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PRODID:-//DIIHK//Events//FA
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BEGIN:VEVENT
UID:event-1012@diihk.com
DTSTAMP:20260901T111832Z
DTSTART:20241218T135308Z
DTEND:20241218T135308Z
SUMMARY:1% Decline in Trade Between Iran and the European Union
DESCRIPTION:1% Decline in Trade Between Iran and the European Union		\n		A
 lthough Iran's exports to the EU-27 continued their upward trend from Jan
 uary to October 2024\, a decline in Europe's exports to Iran has pushed m
 onthly trade volumes to their lowest point since January 2021.\nAccording
  to Eurostat\, the total trade volume between Iran and the EU-27 from Jan
 uary to October 2024 amounted to €3.77 billion. This represents a 1% de
 cline compared to the same period in 2023. During this period\, the EU-27
 's exports to Iran exceeded €3 billion\, marking a 2% decrease compared
  to the previous year. However\, Iran's exports to the EU-27 saw a 6% inc
 rease\, rising from €654 million in 2023 to €695 million in 2024.\nIn
  October 2024\, trade volume stood at €300 million\, a 19% decrease com
 pared to €369 million in October 2023\, marking the lowest level since 
 January 2021. Of this €300 million\, Iran's exports accounted for €65
  million\, showing a 9% increase\, while the EU-27's exports to Iran drop
 ped by 24%\, reaching €235 million.\nGermany remains Iran's largest tra
 ding partner within the EU-27 members\, with a trade volume of €1.23 bi
 llion. It is followed by Italy (€585 million)\, the Netherlands (€512
  million)\, Belgium (€281 million)\, and France (€234 million) as Ira
 n’s top European trading partners.\n					\n									Full details of Ira
 n and EU-27 trade - January to October 2024\n					
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