
The volume of trade between Iran and Germany exceeded one billion euros
22.10.2024
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.
According to Eurostat data, from January to August 2024, trade volume between Iran and the EU-27 reached 3.1 billion euros, a 2% increase over the previous year. Of this total, European exports to Iran accounted for 2.54 billion euros, up 2%, while Iran’s exports to Europe totaled 561 million euros, reflecting a 5% increase.
The largest category of goods imported by Iran from Europe in the first eight months of 2024 was machinery and transport equipment, valued at 903 million euros, a 5% increase over the previous year. Meanwhile, the largest category of Iranian exports to Europe was food and live animals, totaling 201 million euros—a 26% rise. Among Iranian exports to Europe, the two fastest-growing categories were beverages and tobacco, which grew by 224%, and animal and vegetable oils, fats, and waxes, which increased by 244%.
Germany is Iran’s top trading partner in Europe, accounting for approximately 30% of Iran’s total trade with EU member states. Italy, the Netherlands, and Belgium follow in the subsequent ranks.