News ID: 277159
Published: 0338 GMT November 22, 2020

Iran’s nine-month exports to EU up 13%

Iran’s nine-month exports to EU up 13%
IRNA

Iran’s trade with the European Union decreased by 11 percent in the first nine months of 2020 compared to the same period last year, amounting to €3.34 billion, while Iran’s exports to EU member states rose 13 percent.

According to figures released by the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA), Iran exported €563 million worth of commodities to the EU during the nine months to September, while it imported €2.78 billion worth of goods from the EU countries, IRNA reported on Sunday.

In September, the value of Iran’s exports to the EU amounted to €81million, a 94 percent increase compared to the related figure for the previous month.

The highest value of Iran’s imports from the European Union during the first nine months of 2020 was related to transport machinery and equipment, with a total amount of €887 million, according to TCCIMA data.

The main export destination of Iran in the EU was Germany, with a 36 percent share in terms of value, which shows an increase of about seven percent compared to the related figure for 2019.

The Netherlands was Iran’s ninth export destination in the EU in the first nine months of 2019, but in the same period in 2020, Iran’s exports to the country increased almost eightfold, making it the second largest export destination for Iranian products in the European Union.

The value of Iran’s exports to Italy and Spain during this period has decreased by 35 percent and 18 percent, respectively.

According to TCCIMA statistics, Germany and Italy were the top exporters of goods to Iran during the said period.


 

   
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