EU-Iran Foreign Trade in the year 2018 reached 18.270 billion Euro.
The 28 EU countries exported goods worth € 8,921 bn to Iran and imported goods worth € 9.349 bn. As a result, trade balance between Iran and EU stood at € 428 mln in favor of Iran. Italy was the most important EU-trade partner of Iran, with a trade volume of 4,613 million Euro, followed by Germany (3,114 mn Euro), Spain (2,610 mn Euro) and France (2,426 mn Euro).
The European Union (EU28) export of goods to Iran stood at € 8,921 mn, a decrease of 18% compared with the year 2017. According to the latest (preliminary) data by Eurostat, the statistical office of the European Union, 30% of the EU-exports to Iran came from Germany, which delivered goods worth €2,709 mn, that was 8% less than in the previous year. Second (19%) was Italy with exports worth € 1,688 mln (-3%), followed by France (€ 896 mn, -40%), the Netherlands (€ 735 mn, -31%) and Spain (€ 585 mn, +33%). Comparing December 2018 with October 2018 (November was the start of the reactivation of all US-sanctions) the exports of the most important countries were less than in the month before: EU (-63%), Germany (--72%), Italy (-67%), France (-78%), the Netherlands (-40%) and Spain (-33%).
In the year 2018 the 28 EU countries imported goods worth € 9,473 mn from Iran, (a decrease of 6% compared with the year 2017). Major Iranian exports to the European Union go to Italy, which imported goods worth € 2,925 mn from Iran (-13%) followed by Spain (€ 2,025 mn, +32%), France (€ 1,530 mn, -33%), Greece (€ 1,242 mn, -2%), Austria (€ 454, +292%) and Germany (€ 405 mn, +7%). Compared to October 2018 the exports of Iran to the EU was 79 % less in December 2018 (Italy -97%, Spain -96%, France -50%, Greece +98%, Austria -96% and Germany -46%).