Financial Tribune - Iran exported �452.65 million worth of commodities to the European Union, indicating a 93.67% fall, and imported �2.55 billion in return to register a 52.13% year-on-year decline

Trade between Iran and European Union member states during the first seven months of 2019 stood at �3.01 billion to show a 75.89% plunge compared with last year�s corresponding period, latest statistics provided by the European Statistical Office show.

Germany, Italy and the Netherlands were Iran�s top three trading partners in the European bloc with bilateral exchanges standing at �933.66 million, �548.15 million and �286.16 million respectively.

Iran�s trade with Cyprus (�4.32 million) and Bulgaria (�51.38 million) increased by 66.94% and 50.82% respectively year-on-year, marking the highest increase among EU states.

Trade with Greece (�27.87 million), Spain (�163.17 million), France (�233.8 million), Luxembourg (�363,310) and Sweden (�45.33 million) saw the sharpest declines of 97.35%, 91.16%, 88.18%, 87.85% and 83.23% respectively.