Message: 🇮🇷🇨🇳 Iran's Oil

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🇮🇷🇨🇳 Iran's Oil Exports Generate $35 Billion in Revenue for the Year

Product: Crude Oil
Message Category

Kokel, Nicolas

4/9/2024 1:22 PM

In the period spanning twelve months until March 2024, Iran's oil exports surged to $35.8 billion.

Despite the reimposition of US sanctions against Tehran in 2018, China's continued purchases of Iranian oil have enabled the nation to uphold a favorable trade balance. As per the country's customs data, excluding oil exports, Iran would have encountered a trade deficit amounting to $16.8 billion.

The overall trade volume experienced a modest increase of 2.6% year-on-year, reaching a total worth of $153 billion, with Iranian exports contributing $86.8 billion to this figure.

#iran #china #oilexports