Trade between Iran and EU member states in 2019 stood at 5,22 billion Euro to register a 71,54 percent decline compared with 18,35 billion Euro in 2018, latest data provided by Eurostat, the European Statistical Office, show.
The 28 members of European Union exported goods worth 4,52 billion Euro to Iran, a decrease of 49 percent compared with 2018. Iran exported goods worth 701 million Euro to the EU members, 93 percent less than the year before.
The foreign trade between the EU and Iran has been afflicted by 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.
Germany is still the biggest European exporter to Iran. One third of the European exports to Iran come from Germany, which delivered goods worth 1,51 billion Euro, 44 percent less than in 2018. Germany is also the biggest European importer from Iran. Goods worth 206 million Euro were exported from Iran to Germany in 2019, 53 percent less than the year before. This the lowest trade volume between Iran and Germany in the last 20 years.
Second European exporter to Iran in 2019 was Italy with exports worth 824 million Euro, followed by the Netherlands (484 million Euro), France (376 million Euro) and Belgium with (229 million Euro) million worth of shipments to Iran.
According to the data provided by Eurostat, Exports of the EU members to Iran in 2019 mainly included nuclear reactors, boilers, machinery and mechanical appliances (25 percent); pharmaceutical products (15%); optical, photographic, cinematographic, medical or surgical instruments and apparatus; parts and accessories (12%); electrical machinery and equipment; sound and television image recorders and reproducers.
Biggest European importer after Germany is Italy, with imports worth 152 million Euro, followed by Spain (81 million Euro), Belgium (39 million Euro) and Romania (38 million Euro). Imports from Iran included goods mainly included edible fruit and nuts; iron and steel worth; plastics; coffee, tea, maté and spices; carpets and other textile floor coverings; pharmaceutical products and products of animal origin