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TEHRAN \u2013 Iran’s exports to the European Union increased by six percent in the first ten months of 2024, despite a one percent drop in overall trade volume between the two sides, according to Eurostat data.<\/p>\n
Total trade between Iran and the EU reached \u20ac3.77 billion from January to October 2024, compared to \u20ac3.81 billion in the same period in 2023.<\/p>\n
EU exports to Iran amounted to just over \u20ac3 billion, a two percent decrease year-on-year. In contrast, Iranian exports to the EU grew from \u20ac654 million in 2023 to \u20ac695 million in 2024.<\/p>\n
In October 2024, bilateral trade totaled \u20ac300 million, marking a 19 percent decline from \u20ac369 million in October 2023. This figure is the lowest monthly trade volume since January 2021.<\/p>\n
Iranian exports to the EU in October rose nine percent to \u20ac65 million, while EU exports to Iran fell 24 percent to \u20ac235 million.<\/p>\n
Germany retained its position as Iran’s largest trade partner within the EU, with a trade volume of \u20ac1.23 billion. Italy followed with \u20ac585 million, the Netherlands with \u20ac512 million, Belgium with \u20ac281 million, and France with \u20ac234 million.<\/p>\n
The data underscores mixed trade dynamics amid ongoing economic and geopolitical challenges. Iranian officials have emphasized fostering trade relations in non-sanctioned sectors and establishing trade offices to bolster economic ties with Europe.<\/p>\n
EF\/MA<\/p>\n<\/p><\/div>\n
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