29 Mar 2024
Monday 18 May 2020 - 16:38
Story Code : 376045

Iran's Q1 trade with EU tops 1b

Financial Tribune - Iran exported 225.61 million worth of commodities to the EU, indicating a 26.85% rise, and imported 940.43 billion in return to register a 5.08% year-on-year decline

Trade between Iran and EU member states during January-March 2020 stood at 1.16 billion to register a 0.22% decline compared with last years corresponding period, latest data provided by the European Statistical Office show.

Germany, Italy and the Netherlands were Irans top three trading partners in the European bloc with bilateral exchanges standing at 491.18 million, 171.83 million and 128.36 million respectively.

Irans trade with Luxembourg (488,018), Slovakia (3.32 million) and Bulgaria (43.7 million) increased by 589.68%, 141.4% and 106.76% respectively year-on-yearthe highest among EU states.

Trade with Malta (1,536 million), Finland (1.87 million), Ireland (3.89 million), Sweden (9.3 million) and Romania (20.86 million) saw the sharpest declines of 98.8%, 77.12%, 77%, 67.17% and 65.21% respectively.
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