Domestic Economy

Iran's Trade With EU Nosedives 76%

Iran exported €310.29 million worth of commodities to the European Union, indicating a 93.65% fall, and imported €1.74 billion to register a 55.04% year-on-year decline
Iran's Trade With EU Nosedives 76%
Iran's Trade With EU Nosedives 76%

Trade between Iran and EU member states during the first five months of 2019 stood at €2.05 billion to register a 76.31% plunge compared with last year’s corresponding period.
Iran’s trade with Cyprus and Bulgaria increased by 75.63% and 29.57% respectively. These were the only EU members to experience an increase in commercial exchanges with Iran over the period, as those with the remaining 26 EU member states declined.
Trade with Greece (€19.24 million), Croatia (€2.89 million), Luxembourg (€129,374), Spain (€98.24 million) and France (€144.92 million) saw the sharpest declines of 97.56%, 95.36%, 94.62%, 92% and 88.39% respectively.
Eurostat (European Statistical Office) is a directorate of the European Commission located in Luxembourg. Its main responsibilities are to provide statistical information to EU institutions and promote the harmonization of statistical methods across its member states and candidates for accession. 
Organizations in different countries that cooperate with Eurostat are summarized under the framework of the European Statistical System. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment