Iran’s Non-Oil Trade With EU Declines

Iran’s Non-Oil Trade With EU Declines

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Introduction

Trade between Iran and 27 member states of European Union

Iran exported $323.45 million worth of non-oil goods to 27 EU member states during the eight months under review, which is 28% lower than the previous year’s $452.8 million

Trade between Iran and 27 member states of European Union stood at $3.54 billion during the first eight months of the current Iranian year (March 20-Nov. 20), indicating a 23.5% decline compared with the same period of last year.

According to the latest statistics released by Iran’s Customs Administration, $323.45 million worth of non-oil goods were exported to EU member states during the eight months under review. The figure is 28% lower than the previous year’s $452.8 million.

Germany alone accounted for 41% of EU’s imports from Iran during the eight-month period. A total of $131.4 million worth of non-oil products were shipped to Germany from Iran, indicating a 14% increase year-on-year.

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