Germany had the highest volume of trade with Iran among the 27 members of European Union in the first seven months of 2020, accounting for 41% of Iran’s total exchanges with the bloc, latest statistics released by Eurostat show.

Overall trade between Iran and European states decreased by 9% to €2.64 billion during the seven months under review, €1.08 billion of which were between Iran and Germany.
Germany also recorded the highest year-on-year growth in trade with Iran among European states during the period, with 15%.

Italy was Iran’s second largest partner in the green continent, though bilateral trade barely exceeds €390 million with a 29% YOY decline.

The Netherlands came third with €291 million worth of trade with Iran, which figure is 2% higher than the same period of last year.

Source » financialtribune