Germany is set to hold a snap election in February 2025
13.11.2024
Iran-Germany Trade Report: January to September 2024
21.11.2024Iran’s Exports to EU-27 Grow 6% in 2024’s First Nine Months
Trade relations between Iran and the EU-27 demonstrated resilience in the first nine months of 2024, with the total trade volume reaching €3.47 billion. This marks a 1% increase compared to the same period last year, driven by a notable rise in Iranian exports to the bloc.
From January to September 2024, EU-27 exports to Iran remained steady at €2.83 billion, while Iranian exports to the EU-27 increased to €630 million, reflecting a 6% growth compared to €595 million during the same timeframe in 2023.
However, the month of September 2024 saw a 9% decline in total trade volume compared to the previous year, dropping from €387 million to €352 million. EU-27 exports to Iran fell by 14%, decreasing from €329 million to €283 million. In contrast, Iranian exports experienced a significant boost, rising by 19%, from €58 million to €69 million.
Germany maintained its position as Iran’s largest trading partner in the EU-27, with trade between the two countries amounting to €1.14 billion during the first nine months of 2024. Italy, the Netherlands, Belgium, and France ranked next as Iran’s top European trade partners.
