According to Eurostat data, the trade value between Iran and member states of the European Union (EU) was €847 million in February 2024, showing a 30% increase from the same period in the previous year.
The report states that the trade value between the two sides was €780 million in February 2023.
As reported, the EU’s exports to Iran in February 2024 stood at €392 million, registering a 32 percent increase compared to the same month in 2023 when the EU’s exports to Iran were reported to be €297 million.
The European Union's imports from Iran also reached €76 million in the mentioned month with a 24 percent increase compared to 2023. EU imported €61 million of goods from Iran in February 2023.
According to Eurostat, Germany was Iran’s top trade partner in Europe in February.
Germany exported €141 million of goods to Iran and imported €19 million from Iran. German exports to Iran grew by 46 percent year on year, but imports didn’t change much.
AMK/TT
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