Domestic Economy

Upswing in Transactions With EU

Iran exported €889.68 million worth of goods to the EU in the first 10 months of 2022, indicating a 20.84% year-on-year rise, while imports grew by 12.72% YOY to €3.47 billion
Upswing in Transactions With EU
Upswing in Transactions With EU

Iran and the European Union’s 27 member states traded €4.36 billion worth of goods during the first 10 months of 2022, registering a 14.28% rise compared with last year's corresponding period.
New data released by Eurostat show Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged over €1.6 billion worth of goods, 15.44% more than in the similar period of the year before. 
Italy came next with €555.39 million worth of trade with Iran to register an 11.14% year-on-year rise. 
The Netherlands with €351.94 million (down 10.76%) and Spain with €296.06 million (up 13.12%) were Iran's other major European trade partners.


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