Trade between Iran, EU grows 53% in 2017

21.02.18

Eurostat announced that the value of trade between Iran and the European Union member states in 2017 stood at €21 billion.

Italy was the most important EU- trade partner of Iran, with a trade volume of 5.1 billion Euro, fol­lowed by France (3.8 bn Euro) and Germany  (3.3 bn Euro).

In 2017 the European Union (EU28) export of goods to Iran stood at   €10,822 mn, an increase of 32% compared with the year 2016.  According to the la­test (preliminary) data by Eurostat, the statistical office of the European Union, 27% of the EU-ex­ports to Iran came from Germany, which delivered goods worth € 2,962 mn, that was 15% more than in the year 2016.  Second (16%) was Italy with exports worth € 1,735 mn (+13%), followed by France (€ 1,501 mn, +108%) and the Netherlands (€ 1,079 mn, +51%).   

In 2017 the 28 EU countries imported goods worth  € 10.133 bn from Iran, (an increase of 84% compared with 2016).  With the removal of most of the sanctions at the end of January 2016, Iran again started the export of oil to Europe.  That is the reason for the high growth rates in Iranian exports to some EU countries.  Major Iranian ex­ports to the European Union  go to Italy, which imported goods worth € 3,368 mn from Iran (+221%) and France (€ 2,289 mn, +67%).  Germany holds 6th place with imports worth 379 mil­­lion Euro (+31%)