Iran exports to EU up 107%: report

The value of Iran’s exports to the European Union (EU) witnessed a significant rise over the first nine months of 2017, a report said.

19 November 2017
ID : 1504
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The value of Iran’s exports to the European Union (EU) witnessed a significant rise over the first nine months of 2017, a report said.

The value of Iran’s exports to the EU from January to September 2017 reached as high as €7.2 billion, showing a 107 percent increase compared to the same period last year, according to official figures released by the EU Commission.

Other figures showed that this value from January to April 2017 stood at €3.4 billion.

Reports earlier said industrial goods such as hot-rolled non-alloy iron, steel, non-alloy iron and steel in forms other than ingots top the list of Iran’s exports to the EU. Other popular products include condensate, light oil and methanol.

Key consumers of Iranian goods traditionally are Spain, France, Greece and Italy.

Key items in the list of EU exports to Iran include pieces of machinery, pharmaceuticals, medical devices, transportation equipment, plastics, etc.

Germany is Iran’s largest trade partner in Europe.

Figures released last year showed that the value of trade between the two countries stands at around €3 billion, but officials on both sides have already voiced optimism that this could increase in the near future.

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