Increase in trade volume between Iran and Germany by 15 percent
21.04.2024
German Iranian chamber of Industry and Commerce branch at Khorramshahr Chamber
23.04.202437% increase in exports of live animals and food from Iran to Europe
According to Eurostat, Iran’s exports to the European Union continue to increase.
According to the European Union’s statistical office, after August 2023, when Iranian exports to Europe reached their lowest level in the last three years, Iranian exports to the EU-27 continued to rise until February 2024. From January to February 2024, the volume of trade between Iran and the European Union totalled €849 million, an increase of 9% compared to the same period last year. Of this amount, €704 million was accounted for by the share of European exports to Iran, which increased by 10%, and Iran also had €145 million in exports to Europe (four per cent positive).
In February 2024, the volume of trade between Iran and Europe totalled EUR 469 million, an increase of 31% compared to February 2023 (EUR 359 million) European exports to Iran reached €393 million in February 2024, an increase of 32% compared to the previous year Iran exported €76 million to Europe, an increase of 24%.
In the first two months of 2024, the largest commodity group exported from Europe to Iran was machinery and transport equipment worth 238 million euros (19% increase). On the other hand, the largest group of goods exported from Iran to the EU-27 was food and live animals (37% increase).
