Iran and the member states of the European Union exchanged more than €450 million worth of products in November 2023, showing a 24% year-on-year growth, according to the latest update by the Statistical Office of the European Union (Eurostat).
The EU member states exported about €3.5 billion worth of non-oil products to Iran in the 11 months of 2023 (January to November).
Eurostat put the total value of the trade exchanges between Iran and the 27-member bloc from January to November 2023 at €4.214 billion, showing a 12 percent decline compared to the same period a year earlier.
Iran and 27 EU member countries had exchanged €4.793 billion worth of products from January to November 2022.
According to this report, EU exports of non-oil products to Iran fell from €3.813 billion between January and November 2022 to €3.484 billion from January to November 2023.
The value of the EU imports from Iran between January and November 2023 reached €730 million, registering a 25 percent decline compared to the previous year’s corresponding period.
The 27 member states of the EU imported €980 million worth of products from Iran between January and November 2022.