Export of German machinery to Iran worth 500 million euros in 2023

According to the Federal Statistical Office, the transaction volume between Iran and Germany amounted to €1.45 billion in 2023, a decrease of 23% compared to 2022 (€1.81 billion). Of this amount, EUR 1.2 billion was attributable to German exports to Iran, a decrease of 24% compared to 2022 (EUR 1.58 billion). On the other hand, Iran exported goods worth almost 245 billion euros to Germany, a decrease of 18% compared to the previous year.

The largest group of goods exported from Germany to Iran in 2023 were Machinery and transport equipment with a volume of 514 million euros and chemical products with 388 million euros (increase of 17% and decrease of 1% respectively compared to the previous year). Food and live animals, which were the largest exports from Germany to Iran last year with a volume of 485 million euros, were exported to Iran this year for 28.5 million euros, a decrease of 94%. In contrast, most goods exported from Iran to Germany are Food and live animals at 87 million euros and Crude materials, inedible, except fuels materials at 80 million euros (down 12% and 36% respectively compared to the previous year).

In December 2023, the volume of trade between the two countries was 133 million euros, which has decreased by one percent compared to 134 million euros in December 2022. In this month, Iran’s exports to Germany increased by 11% and reached 23 million euros from 20.6 million euros in 2022. Germany also exported 110 million to Iran, which has decreased by four percent compared to last year.