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The value of trade between Iran and the European Union (EU)’s member states reached €۳.۷۶۱ billion in the first 10 months of 2023, according to the data released by the European Union’s statistics office Eurostat.
Based on the Eurostat data, the trade between the two sides fell 13 percent in the said 10 months in comparison to the preceding year’s same period when the figure stood at €۴.۳۶۷ billion.
According to Eurostat, Germany accounted for 31 percent of the Iran-EU total trade in the first 10 months of 2023. The total trade between Iran and Germany reached €۱.۱۶۸ billion in this period.
As reported, the EU’s exports to Iran from January to October 2023 stood at €۳.۱۱۴ billion, registering a decrease of 10 percent compared to the same period of 2022 when the EU exports to Iran were reported to be €۳.۴۷۸ billion.
The European Union’s imports from Iran also reached €۶۴۷ million in the first 10 months of 2023 with a 27 percent decrease compared to the same period of 2022. EU imported €۸۸۹ million of goods from Iran in January-October 2022.
As previously announced by Eurostat, the value of Iran’s exports to the European Union’s member states rose 15 percent in 2022, as compared to the previous year. The Eurostat’s data show that Iran exported commodities worth €۱.۰۵۵ billion to the union in 2022, while the figure was €۹۲۲ million in 2021. The EU’s exports to Iran also rose seven percent to €۴.۱۸۳ billion from €۳.۹۳۱ billion.
According to the Eurostat, the total value of trade between Iran and the European Union reached €۵.۲۳۸ billion in January-December 2022, while the figure was €۳.۹۳۱ billion in 2021.
Among European countries, Germany was Iran’s top trading partner in 2022, accounting for about 35 percent of Iran’s trade with the European Union. Germany exported €۱.۵۸۲ billion worth of goods to Iran while importing €۲۷۸ million worth of commodities from the Islamic Republic. The country’s total trade with Iran was 1.860 billion euros.
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