Trade between Iran and EU member states in January stood at €387.12 million to register a 17.79% increase compared with the same month of 2019, latest data provided by the European Statistical Office show.
Germany, Italy and the Netherlands were Iran’s top trading partners in the European bloc with bilateral exchanges standing at €148.99 million, €50.06 million and €33.65 million respectively.
Iran’s trade with Luxembourg (€267,759), Romania (€15.94 million) and Croatia (€268,704) increased by 1,233%, 636.64% and 347.53% respectively year-on-year, making it the highest among EU states.
Trade with Ireland (€122,617), Malta (€1,536), Estonia (€47,663), Greece (€1.27 million) and Sweden (€3.03 million) saw the sharpest declines of 97.52%, 88.86%, 66.28%, 63.22% and 53.53% respectively.
Eurostat is a directorate of the European Commission located in Luxembourg. Its main responsibilities are to provide statistical information to EU institutions and promote the harmonization of statistical methods across its member states and candidates for accession.
Organizations in different countries, which cooperate with Eurostat, are summarized under the concept of the European Statistical System.
Exports Increase 45%
Iran exported €78.01 million worth of commodities to the EU during January, indicating a 45.17% rise compared with the similar month of the previous year.
The main export destinations over the period were Germany (€29.92 million), Italy (€13.41 million), Spain (€11.29 million), Belgium (€4.19 million) and Romania (€3.18 million).
Iran’s exports to Finland, Luxembourg and Croatia experienced the highest year-on-year growth rates of 11,665%, 1,280% and 928.82% respectively.
This is while exports to the Czech Republic, Denmark and Greece fell by 60.57%, 50.29% and 50.21% YOY respectively, which are the sharpest among EU member states.
The exported goods mainly included edible fruit and nuts; peel of citrus fruits or melons worth €29.39 million; plastics and articles thereof worth 8.89 million; coffee, tea, maté and spices worth €6.51 million; pharmaceutical products worth €6 million; carpets and other textile floor coverings worth €3.62 million; products of animal origin, not elsewhere specified or included worth €3.29 million; nuclear reactors, boilers, machinery and mechanical appliances worth €3.1 million, iron and steel worth €3.07 million; lac, gums, resins and other vegetable saps and extracts worth €2.35 million; and iron or steel products worth €2.25 million.
Imports Rise by 12%
Imports from EU increased by 12.44% to stand at €309.1 million during the month under review.
The top five exporters from the European bloc to Iran were Germany with €119.06 billion, Italy with €36.65 million, the Netherlands with €31.77 million, France with €20.35 million and Denmark with €18.25 million worth of shipments to Iran.
Romania with €12.76 million, Luxembourg with €75,926 and Bulgaria with €14.02 were the EU countries whose exports to Iran saw the highest YOY increase (16,648%, 1,127% and 621.57% respectively).
Ireland with €44,615, Estonia with €29,779 and Greece with €708,080 experienced the sharpest YOY decline in exports to Iran (99.09%, 77.2% and 69.61% respectively).
Imports to Iran mainly included nuclear reactors, boilers, machinery and mechanical appliances; parts thereof worth €71.87 million; pharmaceutical products worth €38.08 million; cereals worth €36.53 million; optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof worth €26.87 million; as well as electrical machinery and equipment, and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles worth €16.07 million.
Oilseeds, oleaginous fruits, miscellaneous grains, seeds, fruit, industrial or medicinal plants, straw and fodder worth €15.33 million; miscellaneous chemical products worth €9.78 million; organic chemicals worth €8.34 million; plastics and articles thereof worth €7.02 million; and miscellaneous edible preparations worth €6.59 million are major imported products.
Other imported products included essential oils and resinoids; perfumery, cosmetic or toilet preparations worth €4.57 million; manmade staple fibers worth €4.08 million; residues and waste from food industries; prepared animal fodder with €3.91 million; tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other coloring matter; paints and varnishes; putty and other mastics; inks worth €3.68 million; and albuminoidal substances, modified starches, glues and enzymes worth €3.35 million.
