Iran's Non-Oil Trade With Germany Grows 20%

Iran traded $3.44 billion worth of non-oil goods with Germany during the last Iranian year (ended March 20, 2018), which was 20.51% more compared to the year before, making the European country Iran’s seventh biggest trading partner. As per the Islamic Republic of Iran Customs Administration’s data, Iran exported 48,742 tons of commodities worth $359.73 million to Germany last year, posting a 25.52% and 12.49% growth in tonnage and value respectively year-on-year. The exports mainly included floorings, pistachio and animal intestine. Germany exported 1.05 million tons of goods worth $3.08 billion to Iran during the period, up 8.98% and 21.52% in tonnage and value respectively YOY. The imported goods from Germany to Iran mainly included motor vehicles, barley and turbojet parts.