Iran’s exports to EU decrease

Baku, Azerbaijan, July 1

By Umid Niayesh - Trend:

Iran's exports to Europe registered a 4.6 percent fall in terms of value year on year and stood at $364 million during the first quarter of the current Iranian fiscal year (March 21-June 21).

It is while the figure witnessed an increase by 3.9 percent in the two month period to May 22 following the sharp fall of 33.51 percent in the first Iranian calendar month (March 21-April 21).

Iran's exports to EU accounted for $242 million in the first two months of Iranian year (March 21-May 22) and $65 million in the first month respectively.

The Islamic Republic exported 470,000 metric tons of goods to the European countries in the 3-month period, which indicates a decrease of 20 percent in comparison with the same period of preceding year, the Iranian Customs Administration said in its latest monthly report released June 30.

European markets shared 4.4 percent of Tehran's total non-oil exports' value during the period.

Meanwhile, the European countries exported over 2.65 million metric tons of goods, worth $2.1 billion to Iran during the 3-month period from March 21 to June 21.

The Islamic Republic's imports from the Europe registered a fall by 9.7 percent in terms of value and a rise by 3.5 percent in terms of volume respectively compared the same period of preceding year.

Iran's imports from Europe accounted for 20.3 percent of the country's total imports' value.

Switzerland was the Islamic Republic's main European trade partner during the period. The country exported over $544 million worth of goods to Iran, indicating a rise by 47.3 percent year on year.

Switzerland stood at sixth place among the countries exported goods to Iran.

Germany was the next top European goods exporter to Iran with $441.9 million worth of exports (indicating a fall by 23.7 percent), followed by Italy ($205.86 million worth of goods, 1.5 percent increase), Russia($143 million, 13.7 percent fall), Netherlands ($140.2 million, 17.9 percent fall) and the UK ($128.26 million or 2.9 percent less year on year).

The Islamic Republic's non-oil exports (including condensates) stood at $10.867 billion during first three months of current Iranian fiscal year (March 21-June 21), while imports accounted for $10.35 billion.

Country

Iran's imports value(USD)

Increase(y/y) %

Iran's exports value(USD)

Switzerland

544 million

47.3

1 million

Germany

441.9 million

-23.7

65.7 million

Italy

($205.86 million

1.5

124.6 million

Russia

143 million

-13.7

49.3 million

Netherlands

140.2 million

-17.9

10.12 million

The UK

128.6 million

-2.9

9.5 million

France

104.3 million

-40

*

Belgium

76.1 million

31

12.52 million

Spain

45 million

-3

57.3 million

Denmark

40 million

33.4

*

* No information available in the Custom administration report

Follow the author on Twitter: @UmidNiayesh

Subscribe to Trend in Google News! Subscribe
Azerbaijan-Iran plan to build new bridge to increase traffic
Azerbaijan-Iran plan to build new bridge to increase traffic
Baku Int'l Sea Trade Port reveals details of dev’t strategy until 2035
Baku Int'l Sea Trade Port reveals details of dev’t strategy until 2035
Iran eyes increase in flights via Rasht International Airport
Iran eyes increase in flights via Rasht International Airport
Loading Bars
Latest
Mandatory vaccination should be a last resort, says WHO Europe chief
Bolsonaro dismisses vaccination requirement for entry into Brazil
Israel announces completion of high-tech barrier around Gaza
Northern Ireland reports first Omicron cases
Police officer killed in NW Pakistan's firing
Sweden to reintroduce many COVID-19 measures as cases rise
Armenia has no choice but to open Zangazur corridor - experts
Turkey, Qatar strengthen bilateral ties with 15 new deals
Georgian parliamentary delegation visits Washington
Chinese company plans to build a technopark and solar power plant in Uzbekistan
WHO donates 260k packs of intravenous solutions to Iran
Cost of cargo transported via trains up in Azerbaijan
International Court of Justice grants Azerbaijan's request for temporary measures against Armenia
Western media shows neutral approach to Azerbaijan’s Zangazur corridor - Head of Trend News Agency’s Foreign Projects Directorate
Azerbaijan donates 100,000 doses of Sinovac vaccine against COVID-19 to Burkina Faso (PHOTO)
Information spread in Armenian media about killing of illegal militant on territory of Azerbaijan is baseless – MoD
Azerbaijani MFA comments on statement of Armenian foreign ministry
International Court of Justice urges Armenia to take urgent measures against groups and individuals making violent calls on ethnic grounds
International Court of Justice refused to secure Armenia's claim for immediate return of so-called POWs
Azerbaijan completes over half of construction of Barda-Aghdam highway
Azerbaijan building new high-speed road in Shusha city
Azerbaijan-Iran plan to build new bridge to increase traffic
Iran Securities and Exchange Organization focusing on strengthening Capital Market Stabilization Fund
Iran looks to expand agricultural ties with Romania
EIB, EBRD touch on Georgia’s economic growth
Price indexes of industrial, trade sectors at Uzbek stock exchange fall
Georgia shortens terms of COVID-19 booster vaccination
Azerbaijan shares data on 10M2021 oil exports to Vietnam
Uzbekistan shares stats on export of textile products for 10M2021
Kazakhstan's KMG talks project of new gas processing plant in Mangistau
Iran's Bahar Azadi gold coin price increases
Azerbaijan sees decrease in import of vehicles, spare parts over 10M2021
Volume of loaded/unloaded cargo in Iran’s Qeshm port up
Value of Azerbaijan's export to Turkmenistan up for 10M2021
Azerbaijan’s energy ministry opens tender to buy technical support services
Azerbaijan-Iran to take steps to increase trade turnover – Iranian ambassador
Shootout occurs on border between Azerbaijan and Iran - offender neutralized
Baku Int'l Sea Trade Port reveals details of dev’t strategy until 2035
First harvest gathered in mushroom greenhouse in Turkmenistan’s Mary region
Azerbaijan-Iran implementing agreements on joint cooperation – ambassador
Germany's next finance minister stresses price stability
SOFAZ shares estimates of budget revenues for 2022
Iran opens office for cargo barter with Pakistan
Number of legal entities restoring activity in Azerbaijan slightly increases in 11M2021
President Ilham Aliyev receives President for Exploration and Production of TotalEnergies (VIDEO)
Indian embassy in Baku holds webinar on electronic and computer hardware/software products (PHOTO)
Sport in Azerbaijan - integral part of state policy, deputy minister says
Bank of Israel bought $4 bln of FX in Nov, hits $34 bln in 2021
India's Rajnath Singh attends maiden 2+2 Dialogue with Russia
Less urgent need to rebuild stocks to weigh on coal demand
Omicron poses a major risk to global oil demand
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,530 more COVID-19 cases, 1,864 recoveries
Azerbaijan, Russia’s Astrakhan sign action program to develop co-op (PHOTO)
Georgia shares data on cigarettes turnover in 10M2021
President Ilham Aliyev signs order appointing new chairman of State Insurance Commerce Company
Georgia’s imports of fuel and lubricants from Kazakhstan plummet
EU health bodies recommend mix-and-match of COVID-19 vaccines
Georgian apple exports on rise
Number of taxpayers increases in Azerbaijan over 11M2021
Kazakhstan increases volume of production of crude oil and oil products
Kazakhstan shares data on coal production
Turkmenistan becomes top oil exporter to Georgia
Armenia should fulfill requirements of documents signed after Second Karabakh War – Turkish official
Google Pay begins operating in Israel
Volume of electricity production in Uzbekistan for 10M2021 unveiled
Azerbaijan records growth in cost of air cargo transport for 10M2021
Iran reveals COVID-19 data for December 7
Central Bank of Azerbaijan reveals amount of foreign currency sold via auction
Non-oil exports in Azerbaijan to reach record high – minister
Opening of Azerbaijan’s Zangazur corridor may reduce transportation time from China to Europe
Azerbaijan to auction several mineral deposits
Epsilon obtains industrial gas inflow from new well at field in Uzbekistan
bp to develop best barrels, make portfolio higher value, says CEO
Azerbaijani State Tourism Agency talks about prices for air tickets (Exclusive)
Iran’s IMPASCO aims to transfer shares of some mining complexes to private sector
bp going to invest 10 times more in low carbon by 2030 - Bernard Looney
What does gas swap deal between Azerbaijan, Turkmenistan and Iran promise?
Baku Stock Exchange talks priorities in trade turnover until 2023
Turkey, Iran trade turnover grows in October 2021
Georgia shares top importers of its hazelnuts
bp achieves increase in productivity in Azerbaijan with new agile organizational structure
Russia’s new daily coronavirus cases below 32,000 for first time since October 14
Iran pins big hopes on gas swap contract, aims for European exports in near future, says ambassador (Exclusive)
Turkmen agriculture ministry opens tender for purchase of veterinary vaccines
Iran eyes increase in flights via Rasht International Airport
Kazakh oilfield construction company opens tender to buy pipes
Kazakhstan eyes diversifying trade flows with ECO countries
Azerbaijan’s Baku Int’l Sea Trade Port expects increase in flow of goods
Georgia’s spice exports to Central Asia down
Uzbekistan reveals volume of exports and imports for 10M2021
Volume of foreign trade turnover increases in Uzbekistan
Kazakhstan sees multifold decrease in trade with South Korea
Eurostat discloses Azerbaijan’s petroleum exports to Italy
Bank of Georgia to begin offering preferential agro-credit
Georgia’s export of spices remains steady - Geostat
Azerbaijan’s oil exports to Romania for 10M2021revealed
Baku port reveals cargo shipment capability of Ro-Ro terminal
Azerbaijan shares forecast on total cargo shipment via Baku int'l trade port for 2021 (PHOTO)
Kazakh Ulba Metallurgical Plant opens tender for cargo transportation services
All news