Economy, Domestic Economy

Iran-Belgium Trade Up 10.35% in 2017

Iran-Belgium Trade Up 10.35% in 2017Iran-Belgium Trade Up 10.35% in 2017

Trade between Iran and Belgium stood at over €678 million in 2017, registering a 10.35% rise compared with 2016. 
This makes the European country Iran’s seventh biggest trade partner from among the 28 member states of the European Union over the period after Italy, France, Germany, Spain, the Netherlands and Greece.
Iran exported close to €134.9 million worth of commodities to Belgium last year, indicating a 21.5% decline compared with the previous year, based on the latest Eurostat figures shared with Financial Tribune.
Imports of Iran from Belgium, on the other hand, amounted to more than €543 million, showing a 22.7% increase year-on-year. 


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