Iran and the 27 member states of the European Union traded €357.01 million worth of goods in January 2022, registering a 30% growth compared with last year's corresponding period.
Data released by Eurostat's database show Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged €131.54 million worth of goods, 16.46% higher than the year before.
Italy came next with €39.05 million worth of trade with Iran. A year-on-year comparison of trade volume indicates a 0.72% decline.
The Netherlands with €37.41 million (up 20.79%) and Belgium with €23.09 million (up 42.15%) were Iran's other major European trade partners.
Croatia registered the highest growth of 216.69% in trade with Iran during the period under review and was followed by Estonia with 95.64%.
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 €69.6 million worth of commodities to EU during the period, indicating a 48.91% growth year-on-year.
Germany with €23.42 million, Italy with €14.06 million, the Netherlands with €5.3 million, Romania with €5.2 million and Belgium with €3.73 million were Iran’s main export destinations.
Iran’s imports from the EU member states grew by 13.36% YOY to €287.41 million. Germany accounted for the largest share of exports with €108.13 million, up 13.36% YOY, followed by Italy (€24.99 million), the Netherlands (€32.11 million) and Belgium (€19.36 million).