Economy, Business And Markets

Iran-Europe Trade Up 52% in 2017 - Report

Iran exported over €10.12 billion worth of commodities to the EU states last year, indicating an 84.54% growth, and imported €10.38 billion, up 30.9% YOY
Shahid Rajaei Port in Hormozgan Province, Iran's largest container portShahid Rajaei Port in Hormozgan Province, Iran's largest container port
Italy with nearly €3.37 billion worth of purchases was Iran’s main export destination, as Germany with €2.84 billion was the biggest exporter to Iran

More than €20.2 billion worth of commodities were traded between Iran and the European Union member states in 2017, registering a 52.83% increase compared with the value of commercial exchanges in the previous year, according to Eurostat data reviewed by Financial Tribune. Iran's top five European trading partners last year were Italy with more than €5.08 billion worth of bilateral trade, France with €3.69 billion, Germany with €3.22 billion, Spain with €1.95 billion and the Netherlands with €1.82 billion.


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