Trade between Iran and EU member states during January-February stood at 787.66 million Euro to register a 9.17 percent increase compared with the similar period of 2019, latest data provided by Eurostat, the European Statistical Office, show.
Although the UK remains part of the EU customs union and single market during the transition period after withdrawing from the EU, known as “Brexit”, the country is no longer part of the EU’s political bodies or institutions. Hence, trade with the UK is not included in this report that covers data on the current 27 EU members.
Germany, Italy and the Netherlands were Iran’s top three trading partners in the European bloc.
The 27 members of European Union exported goods worth 622 million Euro to Iran in the first two months of 2020, an increase of 2.61 percent compared with the period last year. While Iran exported 165.65 million Euro worth of commodities to the EU during the period, indicating a 43.68 percent rise compared with the similar months of 2019.
The top five exporters from the European bloc to Iran were Germany with shipments worth 257.33 million Euro, Italy 91.85 million Euro, the Netherlands 60.92 million Euro, France 39.69 million Euro and Belgium 34.87 million Euro.
Germany the biggest exporter
Germany is still the biggest European exporter to Iran. More than one third of the European exports to Iran from January to February came from Germany.
German-Iranian foreign trade rose to 308 million euros in these two months, an increase of 18 percent over the previous year.
The most important groups of goods for German deliveries to Iran, according to the German Federal Statistical Office, were machinery, apparatus and mechanical equipment (22 percent), grain (16 percent), pharmaceutical products (10 percent), electrical engineering products (8 percent), optical and photographic products (5 percent) and rail vehicles (5 percent).
Iranian exports to Germany amounted to 51 million euros, 24 percent more the first two months in 2019. The exports included fruits and nuts (47 percent), pharmaceutical products (18 percent), other goods of animal origin (12 percent), carpets (8 percent) and shellac, gums, resin, plant juice (8 percent).
The biggest importers
The biggest European importer after Germany is Italy, which imported goods worth 30 million Euro in the first two months from Iran. The Netherlands (29.28 million Euro), Spain (17.94 million Euro) and Belgium (9.56 million Euro) are also among the top five European importers from Iran in the first two months of 2020.
The United Kingdom officially withdrew from the European Union on January 31. The UK’s withdrawal, known as Brexit, began a transition period that is set to end on Dec. 31, during which the UK and EU will negotiate their future relationship.