EU-Iran Foreign Trade from January till March 2020 generated 1,166 million Euro.
The 27 EU countries (without the United Kingdom) exported goods worth € 940 million Euro to Iran and imported goods worth € 226 million. Germany was the most important EU trade partner of Iran, with a trade volume of 491 million Euro, followed by Italy (173 million Euro) and the Netherlands 129 million Euro).
The European Union (EU27) export of goods to Iran in the first quarter 2020 stood at 940 million Euro, a decrease of 5% compared to the first quarter 2019. According to the latest data by Eurostat, the statistical office of the European Union, 45% of the EU exports to Iran came from Germany, which delivered goods worth €424 million, that was 26% more than in January till March 2019. Second (14%) was Italy with exports worth € 137 million (-16%), followed by the Netherlands (€ 82 million, -9%) and France (€ 50 million, -45%).
In the first quarter 2020 the 27 EU countries imported goods worth € 226 million from Iran, (+27 %). Most of the Iranian exports to the European Union (30%) go to Germany, which imported goods worth 67 million from Iran (+22%), followed by the Netherlands (€ 47 million, +877%), Italy (€36 million, -5%) and Spain (€23 million, +35%).