The Eurostat, the statistical office of the European Union, has announced that the trade volume between Iran and the European Union in February 2024 grew 30% compared with the same month last year.
According to the latest figures by the Eurostat, the volume of Iran-EU trade was €358 million in February 2023, which increased to €468 this past February.
The 27-member bloc’s exports to Iran reached €392 million in February, up by 32% year on year. That’s while the EU’s imports from the Islamic Republic reached €76 million in February, which were up by 24% year on year.
Among the European Union member states, Germany, Romania and France were the main exporters of goods to Iran, as their exports grew by 46%, 37% and 22% respectively in February 2024 compared with the same month last year.
Meanwhile, Italy’s imports from Iran jumped by 96% to stand at €26.1 million in February from €13.3 million last year.