Iran’s Q1 trade with EU surges by 22% to €1.3 billion

Iran and the European Union’s 27 member states traded €1.33 billion worth of goods in the first three months of 2022, registering a 22% growth compared with last year’s corresponding period.

Iran and the European Union’s 27 member states traded €1.33 billion worth of goods in the first three months of 2022, registering a 22% growth compared with last year's corresponding period.

Data released by Eurostat's database show Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged €504.54 million worth of goods, 15.64% higher than the year before. 

Italy came next with €154.83 million worth of trade with Iran. A year-on-year comparison of trade volume indicates a 4.8% growth. 

The Netherlands with €109.2 million (down 16.57%) and Spain with €98.82 million (up 31.87%) were Iran's other major European trade partners.

Romania registered the highest growth of 89.67% in trade with Iran during the period under review and was followed by Croatia with 79.95%.

News Code 193822

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