Domestic Economy

Iran's Trade With EU Tops €2.5 Billion

Iran exported €475.75 million worth of commodities to EU during the seven-month period, indicating an 8.08% growth while Iran’s imports from the EU declined by 4.74% to €2.1 billion during the same period year-on-year
Iran's Trade With EU Tops €2.5 Billion
Iran's Trade With EU Tops €2.5 Billion

Iran and the 27 members of the European Union traded a total of €2.58 billion worth of goods during the first seven months of 2021 (January-July), to register a 2.61% decline compared with the previous year's corresponding period.
Iran's trade with European states also declined by 19% year-on-year in July to hit €334.59 million. 
Figures extracted from Eurostat's datasets show Germany remained the top trading partner of Iran during the seven months under review, as the two countries exchanged €1.01 billion worth of goods, 7.05% less than the corresponding period of the year before. 
Italy came next with €347.96 million worth of trade with Iran. A year-on-year comparison of the figures indicates a 10.97% decline in trade between Iran and Italy. 


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