Domestic Economy

Iran Trade With EU Plunges

Iran exported €53.7 million worth of commodities to the EU in January, indicating a 95.42% fall, as imports plummeted by around 64.39% over the same period last year to €289.69 million
Iran Trade With EU Plunges
Iran Trade With EU Plunges

Trade between Iran and EU member states during the first month of 2019 stood at €343.38 million to register an 82.72% decline compared with last year’s corresponding period.
Iran’s trade with Cyprus and Slovenia saw a 48.84% and 20.23% rise respectively. These were the only two EU members with which Iran experienced an increase in commercial exchanges. 
The country’s trade with the remaining 26 EU member states all declined. 
Trade with Greece (€3.47 million), Latvia (€ 46,902), Poland (€3.31 million), Romania (€2.16 million) and Spain (€16.2 million) saw the sharpest decline of 97.82%, 95.17%, 95.16%, 94.73% and 94.36% respectively, Eurostat show.


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