The foreign trade between Iran and the European Union from January till November 2020 generated 4,022 million Euro.
In this period the 27 member countries of the EU exported goods worth 3.364 million Euro to Iran, 15 percent less than the first 11 months in 2019. According to the latest data by Eurostat, the statistical office of the European Union, 41 percent of the EU exports to Iran came from Germany. Second exporter is Italy, who exported 15 percent of the whole exports form the EU.
From January till November 2020 the EU imported goods worth 658 million Euro from Iran, with an increase of five percent compared to the previous year. Biggest European importer from Iran is Germany. 37 percent of the Iranian exports were delivered to Germany. The Netherlands, second importer in the EU from Iran, imported 112 million Euro of goods in the first 11 months in 2020, with an increase of 288 percent.
Germany remains the most important EU trade partner of Iran, with a trade volume of 1,622 million Euro, six percent more than the same period last year. According to data from the Federal Statistical Office, Germany supplied goods worth 1,369 million Euro, with an increase of two percent compared to last year. Iranian deliveries to Germany amounted to 253 million Euro, 32 percent more than the first 11 months in 2020.
The most important products in German shipments to Iran are machinery, cereals, pharmaceuticals, optical and photographic products and electrotechnical products. Iranian exports to Germany during the mentioned period included mostly fruits and nuts, pharmaceuticals, goods of animal origin and carpets.