Trade between Iran and EU member states during January-March 2020 stood at 1.16 billion Euro to register a 0.22 percent decline compared with the first quarter in 2019, latest data provided by Eurostat, the European Statistical Office show.

The 27 members of the European Union, exported goods to Iran in the first quarter 2020 worth 940 million Euro, a decrease of 5 percent compared to the similar period last year. Almost one third of European exports to Iran were machinery and vehicles worth 302 million Euro.

Germany is as always the biggest European exporter to Iran. The data of Eurostat show that 45 percent of the EU exports to Iran came from Germany, which delivered goods worth 424 million Euro, 26 percent more than the first quarter 2019.

Second European exporter was Italy with exports worth 137 million Euro (-16 percent), followed by the Netherlands 82 million Euro and France, which delivered good worth 50 million Euro, 45 percent less than the first three months in 2019.

The imports from Iran to EU from January to March 2020 increased about 27 percent compared with last year to 226 million Euro. One third of the Iranian exports included edible fruit and nuts worth 70.95 million Euro.

German-Iranian trade increased 19%

Germany is at the same time the largest European importer of Iranian goods. 30 percent of Iranian exports to EU go to Germany, which imported goods worth 67 million Euro from Iran. 22 percent more than the first quarter last year.  According to the German Federal Statistics Office, the German-Iranian trade volume increased by 19 percent in the first quarter of 2020 in comparison with the same period in 2019. The foreign trade between the two countries from the beginning of 2020 to the end of March amounted to 493 million euros.

The biggest European importers after Germany are the Netherlands (47 million Euro), Italy (36 million Euro) and Spain (23 million Euro).