Domestic Economy

Iran-EU Trade Hits $4 Billion

Iran exported €658.05 million worth of goods to the EU, recording a 4.79% increase while Iran’s imports from the EU member states declined by 15.37% to €3.36 billion year-on-year
Iran-EU Trade Hits $4 Billion
Iran-EU Trade Hits $4 Billion

Iran and the 27 member states of the European Union traded over €4 billion worth of goods during the first 11 months of 2020, to post a 12% decline compared with the previous year's corresponding period, when they exchanged €4.6 billion worth of commodities. 
Germany remained the top trading partner of Iran during the period, as the two countries exchanged €1.612 million worth of goods, 5.88% higher year-on-year. 
Italy came next with €608.47 million worth of trade with Iran. A year-on-year comparison of the figure indicates a 31.53% decline in bilateral trade between Iran and Italy.
The Netherlands with €441 million (down 5.61%), France with €246.5 million (down 31%) and Spain with €242 million (down 10%) were Iran's other major European trading partners.


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