Financial Tribune - Iran exported �165.5 million worth of commodities to the EU during the period to register a 43.68% rise and imported �622 million in return to register a 2.61% year-on-year increase

Trade between Iran and EU member states during January-February stood at �787.66 million to register a 9.17% increase compared with the similar period of 2019, latest data provided by the European Statistical Office show.

Germany, Italy and the Netherlands were Iran�s top three trading partners in the European bloc during the period under review with bilateral exchanges standing at �307.04 million, �121.82 million and �90.2 million respectively.

Iran�s transactions with Luxembourg (�426,596), Slovakia (�2.85 million) and Croatia (�1.03 million) increased by 542.34%, 291.45% and 183.83% respectively year-on-year, marking the highest among EU states.

Trade with Malta (�1,536), Ireland (�2.64 million), Sweden (�5.94 million), Greece (�2.49 million) and Finland (�1.68 million) saw the sharpest declines of 88.86%, 82.9%, 75.51%, 68.63% and 65.2% respectively.

The United Kingdom officially withdrew from the European Union on January 31. The UK�s withdrawal, known as Brexit