Eurostat: Iran-EU Trade Hit €5.2bn

Date: 25 February 2023 - 22:50

News ID: ۱۱۲۷۹۱

TEHRAN – New data released by Eurostat show that Iran and the European Union’s 27 member states traded €5.23 billion worth of goods in 2022, registering a 7.95% rise compared with the year before.
Eurostat reports Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged €1.86 billion worth of goods, 8.56% more than in 2021.
Italy came next with €713.17 million worth of trade with Iran to register a 13.32% rise. The Netherlands with €445.57 million (down 7.61%) and Spain with €378.46 million (up 12.67%) were Iran’s other major European trade partners.
Croatia registered the highest growth of 48.84% in trade with Iran during the period under review and was followed by Bulgaria with 44.13%

Iran-India Trade
Exchanges Hit $2.5 bn

The trade exchanges between the Islamic Republic of Iran and India have hit $ 2.5 billion in 2022, an Indian source reported.
India’s imports of Iranian oil products surged fourfold in 2022, the Ministry of Commerce and Industry of India reported.
Iran-India trade exchanges have seen a 48 percent hike compared to the corresponding period the year before, the source added.
The total trade between the two countries hit around $1.69 billion in 2021, it further noted.
India’s exports to Iran grew by 44 percent between January and December 2022, reaching $1.84 billion, according to the Indian source.
India exported $1.28 billion worth of goods to Iran in 2021, the source reported.
It also reported that India’s imports from Iran also increased by 60 percent in 2022, hitting $653 million.