Domestic Economy

Iran-EU Trade Rises 7.5% to €15b in 3 Quarters of 2018

Iran exported more than €8.3 billion worth of commodities to EU member states, which shows a 25.1% rise while it imported goods worth €6.59 billion, which was 8% less year-on-year
Photo: Port of Hamburg /Hasenpusch
Photo: Port of Hamburg /Hasenpusch

Trade between Iran and the 28 member states of the European Union during the first three quarters of 2018 amounted to €14.89 billion, which shows a 7.5% rise compared with the similar period of last year.
Iran’s top five trade partners over the period were Italy, Spain, Germany, France and Greece with more than €3.78 billion, €2.31 billion, €2.28 billion, €2.25 billion and €1.11 billion worth of commercial exchanges respectively.
Trade with Croatia (€63.21 million), Hungary (€87.76 million) Latvia (€6.39 million), Spain (€2.31 billion) and Austria (€577.34 million) saw the highest growths of 1,624.2%, 201.22%, 154.92%, 87.93% and 70.56% respectively. 


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