Iran, EU Trade Surpasses $8b
IRAN NEWS ECONOMIC DESK
TEHRAN – The spokesman for Iran’s Customs Administration said that Iran’s foreign trade with Europe in the seven months of the current year (April to October) amounted to 15,910,816 tons worth $8.8b.
Iran’s export volume to Europe in the first seven months of this year amounted to 5,605,891 tons, the value of which is equal to $2b, Seyyed Rouhollah Latifi said.
He added that the main export destinations are Turkey with $1,48b followed by Russia, Germany, and Italy.
“The lowest exports were reportedly in Scotland with $ 13,952” Latifi further explained.
The official clarified the situation of imports from Europe to Iran saying in this period, imports have been made from 44 European countries with a volume of 10, 304,925 tons of goods worth $6.74b. The imports have been from countries like UK, France, Germany, Italy, Czech, Switzerland, Sweden, Austria, Belgium, Denmark, Spain, Ireland, Croatia, the Netherlands, Portugal, Poland, Ukraine and Russia, he added.
The spokesman for Iran’s Customs Administration stated that most imports from Turkey $2.2b, and Germany, Russia, and the United Kingdom respectively.
The total value of the country’s foreign trade in the first seven months of this year reached $38.2b.
The total weight of traded goods during this period was 85 million tons, which shows a decrease of 17.5% compared to the same period last year.
According to the previous report released the Customs Administration, Iran’s exports to 27 European Union member states increased by 39.11% to around €55.7 million in August 2020, with a leap in the Netherlands’ imports from Iran.
European states collectively imported €495.56 million worth of goods from Iran during the first eight months of 2020 to register a 4.6% growth compared with last year’s corresponding period.
Eurostat’s latest figures show that the Netherlands imported a total of €95 million worth of goods from Iran during the eight-month period, posting a 714% increase compared with the same period of last year.
The country’s imports from Iran increased by nearly 11-fold in August to stand at €15.4 million.
United States, by imposing sanctions against Iran which have been at the highest level since November 2018 according to the U.S. officials, has warned many world states against interaction with Iran.