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Iran, Europe trade rises 75% in 8 months

IEBC- Tehran: Trade exchange between Iran and Europe increased by 75 % in the first 8 month of 2017, compared to the same period of last year.

Based on the latest figures released by the European Union’s statistics agency Eurostat, Iran-Europe trade stood at €13.6 billion in the first eight months of this year, while the figure was €7.5 billion in the time span from January to August 2016.

The upward trend of Europe’s imports of Iranian crude oil, following the implementation of Iran’s nuclear deal with G5+1, has played an important role in pushing the figure up, the report adds.

Europeans imported €6.5 billion of goods from Iran in the first eight months of 2017, showing 144% growth from €2.66 billion in the same period in 2016.

Their exports to the Islamic country in the first eight months of 2017, registering 37 percent rise, hit €6.66 billion, while the figure stood at €4.84 billion in the same time in the preceding year.

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