TEHRAN, IRAN – The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member states traded over US$5 billion (€4.7 billion) worth of goods in 2023.
Trade between Iran and the member states of the European Union recorded a decrease of 9 percent from January to December 2023, according to the latest report published by Eurostat.
During that period, the exchange of products between Iran and the EU member states was valued at US$5 billion (€4.732 billion), down from US$5.6 billion (€5.244 billion) in the same period in 2022.
According to the statistics, in the same period in 2022, the exchange of products between Iran and the EU member states was valued at US$5.6 billion (€5.244 billion).
Germany emerged as the top trading partner among the European Union member states, accounting for 36 percent of Iran’s total trade volume with Europe, while Italy, Netherlands, Belgium and France stood in the next places.
The export of products from the EU to Iran in this period registered a 6 percent decline compared to the same period in 2022.
The source added that the 27 member states imported US$860 million (€799 million) worth of products from Iran, marking a 24 percent slump compared to the same period last year.
