Iran-EU Trade from January to May 2024 at 1.9 Billion Euro
Eurostat: EU27-Iran foreign trade in January to May 2024 generated 1,943 million Euro (+4%). The 27 EU countries exported goods worth € 1,589 million Euro (+5%) to Iran and imported goods worth 354 million Euro (-1%). Germany was the most important EU trade partner of Iran, with a trade volume of 615 million Euro, followed by Italy (308 million Euro), the Netherlands (215 million Euro) and Romania (152 million Euro).
The European Union (EU27) export of goods to Iran in the first five month of the year 2024 stood at 1,589 million Euro, an increase of 5% compared to January till May 2023. According to the latest data by Eurostat, the statistical office of the European Union, 33% of the EU exports to Iran came from Germany that delivered goods worth 521 million Euro, that was 13% more than in the first five month of the year 2023. Second (14%) was Italy with exports worth 222 million Euro (-4%) followed by the Netherlands (195 million Euro, -12%), Belgium (119 million Euro, +12%) and Romania (115 million Euro, +53%).
From January to May 2024 the 27 EU countries imported goods worth 354 million Euro from Iran (-1%). Most of the Iranian exports to the European Union (27%) went to Germany, which imported goods worth 94 million Euro from Iran (-16%), followed by Italy (86 million Euro, +31%) and Spain (37 million Euro, -6%).