Trade between Iran and 27 EU member states (without the United Kingdom) during January-June 2020 stood at 2.24 billion Euro to register a 10 percent decline compared with the same period last year, according to the latest data by Eurostat, the statistical office of the European Union.
3% decrease in Iranian exports
Iran exported 348 million Euro worth of commodities to the EU member countries in the first four months of 2020, indicating a 3 percent fall. The exported goods to the EU mainly included fruits and nuts; mineral fuels, mineral oils and “products of their distillation”.
Most of the Iranian exports to the European Union in the first half of 2020, 38 percent, went to Germany. Iranian deliveries to Germany amounted to 137 million euros, 25 percent more than last year. According to the German Federal Statistical Office, Iranian exports to Germany in the first half of 2020 included fruits and nuts worth 61 million Euro, goods of animal origin worth 15 million Euro, pharmaceutical products (13 million Euro), shellac, gums, resin, plant juice (9 million Euro) and carpets (7 million Euro).
The Netherlands and Italy remain the second and third biggest importers from Iran in the EU, with each 52 million Euro of imports.
22% increase in German-Iranian trade
In the first six months of this year, the EU exported goods worth 1,892 million Euro to Iran, 7 percent less than the same period in 2019.
42 percent of the EU exports to Iran came from Germany, which delivered goods worth 803 million Euro, with an increase of 22 percent compared to last year. The most important groups of goods for German exports to Iran from January to June 2020 were grain (205 million Euro), machinery and mechanical equipment (152 million Euro), pharmaceutical products (100 million Euro), optical and photographic products (53 million Euro), electrical engineering products (45 million Euro) and rail vehicles (36 million euros).
Germany remains the most important European trade partner of Iran. In the first half of 2020, German-Iranian foreign trade rose to 940 million euros, an increase of 22% over the same period last year.
Italy second exporter in EU
Second biggest European exporter to Iran remains Italy, with 14 percent of the EU exports worth 274 million Euro (-24 percent), followed by the Netherlands (185 million Euro).