Four Percent Growth in Iran-Germany Trade in 2024

According to the German-Iranian Chamber of Industry and Commerce and based on data from Germany’s Federal Statistical Office, trade between Iran and Germany increased by four percent in 2024, amounting to 1.5 billion euros, compared to 1.45 billion euros in 2023. During this period, Germany’s exports to Iran rose by six percent to 1.28 billion euros, while Iran’s exports to Germany declined by eight percent to 226 million euros.

Statistics for December 2024 show that bilateral trade reached 134 million euros, marking a one percent increase compared to December 2023. Germany’s exports for the month totaled 116 million euros, reflecting a six percent rise, whereas Iran’s exports dropped by 26 percent to 17 million euros.

Traded Goods in 2024

According to the Standard International Trade Classification (SITC), the leading category of goods exported from Germany to Iran in 2024 was machinery and transport equipment (SITC-7), valued at 520 million euros. This was followed by chemicals and related products (SITC-5), worth 440 million euros. Imports of these two categories into Iran grew by one percent and 14 percent, respectively, in 2024. However, Germany’s food exports to Iran decreased by 14 percent.

Iran’s top export to Germany in 2024 was food and live animals (SITC-0), amounting to 107 million euros, with a 23 percent growth compared to the previous year. Meanwhile, exports of non-edible, non-fuel raw materials (SITC-2) declined by 25 percent, reaching 60 million euros.