The EU-Iran foreign trade from January to October in 2019 generated 4,31 billion Euro.
According to the latest data by Eurostat, the statistical office of the European Union, the 28 members of European Union exported goods worth 3,724 billion Euro to Iran, a decrease of 53 percent compared with the same period last year. Iran exported goods worth 586 million Euro. 94 percent less than last year.
The main reason for the decline in trade between Iran and EU is the US secondary sanctions, which have been fully reactivated since November 2018, after the United States unilaterally withdrew from the Iran nuclear deal in May 2018.
Biggest European exporter to Iran is still Germany. One third of the European exports to Iran come from Germany, which delivered goods worth 1,21 billion Euro, 50 percent less than in the first ten month of 2018. Germany is also the biggest European importer from Iran. Goods worth 161 million Euro were exported from Iran to Germany, 56 percent less than the first months last year.
According to the German Federal Statistical Office, the most important groups of goods for German delivered to Iran in the first ten months of 2019 were machinery and mechanical equipment (348 million euros), pharmaceutical products (177 million euros), optical and photographic products (104 million euros), electrical products (96 million euros) and crop (69 million euros). Iranian exports to Germany in the mentioned period consisted of fruits and nuts worth 51 million euros, other goods of animal origin (26 million euros), pharmaceutical products (27 million euros) and carpets (19 million euros).
Second European exporter to Iran is Italy with exports worth 683 million Euro from January to October, 54 percent less than last year. Followed by the Netherlands (400 million Euro) and France (315 million Euro).
Biggest European importer after Germany is Italy, with imports worth 134 million Euro, 95 percent less than the same period in 2018. Third European importer is Spain, which imported goods worth only 64 million Euro, a decrease of 97 percent compared to last year. Italian and Spanish refineries do not buy oil from Iran anymore, since the US sanctions have been reinstated.