Iran exports to Europe up dramatically in October

The latest figures published in Eurostat, the European Union’s Statistics Center, shows that Iran exported 736 million euros to the European Union in the first 10 months of this year, about 22 percent more than in the same period last year.

About one-third of Iran’s total exports have been sent to Germany. Germany is also the largest exporter of goods to Iran among the 27 members of the European Union.

In the first 10 months of 2021, the country exported about 1.16 billion euros to Iran, equivalent to 37.5 percent of all EU exports to the Islamic Republic.

The total export of union members to Iran in the mentioned round was 3 billion and 88 million euros, which grew only 2 percent compared to the same period last year.

After Germany, Iran’s most important trading partners are Italy, Spain, the Netherlands, Belgium and, to a certain extent, France.

In the period before the U.S. sanctions, the European Union exported $11 billion worth of goods annually to Iran, and similarly imported goods and oil from the Islamic Republic.

Meanwhile yesterday it was announced that the value of Iran’s non-oil trade with its neighbors stood at $33 million during the first eight months of the current Iranian calendar year (March 21-November 21), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.

Ruhollah Latifi put the weight of non-oil trade with the neighboring countries at 110.284 million tons in the said time span, and stated that trade with the neighbors accounted for 52 percent of value and 62 percent of the weight of non-oil trade in the first eight months.

The official further stated that non-oil trade with the neighbors shows 45 percent rise in value and 19 percent growth in weight as compared to the same period of time in the past year.

As previously announced by the IRICA head, the value of Iran’s non-oil trade rose 40 percent during the first eight months of the current Iranian calendar year, as compared to the same period of time in the past year.

Mehdi Mir-Ashrafi has said that Iran traded over 110.3 million tons of non-oil products worth $63.1 billion with other countries in the mentioned period.

END