Iran and the European Union’s 27 member states traded €401.17 million worth of goods in January 2023, registering a 5.31% rise compared with the same month of the year before.
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 €126.07 million worth of goods, 4.37% less compared with the same month of 2022.
Italy came next with €50.91 million worth of trade with Iran to register a 30.4% rise. The Netherlands with €54.56 million (down 7.61%) and Belgium with €34.11 million (up 47.73%) were Iran's other major European trade partners.
Romania registered the highest growth of 425.55% in trade with Iran during the month under review and was followed by Belgium with 47.73%.
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 €77.94 million worth of goods to the EU in January, indicating a 2.08% decline.
Germany with €26.93 million, Italy with €12.03 million, Belgium with €11.36 million, Spain with €7.79 million and Bulgaria with €4.43 million were Iran’s main export destinations.
Iran’s imports from the EU member states in January grew by 7.27% to €323.23 million. Germany accounted for the largest share of exports with €99.13 million, down 8.56% YOY, followed by the Netherlands (€51.14 million), Italy (€38.88 million) and Romania (€29.82 million).