• 1 May 2020 - 13:58
  • News Code: 113807
اتحادیه اروپا

Trade between Iran and EU member states during January-February stood at €787.66 million to register a 9.17% increase compared with the similar period of 2019, latest data provided by the European Statistical Office show.

According to Ibena, Germany, Italy and the Netherlands were Iran’s top three trading partners in the European bloc during the period under review with bilateral exchanges standing at €307.04 million, €121.82 million and €90.2 million respectively.

Iran’s transactions with Luxembourg (€426,596), Slovakia (€2.85 million) and Croatia (€1.03 million) increased by 542.34%, 291.45% and 183.83% respectively year-on-year, marking the highest among EU states.

Trade with Malta (€1,536), Ireland (€2.64 million), Sweden (€5.94 million), Greece (€2.49 million) and Finland (€1.68 million) saw the sharpest declines of 88.86%, 82.9%, 75.51%, 68.63% and 65.2% respectively.

The United Kingdom officially withdrew from the European Union on January 31. The UK’s withdrawal, known as Brexit, began a transition period that is set to end on Dec. 31, during which the UK and EU will negotiate their future relationship. 

The UK remains part of the EU customs union and single market during the transition, but is no longer part of the EU's political bodies or institutions. Hence, trade with the UK is not included in this report that covers data on the current 27 EU members.

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