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21.04.2025Decline in Iran-EU Trade in the First Two Months of 2025
Due to a decrease in the export of food and live animals, as well as transport equipment and machinery and equipment from Europe to Iran, the volume of trade between Iran and the European Union fell by 17% between January and February 2025, reaching €703 million.
According to Eurostat data, the total trade volume between Iran and the EU during the first two months of 2025 amounted to approximately €703 million, representing a 17% decline compared to the same period in the previous year (€847 million). European exports to Iran stood at €583 million (-17%), while Iran’s exports to Europe totaled €120 million (-17%). The primary factors contributing to this decline were a 47% reduction in exports of food and live animals and a 28% decrease in exports of transport equipment and machinery and equipment from Europe to Iran.
In February 2025 alone, the trade volume between Iran and the EU reached €348 million, marking a nearly 26% decrease compared to February 2024. European exports declined from €391 million to €288 million, while Iranian exports fell by 22% to €59 million.
The leading category of goods imported by Iran from Europe, based on the SITC standard classification, was chemicals and related products, n.e.s., valued at €186 million (+5%). The main category of goods exported by Iran to Europe was food and live animals, valued at €59 million (-1%). Germany remains Iran’s largest trading partner within the European Union, accounting for over 30% of Iran-EU trade.