European exports to Iran reached their lowest level in 12 months.
According to the latest statistics from Iran-EU trade in January to April 2022, trade was slightly better than last year, with a total value of 1671.9 million euros, up 15% from the same period last year. That Iran’s exports to and from the European Union amounted to 361.7 million euros and 1310.3 million euros, respectively, an increase of 39 and 10 percent over the same period last year.
But in April 2022, the total value of trade reached 342.7 million euros, which is 5 percent less than in April 2021.
Of this, EU exports to Iran amounted to 256 million euros, which is a negative 14 percent compared to April 2021. In contrast, Iran’s exports to the European Union amounted to 86.7 million euros, which is a positive change of 34 percent compared to April 2021.
Germany has maintained its position as Iran’s first trading partner in the European Union with a value of 639.8 million euros, and Italy after Germany, reported 203.1 million euros.
In the first quarter of 2022, major Iranian exports to the EU in this time frame also include livestock and food products, chemicals and related products, manufactured goods by type and food and fuel raw materials, amounting to 119.3 million euros, 96.5 million euros, 74.8 million, respectively. Euros and 51.5 million euros.
Also, the main EU exports to Iran, including mechanical equipment and machinery, livestock and food products, chemicals and related products, amounted to 326.7 million euros, 261.1 million euros and 253.5 million euros, respectively.