Italy was the most important EU- trade partner of Iran, with a trade volume of 2.4 billion Euro, followed by France (2.0 bn Euro) and Germany (1.6 bn Euro).
At Mid-Year 2017, the European Union (EU28) export of goods to Iran stood at € 4,937 mn, an increase of 39% compared with the first six 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 € 1,395 mn, that was 23% more than in the first six month of the year 2016. Second (17%) was France with exports worth € 850 mn (+28%), followed by Italy (€ 764 mn, +162%).
January to June 2017 the 28 EU countries imported goods worth € 5.004 bn (an increase of 227% compared with the first six 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 € 1,542 mn from Iran (+684%) and France (€ 1,261 mn, + 441%). Germany now holds 6th place with imports worth 184 million Euro (+22%).