The foreign trade between the 27 member countries of the European Union and Iran generated 4,463 million Euro in 2020. 12 percent less than 2019.
According to the latest data by Eurostat, the statistical office of the European Union, the EU exported goods worth 3,750 million Euro to Iran, which shows a decrease of 15 percent. 41 percent of the exports (1549 million Euro) from the EU to Iran came from Germany. Second and third biggest European exporters to Iran were Italy (561 million Euro) and the Netherlands (363 million Euro).
The exports from Iran to the EU in 2020 on the other side, increased five percent compared to 2019. Last year the 27 EU countries imported goods worth 713 million Euro from Iran. 37 percent of the Iranian exports to the EU (264 million Euro) went to Germany. The Netherlands (114 million Euro) and Italy (107 million Euro) were the next biggest European importers from Iran in 2020.
Iran exports to Germany increases 32 percent
Germany remains the most important EU trade partner of Iran, with a trade volume of 1,823 million Euro. The trade volume between the two countries in 2020 increased by 6 percent compared to the previous year.
Figures from the Federal Statistical Office, DESTATIS, show that in 2020, Germany exported goods worth 1,549 million Euros to Iran, two percent more than to 2019. Iran had exports worth 274.2 million Euro to Germany last year, which shows an increase of 32 percent.
Almost one third of the German exports to Iran in 2020 consisted of machinery and equipment, electronic products worth 555 million euros. Second important exports of Germany to Iran were chemical products worth 372 million Euro. Germany mostly imported fruits and nuts from Iran worth 123 million Euro, which accounted for 45 percent of the country’s total imports from Iran.