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PRODID:-//DIIHK//Events//FA
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UID:event-1070@diihk.com
DTSTAMP:20260901T111942Z
DTSTART:20240124T141057Z
DTEND:20240124T141057Z
SUMMARY:The trade volume between Iran and Europe exceeded four billion eur
 os
DESCRIPTION:The trade volume between Iran and Europe exceeded four billion
  euros		\n		Trade between Iran and the EU-27 from January to November 202
 3 reflects both challenges and positive developments: from a 12 percent d
 ecline in trade volume in the first eleven months of 2023 to a 6 percent 
 increase in November 2023.\nAccording to Eurostat\, the total volume of t
 ransactions between Iran and Europe from January to November 2023 amounte
 d to 4.2 billion euros\, a decrease of 12% compared to the same period la
 st year (4.8 billion euros). European exports accounted for EUR 3.5 billi
 on of this figure\, a decrease of 9% compared to the previous year. Irani
 an exports fell significantly\, from 382 million euros last year to 736 m
 illion euros\, a decrease of 25%.\nIn the mentioned period\, the largest 
 group of goods exported from Europe to Iran was Machinery and transport e
 quipment with 1.24 billion euros\, and on the other hand\, the largest ex
 port of Iran to Europe was Food and live animals and food with 225 millio
 n euros.\nThe statistics for November 2023 show a more positive balance. 
 In this month\, the total volume of trade between Iran and the European U
 nion amounted to 454 million euros\, an increase of 6 percent compared to
  the previous year (477 million euros). European exports to Iran increase
 d by 10%\, reaching 370 million euros compared to 336 million euros in th
 e previous year. However\, Iran's exports to Europe continue to decline. 
 This month\, Iran exported 84 million euros to Europe\, a decrease of 9 p
 ercent compared to the previous year. The positive growth observed in Nov
 ember 2023 indicates a possible improvement and flexibility in trade rela
 tions between Iran and the European Union. The increase in European expor
 ts this month could indicate an improvement in economic conditions or a c
 hange in market demand.\nGermany is Iran's top trading partner in Europe\
 , followed by Italy\, the Netherlands\, Belgium and France.\n			\n						F
 ull details of Iran and Europe trade - January to November 2023\n					
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