Netherlands Emerges as Iran's Third-Largest Trade Partner in the EU - Iran News Daily

TEHRAN - Trade relations between Iran and the European Union (EU) have seen significant growth in 2024, with the Netherlands playing a pivotal role. According to data from Eurostat, Iran-EU trade volume reached €3.4 billion in the first nine months of 2024, marking a 96% increase compared to the same period in 2023.

Netherlands Emerges as Iran’s Third-Largest Trade Partner in the EU

TEHRAN (Iran News) During this period, Iran exported €600 million worth of goods to the EU, a 7.6% increase from the previous year. On the other hand, Iran imported €2.8 billion worth of goods from the EU, reflecting a slight 2% decrease compared to 2023.

Germany topped the list of Iran’s trading partners with a total trade volume of €1.1 billion. It was followed by Italy (€570 million), the Netherlands (€470 million), Belgium (€270 million), and France (€210 million). Germany also led in exports to Iran, contributing €980 million, while the Netherlands stood out as the second-largest EU exporter to Iran, with exports valued at €430 million.

Iran recorded trade surpluses with select EU countries, including Luxembourg (€7.3 million), Croatia (€8.2 million), and Poland (€9.0 million). However, the country faced significant trade deficits with major partners such as Germany (€10.8 million), the Netherlands (€60.4 million), and Italy (€50.2 million).

Among EU countries, Malta experienced the highest increase in trade volume with Iran, registering a remarkable 169% growth. Estonia, Greece, Bulgaria, and Romania also saw significant increases. Conversely, Cyprus, Luxembourg, Latvia, and Ireland reported notable declines in trade with Iran.

Imports from Iran: Estonia, Greece, Croatia, Denmark, and Hungary recorded the highest growth rates, while Cyprus, Luxembourg, Ireland, and the Baltic states experienced declines.

Exports to Iran: Finland, Romania, Lithuania, Bulgaria, and Germany led the growth in exports, while Luxembourg, Croatia, Latvia, and Ireland saw reduced export volumes.

With €430 million in exports, the Netherlands has solidified its position as a key European supplier to Iran, second only to Germany. This reinforces its strategic role in Iran’s trade network within the EU.

The report underscores the evolving dynamics of Iran-EU trade, highlighting opportunities and challenges amid fluctuating trade balances and shifting regional partnerships.

source : IRAN NEWS ECONOMIC DESK

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https://irannewsdaily.com/?p=153119

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