Business record of Iran and Europe; Exports grew by 5%

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Also, in November 2024, the trade volume between Iran and Europe reached 377 million euros, which is a 19% decrease compared to the trade volume of 467 million euros in the same month last year. Europe’s exports to Iran also decreased by 22% compared to November last year, from 383 million euros to 299 million euros. On the other hand, during this time frame, Iran’s exports to Europe have increased from 84 million euros to 78 million euros and experienced a 7% growth compared to the same month last year.

The largest group of goods exported from Iran to the European Union (SITC standard) with 20% growth, including food and livestock worth 270 million euros and the largest group of goods exported from Europe to Iran with The seven percent decrease was for cars and industrial machinery worth one billion and 180 million euros.

According to these statistics, Germany is still Iran’s first trading partner in Europe, followed by Italy, the Netherlands and Belgium.