Economy, Domestic Economy
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Iran-Lithuania Trade Falls 44% in 2017

Iran-Lithuania Trade Falls 44% in 2017 Iran-Lithuania Trade Falls 44% in 2017

Trade between Iran and Lithuania stood at more than €11.1 million in 2017, registering close to a 44% decline compared with 2016.  Iranian trade with the European country experienced the second biggest year-on-year contraction from among the 28-member states of the European Union after Estonia (-59.53%).  Iran exported close to €4 million worth of commodities to Lithuania last year, indicating a 2.23% decrease compared with the previous year, based on the latest Eurostat figures shared with Financial Tribune. Meanwhile, Iran’s imports from Lithuania amounted to more than €7.11 million, showing a 54.8% decline year-on-year. 

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