Trade between Iran and EU member states during the first 11 months of 2019 stood at €4.73 billion to register a 73.45% plunge compared with last year’s corresponding period, latest data released by the European Statistical Office show.
Iran exported €648.32 million worth of commodities to the EU, indicating a 93.06% fall, and imported €4.08 billion in return to register a 51.82% year-on-year decline
Germany, Italy and the Netherlands were Iran’s top three trading partners in the European bloc with bilateral exchanges standing at €1.52 billion, €889.15 million and €468.13 million respectively.
Iran’s trade with Cyprus (€7.62 million) and Bulgaria (€86.88 million) increased by 65.18% and 34.67% respectively year-on-year—the highest among EU states.