Iranian trade with China on the rise

AL-MONITOR Staff

Jul 28, 2022

Conservative and reformist newspapers in Tehran on Sept. 18, 2021. — Conservative and Reformist newspapers in Tehran on Sept. 18, 2021, showed rare unity in welcoming the results of a conference in Dushanbe, Tajikistan, where members of the Shanghai Cooperation Organization endorsed Iran's future membership in the bloc while Iran hailed its acceptance into a China and Russia-led bloc, an eastward turn it sees as opening access to major world markets and a counter to crippling Western sanctions. — ATTA KENARE/AFP via Getty Images

Iranian state media today reported a significant increase in the Islamic Republic’s trade with China.

Iranian exports to China rose 31% from January to June of 2022, reaching around $4.1 billion. Chinese exports to Iran also increased 16%, amounting to approximately $4.2 billion, the official Islamic Republic News Agency reported.

Why it matters: Iran’s relations with the People’s Republic have been improving for some time. Iran is currently seeking to join the so-called BRICS alliance featuring China, Brazil, Russia, India and South Africa.

Iranian Foreign Minister Hossein Amir-Abdollahian visited China most recently in March.

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Iranian trade with China on the rise

China is focused on improving its economic ties with Iran as opposed to security cooperation.

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