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Trade between China and Iran

In 2024, China exported $8.9 billion to Iran and imported $4.4 billion. China ran a surplus of $4.5 billion with Iran, compared with a deficit of $1.8 billion in 2019. Iran was China’s 59th largest trading partner (0.2% of its trade), and China was Iran’s largest (37%).

Summary

China → Iran
$8.9billion
Iran → China
$4.4billion
China’s balance
$4.5billion

Balance

China’s trade balance with Iran

Trade between China and Iran grew 26.7-fold since 1995

USD billions (current). China’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 8.9
  • Imports 4.4
  • Balance +4.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$276 million$225 million$50 million
1996$364 million$386 million-$22 million
1997$567 million$548 million$19 million
1998$918 million$571 million$347 million
1999$907 million$622 million$285 million
2000$844 million$1.8 billion-$957 million
2001$999 million$2.5 billion-$1.5 billion
2002$1.5 billion$2.4 billion-$919 million
2003$2.2 billion$3.4 billion-$1.2 billion
2004$2.2 billion$4.5 billion-$2.3 billion
2005$2.8 billion$6.8 billion-$4 billion
2006$3.5 billion$10 billion-$6.4 billion
2007$7.3 billion$13.3 billion-$6 billion
2008$8.2 billion$19.6 billion-$11.4 billion
2009$7.9 billion$13.3 billion-$5.4 billion
2010$8.4 billion$18.3 billion-$9.9 billion
2011$11 billion$30.2 billion-$19.1 billion
2012$11.6 billion$24.9 billion-$13.3 billion
2013$12.3 billion$25.9 billion-$13.5 billion
2014$16.2 billion$30.6 billion-$14.4 billion
2015$13.5 billion$18.1 billion-$4.7 billion
2016$12.7 billion$15.4 billion-$2.7 billion
2017$15 billion$19 billion-$4 billion
2018$11.6 billion$21.3 billion-$9.7 billion
2019$11.6 billion$13.4 billion-$1.8 billion
2020$9.9 billion$8.1 billion$1.8 billion
2021$11.6 billion$11.8 billion-$238 million
2022$13.4 billion$13.9 billion-$471 million
2023$10 billion$4.6 billion$5.4 billion
2024$8.9 billion$4.4 billion$4.5 billion

What they sell each other

What China sells to Iran

The top 10 headings in 2024, with their share of the total.

  1. Auto parts$653 million · 7.3%
    95 thousand tonnes · China’s destinations
  2. Vehicle bodies and cabs$618 million · 6.9%
    64 thousand tonnes
  3. Gold$486 million · 5.4%
    6 tonnes · China’s destinations
  4. Synthetic filament fabric$305 million · 3.4%
    55 thousand tonnes
  5. 30 thousand tonnes
  6. Spark-ignition engines$214 million · 2.4%
    21 thousand tonnes
  7. Motorcycles$166 million · 1.9%
    33 thousand tonnes · China’s destinations
  8. Sunflower seeds$131 million · 1.5%
    76 thousand tonnes
  9. Electric motors and generators$131 million · 1.5%
    34 thousand tonnes
  10. Liquid pumps$126 million · 1.4%
    28 thousand tonnes

What Iran sells to China

The top 10 headings in 2024, with their share of the total.

  1. Polyethylene$1.3 billion · 30.2%
    1.3 million tonnes · Iran’s destinations
  2. Iron ore$1.1 billion · 25.5%
    9.3 million tonnes · China’s sources
  3. Alcohols$583 million · 13.1%
    1.8 million tonnes
  4. 41 thousand tonnes
  5. Unwrought aluminum$183 million · 4.1%
    75 thousand tonnes · China’s sources
  6. Frozen fish$89 million · 2%
    42 thousand tonnes
  7. Unwrought zinc$86 million · 1.9%
    33 thousand tonnes
  8. Semi-finished steel$83 million · 1.9%
    195 thousand tonnes
  9. Marble and travertine$78 million · 1.8%
    292 thousand tonnes
  10. Sulfur$75 million · 1.7%
    666 thousand tonnes

How it travels

Estimated sea route from Shanghai to Khorramshahr.

The estimated sea route between Shanghai and Khorramshahr is 6,180 nautical miles (11,445 km) long: ≈ 14.5–18.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Malacca and Singapore; and Strait of Hormuz.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$12.6 billion · 94%
  2. Air$804 million · 6%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Iran was China’s 59th largest trading partner (0.2% of its trade), and China was Iran’s largest (37%).

Iran in China’s trade
0.2%
Iran’s rank among China’s partners
59th
China in Iran’s trade
37.3%
China’s rank among Iran’s partners
1st

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.