Trade between Iran and the EU-27 from January to November 2023 reflects both challenges and positive developments: from a 12 percent decline in trade volume in the first eleven months of 2023 to a 6 percent increase in November 2023.

Although trade between Iran and Germany continues to decline compared to the previous year, Iranian imports of machinery from Germany have increased.

While German exports fell by five percent in November 2023 compared to the same month last year, German exports to Iran rose by 1.6 percent in the same month.

Germany’s Economics Minister Robert Habeck has great hopes for Oman as a future hydrogen producer according to dpa.