IMF’s New Report on the Global Economic Outlook
15.10.202520% Drop in Iran-Europe Trade
In the first eight months of 2025, Iran and the EU-27 conducted nearly €2.5 billion in trade, marking a 20% decrease compared to the previous year.
According to Eurostat data, the trade volume between Iran and the EU from January to August 2025 was €2.49 billion, a 20% decline compared to the same period last year. Of this amount, Europe’s trade with Iran dropped by 24%, from €2.55 billion in 2024 to €1.96 billion in 2025. Iran’s exports decreased by 5%, from €562 million to €531 million in 2025.
In August 2025, trade between Iran and Europe fell 8% compared to August 2024, reaching €311 million. Of this, European exports were €255 million (down 10%) and Iranian exports €56 million (down 1%).
According to the SITC commodity classification, Europe’s largest export group to Iran was chemicals, totaling €686 million (down 8%). Machinery and transport equipment, which were Europe’s top exports to Iran last year, fell 41% and ranked second. Iran’s largest export group to Europe was food and livestock, totaling €239 million (up 17%).
Germany remains Iran’s top trading partner in Europe, accounting for over 30% of Iran’s trade with the continent (€806 million). The Netherlands and Italy follow with €393 million and €358 million, respectively.
