Domestic Economy

Iran's Trade With EU Surpasses €1.4 Billion in 4 Months

Iran exported €245.5 million worth of commodities to the EU in the first four months of 2020, indicating a 4.73% rise, and imported €1.22 billion in return to register a 3.82% year-on-year decline
Iran's Trade With EU Surpasses €1.4 Billion in 4 MonthsIran's Trade With EU Surpasses €1.4 Billion in 4 Months

Trade between Iran and EU member states during January-April stood at €1.47 billion to register a 2.5% 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 €628.3 million (up 26.45% YOY), €205.96 million (down 22.09% YOY) and €153.41 million (up 20.35% YOY), respectively.
Iran’s trade with Luxembourg (€674,468), Slovakia (€4.34 million) and Bulgaria (€59.66 million) increased by 850.93%, 142.96% and 116.60% respectively year-on-year—the highest among EU states.
Trade with Malta (€1,536), Finland (€1.88 million), Ireland (€4.19 million), Romania (€21.59 million) and Sweden (€11.44 million) saw the sharpest declines of 98.96%, 82.13%, 78%, 67.68% and 63.67% respectively.


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