TEHRAN – The European Union’s statistics office Eurostat has reported that the value of trade between Iran and the member states of the European Union (EU) has reached €1.18bn in the first three months of 2023.
According to the Eurostat, exports by the Netherlands, Italy and France to Iran increased respectively by 63%, 24%, and 17% over the March quarter.
The figures showed that trade between Iran and 27 EU member states decreased by 11% in the first quarter of 2023, compared with the same period last year.
EU’s exports to Iran from January to March 2023 reached €960 million, a fall of 9% compared with the same period of the previous year, according to the Eurostat figures.
The data showed that EU’s imports from Iran reached €220 million in March quarter, down 20% from the same period last year.