Iran's H1 Trade With EU Drops 7% YOY to €2.2 Billion

Trade between Iran and EU member states during the first half of 2020 stood at €2.24 billion to register a 6.76% decline compared with last year’s corresponding period, latest data provided by the European Statistical Office show.
Germany, Italy and the Netherlands were Iran’s top three trading partners in the European bloc with bilateral exchanges standing at €934.4 million (up 23.06% YOY), €324.31 million (down 28.19% YOY) and €237.14 million (down 4.48% YOY), respectively.
Iran’s trade with Luxembourg (€741,131), Slovakia (€6.74 million) and Bulgaria (€77.22 million) increased by 300%, 184% and 82.47% respectively year-on-year—the highest among EU states.
Trade with Malta (€1,553), Finland (€2.13 million), Ireland (€4.7 million), Latvia (€380,681) and Croatia (€2.52 million) saw the sharpest declines of 98.95%, 86.89%, 86%, 76.76%, and 65.74% respectively.