Trade between Iran and EU member states during January-September stood at 3.86 billion Euro to register a 74.92 percent plunge compared with last year’s corresponding period, latest data provided by the European Statistical Office show.

Iran exported 513.62 million Euro worth of commodities to the EU, indicating a 94 percent fall, and imported 3.35 billion Euro in return to register a 51.15 percent year-on-year decline.

Germany was the most important EU trade partner of Iran, with a trade volume of 1,237 million Euro, followed by Italy (735 million Euro) and the Netherlands (377 million Euro).

According to the latest data by Eurostat, 33 percent of the EU exports to Iran came from Germany, which delivered goods worth 1,094 million Euro, 46 percent less than the same period last year. 18 percent of the exports from EU was delivered by Italy, with exports worth 615 million Euro 48 percent less than 2018. Third European exporter to Iran in the first nine months this year was the Netherlands (363 million Euro, -40%), followed by France (283 million Euro, -61%).