Iran's trade with EU declines
TEHRAN, Iran, Sept.25
Iran's trade with the European Union during the first seven months of 2020 stood at €2.6 billion, which was a 9-percent decline, compared to 2019.
The statistics released by Iran's Chamber of Commerce about the country's trade with the EU indicate that Iran's trade shrank due to COVID-19 and sanctions, Trend reports citing ILNA.
Iran's export to the EU during the first seven months of 2020 was worth €440 million, which was an increase of 5 percent, compared to 2019.
Iran's export to the European Union has dropped in April by 65 percent and increased in July by 52 percent, compared to same time of last year.
Iran's non- oil export to the EU has reduced by 11 percent in the first seven months of 2020, compared to same period of 2019. The value of Iran's non-oil export in January was €76 million, while the non-oil export value in April stood at €19.8 million.
Iran's import from the EU had an 11-percent decline during the first seven months of 2020, valued at €2.2 billion. Iran's imports during July dropped by 29 percent.
Germany shared 41 percent of trade with Iran among the EU countries while Italy, the Netherlands, Spain and France were other major trade partners of the Islamic Republic.