Iran, EU Trade 380 Million Euros of Goods in January

The Eurostat data showed that the EU’s exports to Iran in January stood at 311 million euros, registering a decrease of nine percent compared to the same month in 2023 when the EU’s exports to Iran were reported to be 344 million euros.

The European Union's imports from Iran also reached 69 million euros in the mentioned month with a 15 percent decrease compared to 2023. EU imported 80 million euros of goods from Iran in January 2023.

It added that the trade between the two sides fell 10 percent in the first month of the current year in comparison to the past year’s same month when the figure stood at 424 million euros.

According to Eurostat, Germany was Iran’s top trade partner in Europe in January. The country accounted for 38 percent of the Iran-EU total trade in the said month. The total trade between Iran and Germany reached 119.7 million euros in the first month of 2024.

Germany exported 100 million euros of goods to Iran and imported 19.7 million euros from Iran. German exports to Iran didn’t change much but imports decreased by 26 percent, year on year.

The exports from some other European countries to Iran, however, increased significantly in January 2024. Spain's exports to Iran this month experienced a 62 percent growth compared to the same period last year and increased from 15.4 million euros in January 2023 to 25 million euros in January this year.

Italy's exports to Iran also increased by 13 percent and reached 43.9 million euros. Italy had exported 38.8 million euros of goods to Iran in January 2023.

While Germany's imports from Iran decreased by 26 percent in January, Greece's imports from Iran tripled and reached 2.3 million euros. Dutch imports from Iran have also almost doubled, from 3.5 million euros in January 2023 to 6.8 million euros in January this year.

Romania's imports from Iran also increased by 47 percent to 3.4 million euros, and Italy's imports by two percent to 12.2 million euros.

As previously announced by Eurostat, trade between Iran and the EU stood at 4.732 billion euros in 2023.

Based on the Eurostat data, the trade between the two sides fell nine percent in 2023 in comparison to the past year when the figure stood at 5.244 billion euros.

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