EU shares 20% of Iran’s import

EU shares 20% of Iran’s import

Baku, Azerbaijan, Nov. 4

By Umid Niayesh - Trend:

The European countries exported over 6.257 million metric tons of goods, worth $5.937 billion to Iran during the 7-month period from March 21 to Oct. 22 (Iran 's fiscal year starts on March 21).

The Islamic Republic's imports from the Europe registered an increase by 29.05 percent in terms of volume and 6.89 percent in terms of value respectively compared the same period of last year, the Iranian Customs Administration said in its latest monthly report released Nov. 3.

The EU countries shared 19.61 percent of Iran 's total imports in terms of value during the first seven months of the current fiscal year.

Meanwhile Iran 's exports to Europe registered a 59.95 percent increase in terms of volume and stood at 1.372 million metric tons during the period. The Islamic Republic exported $917 million worth of goods to the European countries in the seven months, which indicates an increase of 34.63 percent in comparison with the same period of last year.

European markets shared 4.73 percent of Tehran 's total non-oil exports' value during the first seven months of the current fiscal year.

Germany was the Islamic Republic's main European trade partner during the period. The country exported over $1.453 billion worth of goods to Iran, indicating an increase by 14.28 percent year on year.

Germany stood at sixth place among the countries exported goods to Iran, followed by Switzerland (with $943.5 million worth of exports), Italy ($622.4 million) and Netherlands ($604.7 million).

Italy was the main European target of the Islamic Republic exports. Iran exported $263 million worth of goods to Italy during the 7-month period, 28.73 more year on year.

Germany (with $160.79 million), Spain (with $99.925 million), the UK (with $60.66 million) and Netherlands (with $33.33 million) stood at the next places.

Iran's foreign trade amounted to $57.214 billion in the first seven months of the current Iranian fiscal year.

The Islamic Republic's non-oil exports accounted for $26.943 billion of the mentioned amount, while imports accounted for $30.271 billion.

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