Iran-EU trade rises 6% to €16.5 billion in Jan-Oct 2018

Financial Tribune – Iran exported more than €8.88 billion worth of commodities to EU member states during the 10-month period, which shows a 17.13% rise year-on-year, as imports decreased by 3.32% to stand at €7.69 billion

Trade between Iran and the 28 member states of the European Union during January-October amounted to €16.58 billion, which shows a 6.66% rise compared with the similar period of last year.

Iran’s top five trade partners over the period were Italy, Germany, Spain, France and Greece with more than €4.28 billion, €2.7 billion, €2.52 billion, €2.36 billion and €1.18 billion worth of commercial exchanges respectively.

Trade with Croatia (€65.03 million), Hungary (€90.57 million) Latvia (€6.42 million), Austria (€682.9 million) and Spain (€2.52 billion) saw the highest growths of 1,400.8%, 158.6%, 119.9%, 89.6% and 70.6% respectively.

Iran experienced the sharpest decline in trade with Cyprus (59.9%), Malta (54.3%), Portugal (50.7%), Bulgaria (43.6%) and Romania (33.5%).

The country exported more than €8.88 billion worth of commodities to EU member states during the 10-month period, which shows a 17.13% rise year-on-year, according to Eurostat data reviewed by Financial Tribune.