The trade between Iran and 27 members of the European Union from January to September 2020 stood at €3.345 billion, 11 percent less than the figure in the first nine months last year and a fifth to the trade volume in the same period in 2018, before the unilateral US secondary sanctions against Iran were reimposed.

Iran exported 563 million Euro worth of commodities to the European Union states in the nine-month period this year, an increase of 13 percent compared to the same period in 2019.

Valued at 222 million Euro, foodstuff and livestock groups had the biggest share of the Iranian exports to the EU during the period under review, followed by chemicals and related products with about 110 million Euro of exports.

Meanwhile, the EU exported 2.783 billion Euro worth of goods in the mentioned time span, a 15 percent decline compared to 2019. The highest value of Iran’s imports from the EU during the first nine months was related to machinery and transportation equipment with 887 million Euro of imports.

Among the European countries, Germany is the biggest trade partner for Iran.

From January to September 2020, German-Iranian foreign trade rose to 1,320 million Euro, an increase of 5 percent over the same period last year. Germany supplied goods worth 1,109 million Euro in the time span, one percent more than 2019.

Iranian deliveries to Germany amounted to 211 million Euro, with an increase of 36 percent.  The most important product groups for German deliveries to Iran, according to the German Federal Statistical Office, were machinery, apparatus and mechanical equipment (225 million Euro), grain (205 million Euro), pharmaceutical products (150 million Euro), optical, photographic, etc. products (86 million Euro) and electrical engineering products (68 million Euro).

Iranian deliveries to Germany in the reporting period consisted of edible fruits and nuts worth 97 million euros, other goods of animal origin (hides and sheep intestines) (26 million euros), pharmaceutical products (24 million euros), shellac, gums, resin, plant juice (13 million euros) and carpets (11 million euros).