Bilateral trade turnover between Iran and China increased by 19% in the first eight months of this year and reached $11.16 billion.

The value of transactions between the two countries from January to August last year was $9.344 billion, Mehr reports.

China's imports from Iran during the said period increased 14% compared to the same period last year and reached $4.9 billion. During the same period last year, China imported $4.3 billion worth of goods from Iran.

China's exports to Iran also increased by 24% to $6.2 billion. From January to August last year, China exported $5 billion worth of goods to Iran.

The trade balance between the two countries in the first 8 months of 2022 was $1.268 billion in favor of China.

In August, China exported $1.1 billion worth of goods to Iran and imported $476 million worth of goods from Iran. China's exports to Iran this month increased by 36%, but the country's imports from Iran decreased by 33% compared to August 2021.