The foreign trade between the European Union and Iran generated 1,089 million Euro in the first three months of 2021, which is six percent less than the same period of last year. The decline is mainly due to the restrictions in trade caused by the Covid19 pandemic.

According to the latest data by Eurostat, the statistical office of the European Union, the 27 member countries of the EU exported goods worth 891,3 million Euro to Iran from January to March this year, which shows a decrease of four percent compared to the same period in 2020. 34 percent of the exports from the EU consisted of machinery and transport equipment and 24 percent of chemicals and related products.

With a share of 40 percent of the total exports, biggest exporter to Iran in the EU in the first quarter was Germany. German exporters delivered goods and services to Iran worth 365.3 million Euro. Second and third biggest European exporters to Iran were the Netherlands (122,3 million Euro) and Italy (101,08 million Euro).

Imports from Iran 12% down

The exports from Iran to the EU in the first three months in 2021 decreased 12 percent compared to the same period in 2020. In the first quarter the 27 EU countries imported goods worth 197,8 million Euro from Iran. 45 percent of the total imports from Iran consisted of food and live animals.

Germany remains also the biggest importer from Iran in the EU. 37 percent to the EU of the Iranian exports in the first three months this year went to Germany. Italy (23 percent) and Spain (10 percent) were the next biggest European importers from Iran in this period.