Italy was the most important EU- trade partner of Iran, with a trade volume of 2.8 billion Euro, followed by France (2.3 bn Euro) and Germany  (1.8 bn Euro).

From January to July 2017 the European Union (EU28) export of goods to Iran stood at € 5,759 mn, an increase of 37% compared with the first seven month in 2016.  According to the latest data by Eurostat, the statistical office of the European Union, 28% of the EU-ex­ports to Iran came from Germany, which delivered goods worth € 1,617 mn, that was 23% more than in the first seven month of the year 2016.  Second (18%) was Italy with exports worth € 1,015 mn (+25%), followed by France (€ 850 mn, +147%).   

January to July 2017 the 28 EU countries imported goods worth  € 5.817 bn from Iran, (an increase of 171% compared with the first seven month of 2016).  With the removal of most of the sanctions at the end of January 2016, Iran again started the export of oil to Europe.  That is the reason for the high growth rates in Iranian exports to some EU countries.  Major Iranian exports to the European Union  go to Italy, which imported goods worth € 1,777 mn from Iran (+613%) and France (€ 1,482 mn, + 255%).  Germany now holds 6th place with imports worth 213 million Euro (+24%).   http://marin-consult.com

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