Iran, EU states trade $4.36 billion worth of goods in 10 months

Iran and the European Union’s 27 member states traded €4.36 billion worth of goods during the first 10 months of 2022, new data released by Eurostat suggested.

19 December 2022
ID : 44318
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Iran and the European Union’s 27 member states traded €4.36 billion worth of goods during the first 10 months of 2022, new data released by Eurostat suggested.

The figures indicated a 14.28% rise compared with last year's corresponding period.

The report shows that Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged over €1.6 billion worth of goods, 15.44% more than in the similar period of the year before.

Italy came next with €555.39 million worth of trade with Iran to register an 11.14% year-on-year rise.

The Netherlands with €351.94 million (down 10.76%) and Spain with €296.06 million (up 13.12%) were Iran's other major European trade partners.

Croatia registered the highest growth of 62.91% in trade with Iran during the period under review and was followed by Bulgaria with 55%.

Bilateral trade declined by 15.99% in October to hit €381.82 million.

Germany with €121.81 million, Italy with €66.7 million, Belgium with €49.05 million, the Netherlands with €26.59 million and Spain with €26.44 million were Iran’s top trading partners in October.

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.

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