Iran-Germany Trade Report: January to September 2024

Germany will hold a parliamentary election, following the collapse of German Chancellor Olaf Scholz’s three-party coalition last week.

The German-Iranian Chamber of Commerce and Industry recently held a ceremony in honor of the life and legacy of Ali Soleimani (Haj Seyed Soleiman), founder of Nik Kala and a prominent member of the chamber.

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.

In the first eight months of 2024, Iran and Germany exchanged one billion euros of goods, which has increased by 10% compared to the same period last year.

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While the current trade volume between Iran and Europe remains significantly lower than pre-sanction levels, there has been notable improvement compared to last year. Trade relations between Iran and the EU-27 are gradually experiencing more favorable conditions.

The trade relationship between Iran and Germany maintained its upward trajectory from January to July 2024, with the total trade volume reaching €888 million, marking a 9% increase compared to the same period in 2023.

On August 27, 2024, the Annual Ordinary General Assembly of the German-Iranian Chamber of Industry and Commerce was held in the Kooh-Noor Hall of the Parsian Evin Hotel in Tehran. During the meeting, the members approved all the reports presented and elected the auditor, inspector, and the official newspaper for the upcoming term.