In the first quarter of the year 2017, the European Union (EU28) export of goods to Iran stood at € 2,530 mn, an increase of 57% compared with first quarter of 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 € 701 mn, that was 41% more than in the first Quarter of the year 2016. Second (18%) was France with exports worth € 461 mn (+252%), followed by Italy (€ 419 mn, + 37%).
In January to March 2017 the 28 EU countries imported goods worth € 2.769 bn (an increase of 581% compared with the first Quarter 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 € 807 mn from Iran (+709%), France (€ 615 mn, + 7,528%), Netherland (€ 356 mn, + 2,077%), Spain (€ 330 mn, +305%) and Greece (€ 320 mn, 3,936%). Germany now holds 6th place with imports worth 103 million Euro (+19%).