Iran and the 27 members of the European Union traded a total of €2.58 billion worth of goods during the first seven months of 2021 (January-July), to register a 2.61% decline compared with the previous year's corresponding period.
Iran's trade with European states also declined by 19% year-on-year in July to hit €334.59 million.
Figures extracted from Eurostat's datasets show Germany remained the top trading partner of Iran during the seven months under review, as the two countries exchanged €1.01 billion worth of goods, 7.05% less than the corresponding period of the year before.
Italy came next with €347.96 million worth of trade with Iran. A year-on-year comparison of the figures indicates a 10.97% decline in trade between Iran and Italy.
The Netherlands with €264.48 million (down 9.23%), Spain with €178.33 million (up 9.25%) and Belgium with €140.14 million (up 6.79%) were Iran's other major European trading partners.
Estonia registered the highest growth of 709.52% in trade with Iran during the seven months under review. Malta with 471.77%, Romania with 284.86% and Croatia with 169.12% came next.
Eurostat is a directorate of the European Commission located in Luxembourg. Its 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 €475.75 million worth of commodities to EU during the seven-month period, indicating an 8.08% growth compared with the similar period of the previous year.
Germany with €162.38 million, Italy with €96 million, Spain with €48 million, Romania with €35 million and Bulgaria with €22 million were the main export destinations.
The country exported €68.56 million worth of goods to EU partners in July, down 25.68% YOY.
Iran’s imports from the EU declined by 4.74% YOY to €2.1 billion during the seven-month period under review. Germany accounted for the largest share of exports worth €847.65 million to Iran, down 7.96%, followed by Italy (€251.96 million), Netherlands (€245.81 million), Spain (€130.3 million) and Belgium (€117.9 million).
Imports from the green continent declined by 19% to €334.59 million during the seventh month of the year.
Trade between Iran and 27 EU member states in 2020 stood at €4.24 billion to register a 13.35% decline compared with €4.89 billion in 2019.
Iran exported €618.03 million worth of commodities to EU during the 12-month period, indicating a 7.18% fall compared with €665.8 million in 2019. Its imports from EU dropped by 14.32% to stand at €3.62 billion during 2020.