Iran and the European Union’s 27 member states traded €2.59 billion worth of goods in the first six months of 2022, registering a 15.23% rise compared with last year's corresponding period.
New data released by Eurostat show Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged €950.19 million worth of goods, 6.34% more than in the similar period of the year before.
Italy came next with €324.2 million worth of trade with Iran to register a 6.98% year-on-year rise.
The Netherlands with €209.13 million (down 9.96%) and France with €148.38 million (up 39.38%) were Iran's other major European trade partners.
Croatia registered the highest growth of 77% in trade with Iran during the period under review and was followed by Bulgaria with 74.76%.
Bilateral trade grew by 27.88% in June to hit €511.9 million.
Germany with €169.44 million, Italy with €58.03 million, France with €50.09, the Netherlands with €47.23 million, Spain with €39.43 million and were Iran’s top trading partners in June.
A directorate of the European Commission located in Luxembourg, Eurostat’s main responsibilities are to provide statistical information to EU institutions and promote the harmonization of statistical methods across its member states and candidates for accession.
Organizations in different countries that cooperate with Eurostat are summarized under the concept of European Statistical System.
Iran exported €555.14 million worth of goods to the EU in H1 2022, indicating a 36.18% year-on-year rise.
Germany with €150.89 million, Italy with €91.26 million, Spain with €65.92 million, Romania with €53.61 million and Bulgaria with €45.19 million were Iran’s main export destinations.
Iran exported €90.78 million worth of goods to EU partners in June, up 21.96% YOY.
The main export destinations included Germany (€19.59 million), Italy (€16.57 million), Romania (€11.64 million), Belgium (€9.25 million) and Bulgaria (€8.44 million).
Iran’s H1 imports from the EU member states grew by 10.58% YOY to €2.03 billion. Germany accounted for the largest share of exports with €799.3 million, up 6.18% YOY, followed by Italy (€232.93 million), the Netherlands (€174.87 million) and France (€140.11 million).