Domestic Economy

Iran-EU Trade Plunges 74%

Iran exported €513.62 million worth of commodities to the EU, indicating a 94% fall, and imported €3.35 billion in return to register a 51.15% year-on-year decline
Iran-EU Trade Plunges 74%
Iran-EU Trade Plunges 74%

Trade between Iran and EU member states during January-September stood at €3.86 billion to register a 74.92% plunge 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 €1.23 billion, €734.78 million and €376.73 million respectively.
Iran’s trade with Cyprus (€6.25 million) and Bulgaria (€64.97 million) increased by 85.12% and 29.24% respectively year-on-year—the highest among EU states.
Trade with Greece (€32.08 million), Luxembourg (€506,316), Spain (€207.36 million), France (€296.5 million) and Austria (€102.11 million) saw the sharpest declines of 97.13%, 91.38%, 91.17%, 86.79% and 82.38% respectively.


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