Economy, Domestic Economy
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Non-Oil Exports to EU Up 21%

Non-Oil Exports to EU Up 21%Non-Oil Exports to EU Up 21%

Iran’s non-oil exports to the European Union stood at about $643.5 million in the first five months of the current Iranian year (started March 20), registering a 21% increase compared with last year’s corresponding period, according to the Islamic Republic of Iran Customs Administration. Italy was the main customer of Iranian goods in the European Union, as exports to that country stood at over $261.5 during the period, indicating a 15.8% increase, IRNA reported. Spain came next with the export of $149 million worth of goods, which registered a 25.7% rise. Non-oil exports to Germany, Iran’s third major export destination in the EU, amounted to more than $109 million, registering a 4.5% increase. Exports to Belgium experienced a 100% surge over the period and stood at $37.8 million, making the country Iran’s fourth biggest export destination in the EU. Fifth on the list is Poland, to which exports doubled over the five months to stand at about $26.7 million. Iran’s total non-oil exports during this period reached $19.1 billion, indicating a 10.2% increase year-on-year.

Financialtribune.com