March 09, 2021 18:12

Iran-EU 2020 Trade Down 13%

Iran exported €618.03 million worth of commodities to EU last year, indicating a 7.18% YOY fall while imports from EU dropped by 14.32% to stand at €3.62 billion in 2020

Trade between Iran and 27 EU member states in 2020 stood at €4.24 billion, registering a 13.35% decline compared with €4.89 billion in 2019, 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 €1.72 billion, €664.1 million and €372.75 million, respectively.
Iran’s trade with Cyprus (€12.63 million), Luxembourg (€1.54 million) and Bulgaria (€115.3) increased by 123%, 65% and 17.66% respectively year-on-year, which were the highest among EU states.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Iran-Europe Relations