January 19, 2019 19:12

Iran-EU Trade Dips 66% in November 2018

Iran exported more than €209.98 million worth of commodities to EU member states in November 2018, which shows a 78.12% decline YOY, as imports decreased by more than 54.86% YOY to reach €469.56 million

Trade between Iran and the 28 European Union member states declined by 66.02% year-on-year to stand at €679.55 million in November 2018.
Iran’s exports during the one-month period amounted to €209.98 million, registering a 78.12% downfall as imports fell by 54.86% to reach €469.56 million, Eurostat reported.
Notably, Iran exported €716.17 million (84%) less mineral fuels, mineral oils and products of their distillation, bituminous substances and mineral waxes to its EU destinations in November compared with the same month of 2017. The above-mentioned category encompasses Iran’s top export commodities to EU states.
Imports of nuclear reactors, boilers, machinery and mechanical appliances and parts—EU’s top exported product category to Iran—plummeted by 53% to reach €168.51 million during the same period.

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Iran-Europe Relations