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Iran declares trade turnover with EU member states

Business Materials 9 October 2020 13:02 (UTC +04:00)
Iran declares trade turnover with EU member states

BAKU, Azerbaijan, Oct.9

By Elnur Baghishov – Trend:

Iran's trade turnover with EU member states amounted to 2.65 billion euros in the first seven months of this year, Trend reports citing Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA).

According to the report, this a decrease of 9.1 percent compared to the same period last year.

"About 376 million euro worth of goods have been exported in January. This is an increase of 17.4 percent compared to the same month last year," the report noted.

According to the report, while in July, $411 million worth of goods has been exported. This is a decrease of 19.6 percent compared to the same month last Iranian year.

The table shows figures in euros:

Year

January

February

March

April

May

June

July

7 months

2019

320 million

401 million

447 million

343 million

443 million

446 million

511 million

2.91 billion

2020

375 million

409 million

369 million

312 million

359 million

411 million

411 million

2.64 billion

Percentage change

17.4

1.9

-17.4

-8.9

-18.9

-7.8

-19.6

-9.1

According to the report, Germany accounted for 41 percent of Iran's trade turnover with EU member states over 7 months and this is an increase of 15 percent compared to the same period last year.

As well as, Italy accounted for 15 percent of Iran's trade turnover with EU member states within the reporting period and this is a decrease of 29 percent compared to the same period last year, the report added.

"In addition, Netherlands amounted 11 percent of Iran's trade turnover with EU member states in seven months and this is an increase of 2 percent compared to the same period last year," the report said.

According to the report, Spain accounted for 6 percent of Iran's trade turnover with EU member states during the same period and there was no increase or decrease compared to the same period last year.

About 6 percent of Iran's trade turnover with EU member states was with France in seven months and this is a decrease of 37 percent compared to the same period last year, the report noted.

According to the report, 21 percent of Iran's trade turnover with EU member states was with other countries during this period and this is a decrease of 23 percent compared to the same period last year.

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