $19.7 billion during the 11 months to Feb. 19, marking a $3 billion (18%) growth compared with last year’s $16.8 billion.
Iran exported $8.2 billion worth of non-oil goods commodities to China during the 11-month period. Non-oil exports to China amounted to $7.3 billion during the corresponding period of last year. Imports from the East Asian country grew by $2.1 billion (22.5%) to reach $11.5 billion.