Europe's share in Iran imports halved since 2005

Europe's share in Iran imports halved since 2005

By Dalga Khatinoglu -Trend:

Iran is going to appoint five new commercial attaches in Europe in a bid to boost its trade ties.

Five new commercial attaches will be dispatched to Germany, Italy, Serbia, Spain, and Switzerland, Miraboutaleb Badri, Deputy Director of Iran's Trade Promotion Organization told Mehr news agency on May 4..

Iran and EU faced a significant drop in trade turnover during Ex-President Mahmoud Ahmadinejads' time in office due to Tehran's disputed nuclear program and hard-liners' aggressive foreign policy.

According to Iran Custom Administration and Iran Commerce Chamber's official statistics, Europe had about 50 percent share in Iran's imports in 2005, as well as some 15 percent of Iran's total non-oil exports.

Iran's main European partners in 2005:

Rank

Country

Exports to Iran

Share in Iran's total imports

Imports from Iran

Shares in Iran's total exports

Rank

2

Germany

$5,118,934,175

13.158

$342,778,805

3.665

8

3

France

$2,738,963,825

7.04

$69,887,209

0.747

29

5

Italy

$2,353,990,215

6.051

$267,096,236

2.855

11

7

Switzerland

$1,212,640,704

3.117

$24,526,648

0.262

42

8

Sweden

$1,186,839,956

3.051

$10,459,126

0.112

55

11

UK

$1,026,370,796

2.638

$74,676,634

0.798

27

13

Turkey

$856,210,090

2.201

$171,310,875

1.831

15

14

Netherlands

$841,015,029

2.162

$200,116,141

2.139

14

16

Belgium

$732,923,177

1.884

$74,004,859

0.791

28

17

Austria

$684,397,789

1.759

$9,954,074

0.106

56

20

Spain

$363,949,220

0.936

$128,495,507

1.374

19

24

Denmark

$248,363,639

0.638

$11,908,376

0.127

54

30

Finland

$147,904,213

0.38

$2,272,234

0.024

83

35

Poland

$100,503,343

0.258

$8,358,529

0.089

59

36

Romania

$96,762,178

0.249

$9,158,742

0.098

57

39

Cyprus

$91,593,120

0.235

$2,442,416

0.026

81

41

Ireland

$77,290,757

0.199

$1,391,859

0.015

93

43

Czech

$62,022,059

0.159

$1,254,840

0.013

96

Total:

$17,940,674,285

46.115

$1,410,093,110

15.072

Iran and Europe's trade turnover has decreased dramatically since 2005, especially after the EU imposed tough sanctions over Iran's banking system, crude oil and petrochemical products exports.

Europe was the target of 18 percent of Iran's total oil exports in 2011, amounting to 480,000 barrels per day, but the EU stopped Iranian oil imports in mid-2012.

Year

Iran's exports to EU
- Billion dollar

Share of total

Iran's total exports-
Billion dollar

Iran's imports from EU-
Billion dollar

Share of total

Iran's total imports-
Billion dollar

2005

1.4

15%

9.35

18

49%

38.9

2007*

1.65

10%

15.29

17.27

35%

48.38

2013*

1.723

5.3

41.448

15.3

28.6

53.451

2014*

1.44

4.61

41.628

10.98

21.6

50.818

* Iran's fiscal year starts on March 20, the table covers March 20, 2005 to the March 20, 2014.

However, the latest monthly report released by the Custom Administration says that Iran's exports to the EU increased by 15 percent between March 20, 2014 and April 20, 2014, compared to the same period last year. However, Europe Union's exports to Iran decrease by 25 percent during the mentioned period.

During last Iran's fiscal year, Germany, Italy, Spain and Switzerland exported $2.5 billion, $ 850 million, $ 250 million and $2.33 billion worth goods to Iran respectively.

Iran's exports to these country's ware totally about $660 million.

Iran imported about $500 million from the EU and exported $98 million to them during the mentioned period.

Dalga Khatinoglu is specialist on Iran's energy sector and Iran News Service head in Trend Agency

Edited by C.N.

Chamber of Commerce talks Iranian-Tajik trade amid COVID-19
Chamber of Commerce talks Iranian-Tajik trade amid COVID-19
Uzbekistan becomes one of Tajikistan's top donor countries
Uzbekistan becomes one of Tajikistan's top donor countries
Tajikistan sends construction materials to Uzbekistan
Tajikistan sends construction materials to Uzbekistan
Loading Bars
Latest
Azerbaijan increases import of chemicals from Turkey since start of 2020
Turkmenistan's Turkmennebitonumleri launches gas station repair in Lebab region
Balance crumbles, as Iran's export to China drops, imports increase
Turkey's export of wood, furniture to Azerbaijan increases
Annual income of FINCA Azerbaijan Non-Bank Credit Organization soars
Georgia's furniture import from Turkey drops significantly
Turkey's export of ready-made clothing to Italy drops
Export of Turkish chemicals to Uzbekistan declines
Iran discloses value of agricultural exports
Turkey's furniture export to Iran significantly down
Azerbaijan confirms 165 new COVID-19 cases
Russian expert: Alternative energy to open up great opportunities for Azerbaijan
Uzbekistan's Fergana region boosts fruit, vegetables production
Foreign company sells its stake in Uzbek Savdogarbank
Uzbekistan Airways selling older helicopters, aircraft engines
Income of Azerbaijan’s population in nominal terms increases
Turkmenistan aims for innovations in agriculture with help of CIS Coordinating Council
Uzbekistan starts to expand saffron cultivation
German Eastern Business Association, Turkmenistan talk over country's water sector renovation
Iran's ICT minister talks role of E-government in battling COVID-19
Iran discloses volume of ferrosilicon produced in Semnan Province
Audit Service of Georgia: Total cost of servicing and paying off state debt up
WB reiterates its readiness to co-finance new project in Georgia
Restaurants, public transport reopening in Georgia
Iran reveals its COVID-19 data for May 27
Iran's West Azerbaijan Province outlines main targets in agriculture sector
Dutch Lumidea Engineering may invest in road infrastructure of Uzbekistan
Vegetable sowing nearly complete in Kazakh regions
UK workers covered by coronavirus wage subsidy hit 8.4 million
Cement import by Kazakhstan from Turkey surges
Azerbaijan reveals figures on investment in its fixed assets
Kazakhstan to look for new investor for building polyethylene plant
MP: Armenia has no moral right to make any claims against Azerbaijan on ECHR's decision
Kazakh official talks possible Tengiz field's operations suspension
Export from Iran's Sistan and Baluchestan Province going up
Turkey to resume domestic railway traffic suspended amid COVID-19
Iran's NISOC discloses amount of saved funds
Turkmenistan, WHO/Europe discuss additional measures to fight COVID-19
Iran's product export via Kurdistan Province increases
Kazakhstan sets ceiling gas prices in country's capital, two regions
Upcoming OPEC+ meeting to decide on agreement roll-over, says Rystad Energy
Iran boasts number of oil, gas wells drilled in last two months
H&M set to cancel furloughs for 2,500 at Stockholm headquarters
Russia increases cargo transportation to Turkey
Kazakhstan's Air Astana to buy petrol via tender
Iran Energy Exchange announces products to be on sale May 27
Turkey's steel export to US increases
Official: ECHR decision on Safarov’s case puts no int'l legal obligations on Azerbaijan
Uzbekistan reveals data on its active public-private partnership projects
Kazakhstan boosts fertilizer production as part of industrial modernization plan
Azerbaijani oil prices grow
Japan to provide financial assistance to women in rural areas of Uzbekistan
Uzbekistan to announce tender for toll road construction
TAP receives Independent Natural Gas System Management License for Greek section
Bulgaria to reopen restaurants, bars and cafes on June 1
Iranian currency rates for May 27
Armenia violates ceasefire with Azerbaijan 25 times in 24 hours
Uzbekistan reports 72 new COVID-19 cases
Global consumer spending on oil to fall below spending on electricity for first time
German employment outlook improves slightly
Iran plans to expand greenhouse cultivation
Thailand reports nine new coronavirus cases, no new deaths
Iran’s President Hassan Rouhani congratulates Azerbaijan’s President Ilham Aliyev
Turkish ministry bans industrial company from participating in BOTAS' tenders
IT experts talk issues with PayPal entering Azerbaijan's e-commerce sector
US increases import of cement from Turkey
Azerbaijan reveals data on pensions, benefits for 1Q2020
Turkey's cargo deliveries to Kyrgyzstan up as of May 1, 2020
Number of COVID-19 cases across globe up by over 100,000 in past day
G7 summit to be held in late June: White House
Mexico registers 501 deaths from coronavirus in one day, biggest jump yet
Japan to compile $1.1 trillion second extra budget
5.4-magnitude quake hits Port Vila of Vanuatu
3 U.S. soldiers wounded in ambush attack in eastern Syria
73 more coronavirus patients die in Moscow, death toll reaching 2,183 - crisis center
Spain declares 10-day official mourning for coronavirus victims
Oil prices climb, bolstered by ongoing supply curbs
Qatar reports 1,742 new COVID-19 infections, 47,207 in total
Armenia trying to divert int’l community’s attention from illegal occupation facts
Afghanistan to free 900 Taliban, urges ceasefire extension
Azerbaijan detects 132 new COVID-19 cases
Putin says Russia to hold postponed Victory Day parade on June 24
Azerbaijan sends letter to UN due to illegal “elections” in occupied Karabakh
Review of employment activity in Azerbaijan as of May 1, 2020
Uzbekistan siginificantly increases gold exports
Azerbaijan increases import of fruits
Nar 4G users up by 66% over the past year
Georgia reveals ongoing infrastructure projects
UNDP, Switzerland, Austria to distribute protective face shields to Georgia
Electricity generation drops in Georgia
Georgia reports one new COVID-19 case
Volume of loans issued by commercial banks down in Georgia
Tourist flow resumes between Georgia and Czech Republic
TBC Research: PPI increases inflationary pressure in Georgia
Central Bank of Iran reveals inflation forecast
Georgian Jimsher whiskey to be sold in US
Export of Turkey's leather goods to Kazakhstan on the rise
TAV Georgia to expand Batumi Airport
EBRD to finance large-scale project in Georgia
Iran reveals volume of wheat purchased from farmers
All news