February 16, 2020 19:04

Iran-EU Trade Down 71.5%

Iran exported €701.14 million worth of commodities to EU, indicating a 92.59% fall, and imported €4.52 billion in return to register a 49.16% year-on-year decline

Trade between Iran and EU member states in 2019 stood at €5.22 billion to register a 71.54% decline compared with €18.35 billion in 2018, 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 €1.7 billion, €976.56 million and €513.87 million respectively.
Iran’s trade with Cyprus (€8.78 million), Bulgaria (€97.74 million) and Malta (€391.64) increased by 63.26%, 36.15% and 8.63% respectively year-on-year—the highest among EU states.

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Iran-Europe Relations