The administration announced that Iran-China trade exchanges stood at $4.045 billion in the January-March period, up from $3.855 billion in 2022.
China imported $1.135 billion worth of goods from Iran during the mentioned period, which is down by 41 percent from $1.929 billion a year earlier. The decline is blamed on a 20-percent drop in oil prices.
Meanwhile, the country’s exports to Iran grew 51 percent in the first quarter of 2023, as it exported $2.910 billion worth of goods to the Islamic Republic.
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