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Iran-EU Trade from January to November 2018 less than 18 Billion Euro

EU-Iran Foreign Trade in the first eleven month of the year 2018 reached 17.853 billion Euro.

The 28 EU countries exported goods worth € 8,504 bn to Iran and imported goods worth € 9.349 bn. As a result, trade balance between Iran and EU stood at € 845 mln in favor of Iran. Italy was the most important EU-trade partner of Iran, with a trade volume of 4,514 million Euro, followed by Germany (2,991 mn Euro), Spain (2,567 mn Euro) and France (2,401 mn Euro).

From January to November 2018 the European Union (EU28) export of goods to Iran stood at € 8,504 mn, a decrease of 11% compared with the first eleven month in 2017. According to the latest (preliminary) data by Eurostat, the statistical office of the European Union, 31% of the EU-exports to Iran came from Germany, which delivered goods worth €2,602 mn, that was 1% less than in the period of previous year. Second (19%) was Italy with exports worth € 1,594 mln (+4%), followed by France (€ 872 mn, -33%), the Netherlands (€ 696 mn, -24%) and Spain (€ 548 mn, +49%). Comparing November with October 2018 the exports of the most important countries were less than in the month before: EU (-28%), Ger (-58%), It (-50%), Fr (-68%), NL (-60%) and Spain (-66%).

From January to November 2018 the 28 EU countries imported goods worth € 9,345 mn from Iran, (an increase of 1% compared with the same period in 2017). Major Iranian exports to the European Union go to Italy, which imported goods worth € 2,920 mn from Iran (-3%) followed by Spain (€ 2,019 mn, +54%), France (€ 1,529 mn, -29%), Greece (€ 1,238 mn, +3%), Austria (€ 452, +294%) and Germany (€ 389 mn, +9%). Compared to October the exports of Iran to the EU was 64 % less in November 2018 (I -61%, SP -97%, Fr -2%, Gr +9%, Au -99%, D -33%)

SANARATE.IR

Die iranische Zentralbank veröffentlicht auf https://sanarate.ir neben dem durchschnittlichen Devisenkurs der Wechselstuben (von Vortag, Woche und Monat) sowie dem Nima-Kurs nun auch wieder die aktuellen Devisenkurse bei Bargeld An- und Verkauf.

Customs' Emergency Plan for Speedy Import Clearance

Financial Tribune: Under orders from its newly-appointed chief, Mehdi Mirashrafi, IRICA has recently introduced an emergency plan to speed up the clearance of imports and reduce the pile-up of goods at ports, particularly containers accumulated at the southern port of Shahi.

IRICA has recently introduced an emergency plan to speed up the clearance of imports and reduce the pile-up of goods at customs and ports. The order issued by the Islamic Republic of Iran Customs Administration's newly-appointed chief, Mehdi Mirashrafi, pertained to containers accumulated at the southern port of Shahid Rajaee, IRICA’s news service reported. IRICA says a total of 18,871 out of 42,000 shipping containers of merchandise piled up at customs terminals across the country in the nine months ending Dec. 21, 2018, have been declared abandoned. More than 90% of the goods marked as abandoned due to complications associated with customs clearance had completed import order registration.

Erste Daten zum Deutsch-Iranischen Außenhandel

Das Statistische Bundesamt hat erste Zahlen zum deutschen Außenhandel mit Iran im Monat November veröffentlicht. Demnach lieferte Deutschland im Monat November Waren im Wert von 167 Mio. Euro nach Iran; das sind 43% weniger als im November 2017. Vergleicht man die Exporte von Januar bis November 2018, so lieferte Deutschland Waren im Wert von 2.601 Mio. Euro nach Iran; das sind 2% weniger als in den elf Monaten des Vorjahres.

Die iranischen Lieferungen nach Deutschland sanken im November gar um 60% auf 21 Mio Euro, währende Iran von Januar bis November Waren im Wert von 420 Mio Euro nach Deutschland lieferte, ein Anstieg von 8%.

Iran 9-Month Auto Production Report (Dec 2018)

Financial Tribune: During the nine months to Dec. 21, 2018 Iran’s auto production plunged to 763,519 cars and commercial vehicles - a 31% year-on-year drop.

According to Ministry of Industries data, during the nine-month period, 713,233 cars were produced, down 31.2% compared to 1,037,374 units made during the same period last year. During the period, 50,101 trucks, buses, minibuses and pickups were made, indicating a 27.4% YoY decline. Following the re-imposition of US sanctions, the Iranian economy is facing challenges and the rial has tanked, losing more than 60% of its value this year. The industrial sector is believed to be hit the worst due to its dependence on imports and the increasing reluctance of foreign companies to sell to Iran fearing the wrath of the openly hostile US administration.

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