Iran’s eight-month trade with EU hits €3.4 billion

Iran and the European Union’s 27 member states traded €3.44 billion worth of goods during the first eight months of 2022, registering a 14.82% rise compared with last year’s corresponding period.

20 October 2022
ID : 34143
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Iran and the European Union’s 27 member states traded €3.44 billion worth of goods during the first eight months of 2022, registering a 14.82% rise compared with last year’s corresponding period.

An undated photo shows a freight ship nearing Shahid Rajaei Port in southern Iran.

Iran and the European Union’s 27 member states traded €3.44 billion worth of goods during the first eight months of 2022, registering a 14.82% 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 over €1.21 billion worth of goods, 8.11% more than in the similar period of the year before. 

Germany was followed by Italy with €431.79 million worth of trade with Iran to register an 8.73% year-on-year rise and the Netherlands with €280.15 million (down 10.68%).

Croatia registered the highest growth of 65.43% in trade with Iran during the period under review and was followed by Bulgaria with 57.87%.

Bilateral trade grew by 9.62% in August to hit €444.04 million. 

Germany with €156.65 million, Italy with €50.11 million, the Netherlands with €38.79 million, Romania with €37.29 million and Spain with €36.28 million were Iran’s top trading partners in August.

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 €732.36 million worth of goods to the EU in the eight months of 2022, indicating a 29.7% year-on-year rise.

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