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Transactions With EU Hit $2.6b

Germany, Italy and the Netherlands were Iran’s top three trading EU partners during the seven months
Transactions With EU Hit $2.6b Transactions With EU Hit $2.6b

Transactions between Iran and EU member states during January-July 2020 stood at €2.65 billion to register a 9.07% 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 €1.07 billion (up 15.26% YOY), €390.84 million (down 28.7% YOY) and €291.51 million (up 1.59% YOY), respectively.
Iran’s trade with Slovakia (€7.76 million) Luxembourg (€885,444), and Bulgaria (€84.05 million) increased by 191.65%, 143.72% and 62.33% respectively year-on-year, which constitute the highest among EU states.
Trade with Finland (€2.31 million), Ireland (€5.92 million), Malta (€28,084), Latvia (€390,427) and Croatia (€3.09 million) saw the sharpest declines of 88.12%, 82.89%, 80.93%, 76.72 and 72.09% respectively.

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