Publishe Date: 1:49 PM - 7/2/2017 | Print

500% increase in Iran’s exports to Europe

Economy - Iran’s exports to European Union have increased 500% to reach € 3.4b in the first 4 months of 2017 compared to the same period in 2016.

According to the Statistical Office of the European Communities (Eurostat), the comparison also shows 127% increase in commercial exchange between Iran and EU countries, reaching from € 2.9b to € 6.55b.

Europe’s exports to Iran also show a 44% increase, reaching € 3.15b. It was € 2.17b in the first four months of 2016.

The changes are due to termination of oil sanctions and Europe’s restarting to buy oil from Iran.

 

Tags: Economy -
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