German-Iranian Chamber of Industry and Commerce and NexGen Host Joint Meeting with Iranian Ceramic Association
11.08.2024
Iranian-German Trade Sees 7% Growth in First Half of 2024
21.08.20242024 H1 report on trade between Iran and Europe
The trade volume between Iran and the EU-27 from January to June 2024 reached 2.36 billion euros, which has increased by one percent compared to the first half of the previous year.
According to Eurostat, in the first half of 2024, Iran and the EU-27 had 2.36 billion euros in trade, which is a one percent increase compared to last year. Out of this amount, 1.92 billion euros were European exports to Iran (+1 percent), and Iran’s exports were 431 million euros (+1 percent).
The largest group of goods exported from Europe to Iran is Machinery and transport equipment with a volume of 680 million euros, (+4 percent compared to last year). The largest group of goods exported by Iran to Europe is food and Live animals with a value of 159 million euros (+22 percent compared to the previous year).
Germany remains Iran’s most important trading partner in Europe, and 31% of the total trade between Iran and Europe is done with Germany. Iran’s next most important trading partners in Europe are Italy with 369 million euros and the Netherlands with 302 million euros.
