Domestic Economy

Iran's Trade With EU Declines 6.5% to €1.8 Billion

Iran exported €276.69 million worth of commodities to the EU in the first five months of 2020 and imported €1.55 billion in return, to register a 3.43% and 7.02% decline respectively YOY
Iran's Trade With EU Declines 6.5% to €1.8 Billion
Iran's Trade With EU Declines 6.5% to €1.8 Billion

Trade between Iran and EU member states during January-May 2020 stood at €1.83 billion to register a 6.49% 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 €782.22 million (up 24.69% YOY), €254.41 million (down 28.21% YOY) and €187.44 million (down 6.1% YOY), respectively.
Iran’s trade with Luxembourg (€720,939), Slovakia (€5.74 million) and Bulgaria (€69.03 million) increased by 457.25%, 162.78% and 102.27% respectively year-on-year—the highest among EU states.
Trade with Malta (€1,553), Finland (€1.94 million), Ireland (€4.39 million), Latvia (€380,681) and Greece (€8.22 million) saw the sharpest declines of 98.95%, 86.39%, 85.44%, 75.84% and 57.28% respectively.


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