Domestic Economy

Iran's Trade With EU Plunges 80%

Except for Cyprus and Slovenia, Iran's trade with all other EU member states witnessed a decline
Iran's Trade With EU Plunges 80%
Iran's Trade With EU Plunges 80%

Trade between Iran and EU member states during the first two months of 2019 stood at €757 million to register a nearly 80% plunge compared with last year’s corresponding period.
Iran’s trade with Cyprus and Slovenia increased by 9.9% and 0.8% respectively, which were the only two EU members to experience an increase in commercial exchanges with Iran over the period. 
Iran's trade with the remaining 26 EU member states declined. 
Trade with Greece (€7.96 million), Luxembourg (€66,413), Spain (€32.61 million), France (€52.51 million) and Poland (€10.03 million) saw the sharpest declines of 97.9%, 96.9%, 92.9%, 92.1% and 87% respectively.


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