EU-Iran Foreign Trade in the first quarter of 2019 generated 1260 million Euro. The 28 EU countries exported goods worth € 1042 mn Euro to Iran and imported goods worth € 218 mn. Germany was the most important EU trade partner of Iran, with a trade volume of 394 million Euro, followed by Italy (200 mn Euro) and Belgium and Luxemburg (100 mn Euro).
The European Union (EU28) export of goods to Iran stood at 1042 million Euro, a decrease of 56% compared with the first quarter in 2018. According to the latest data by Eurostat, the statistical office of the European Union, 33% of the EU exports to Iran came from Germany, which delivered goods worth €339 million, that was 50% less than in the first quarter of 2018. Second (16%) was Italy with exports worth € 162 million (-60%), followed by France (€ 91 million, -63%) and the Netherlands (€ 89 million, -58%).
In the first quarter of the year 2019 the 28 EU countries imported goods worth € 218 million from Iran, (a decrease of 92% compared with the first quarter of 2018). Major Iranian exports to the European Union (25%) go to Germany, which imported goods worth € 55 million from Iran (-42%), followed by Belgium and Luxemburg (€ 49 million, +76%) and Italy (€ 38 million, -95%).