{"id":16507,"date":"2024-12-18T13:53:08","date_gmt":"2024-12-18T10:23:08","guid":{"rendered":"https:\/\/diihk.com\/121820241355\/"},"modified":"2024-12-31T10:32:15","modified_gmt":"2024-12-31T07:02:15","slug":"121820241355","status":"publish","type":"post","link":"https:\/\/diihk.com\/en\/news\/121820241355\/","title":{"rendered":"1% Decline in Trade Between Iran and the European Union"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"16507\" class=\"elementor elementor-16507 elementor-16492\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-72fd7578 e-flex e-con-boxed e-con e-parent\" data-id=\"72fd7578\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-150708b0 elementor-widget elementor-widget-heading\" data-id=\"150708b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><b>1% Decline in Trade Between Iran and the European Union<\/b><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d69e0b8 elementor-widget elementor-widget-text-editor\" data-id=\"d69e0b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Although Iran&#8217;s exports to the EU-27 continued their upward trend from January to October 2024, a decline in Europe&#8217;s exports to Iran has pushed monthly trade volumes to their lowest point since January 2021.<\/strong><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e02102e elementor-widget elementor-widget-text-editor\" data-id=\"6e02102e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>According to Eurostat, the total trade volume between Iran and the EU-27 from January to October 2024 amounted to \u20ac3.77 billion. This represents a 1% decline compared to the same period in 2023. During this period, the EU-27&#8217;s exports to Iran exceeded \u20ac3 billion, marking a 2% decrease compared to the previous year. However, Iran&#8217;s exports to the EU-27 saw a 6% increase, rising from \u20ac654 million in 2023 to \u20ac695 million in 2024.<\/p>\n<p>In October 2024, trade volume stood at \u20ac300 million, a 19% decrease compared to \u20ac369 million in October 2023, marking the lowest level since January 2021. Of this \u20ac300 million, Iran&#8217;s exports accounted for \u20ac65 million, showing a 9% increase, while the EU-27&#8217;s exports to Iran dropped by 24%, reaching \u20ac235 million.<\/p>\n<p>Germany remains Iran&#8217;s largest trading partner within the EU-27 members, with a trade volume of \u20ac1.23 billion. It is followed by Italy (\u20ac585 million), the Netherlands (\u20ac512 million), Belgium (\u20ac281 million), and France (\u20ac234 million) as Iran\u2019s top European trading partners.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4859168 elementor-align-left elementor-widget elementor-widget-button\" data-id=\"4859168\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/diihk.com\/wp-content\/uploads\/2024\/12\/Iran-EU-Trade-Jan-to-Oct-2024.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-arrow-alt-circle-down\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Full details of Iran and EU-27 trade - January to October 2024<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Although Iran&#8217;s exports to the EU-27 continued their upward trend from January to October 2024, a decline in Europe&#8217;s exports to Iran has pushed monthly trade volumes to their lowest point since January 2021.<\/p>\n","protected":false},"author":4,"featured_media":16494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-16507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium 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