Iran-EU trade dips 66% (Nov 2018)

Financial Tribune – Iran exported more than €209.98 million worth of commodities to EU member states in November 2018, which shows a 78.12% decline YOY, as imports decreased by more than 54.86% YOY to reach €469.56 million

Trade between Iran and the 28 European Union member states declined by 66.02% year-on-year to stand at €679.55 million in November 2018.

Iran’s exports during the one-month period amounted to €209.98 million, registering a 78.12% downfall as imports fell by 54.86% to reach €469.56 million.

Notably, Iran exported €716.17 million (84%) less mineral fuels, mineral oils and products of their distillation, bituminous substances and mineral waxes to its EU destinations in November compared with the same month of 2017. The above-mentioned category encompasses Iran’s top export commodities to EU states.