The volume of trade between Iran and Germany exceeded one billion euros
22.10.2024Eight Months, Three Billion Euros: Trade Volume Between Iran and Europe
In the first eight months of 2024, trade volume between Iran and the European Union reached 3.1 billion euros, marking a 2% increase compared to the same period last year.
According to Eurostat data, from January to August 2024, trade volume between Iran and the EU-27 reached 3.1 billion euros, a 2% increase over the previous year. Of this total, European exports to Iran accounted for 2.54 billion euros, up 2%, while Iran’s exports to Europe totaled 561 million euros, reflecting a 5% increase.
The largest category of goods imported by Iran from Europe in the first eight months of 2024 was machinery and transport equipment, valued at 9.3 million euros, a 5% increase over the previous year. Meanwhile, the largest category of Iranian exports to Europe was food and live animals, totaling 201 million euros—a 26% rise. Among Iranian exports to Europe, the two fastest-growing categories were beverages and tobacco, which grew by 224%, and animal and vegetable oils, fats, and waxes, which increased by 244%.
Germany is Iran’s top trading partner in Europe, accounting for approximately 30% of Iran’s total trade with EU member states. Italy, the Netherlands, and Belgium follow in the subsequent ranks.
