EU Exports of Machinery and Transport Equipment to Iran Decline by 39 Percent

Based on Eurostat data, trade volume between Iran and the European Union amounted to €3.4 billion in the period from January to November 2025, representing a 19 percent decrease compared to the same period last year. The main driver of this decline was the significant reduction in European exports to Iran. EU exports to Iran reached €2.67 billion, down 21 percent year on year. In contrast, Iranian exports to the EU totaled €700 million, recording a more moderate decline of 9 percent.

In November 2025, bilateral trade amounted to €276 million, reflecting a 26 percent decrease compared to November 2024. European exports declined by 21 percent to €234 million, while Iranian exports fell sharply by 46 percent to €42 million.

The structure of EU exports to Iran was mainly dominated by Chemicals and related products, n.e.s. (SITC 5), with a value of €976 million, representing a 4 percent decrease. This was followed by Machinery and transport equipment (SITC 7) amounting to €722 million, down 34 percent.

Iranian exports to the EU remained largely concentrated in Food and live animals (SITC 0) with a value of €304 million, as well as Manufactured goods classified chiefly by material (SITC 6) totaling €152 million.

Germany remained Iran’s largest trading partner within the European Union, accounting for the highest share of both exports to Iran and imports from Iran. The Netherlands, Italy, France, and Spain followed as other key European trading partners.