Trade between Iran and EU member states during the first 11 months of 2019 stood at 4.73 billion Euro. 73.45 percent less than the same period last year.

Latest data released by the European Statistical Office show that the 28 EU coun­­tries exported goods worth 4,085 million Euro to Iran, a decrease of 52 percent compared with the first eleven month of 2018. Iran exported goods worth 648 million Euro to EU, 93 percent less than last year. Mainly because of stop of export of oil to Europe from November 2018, when the unilateral US secondary sanctions were reinstated.

Germany was the most important EU trade partner of Iran, with a trade volume of 1,520 million Euro, followed by Italy (889 million Euro) and the Netherlands (468 million Euro). Germany, the biggest European exporter to Iran, delivered goods worth 1,343 million Euro, 48 percent less than in the first eleven month of 2018. Iran exports to Germany amounted to 191 million euros from January to November 2019, 55 percent than last year.

Italy, the second biggest European exporter to Iran, exported goods worth 746 million Euro in the first eleven months of 2019, with a decrease of 53 percent compared to last year.  Netherlands delivered goods worth 439 million Euro (-37%) and exports from France to Iran were worth 345 million Euro (-60%).