Tuesday , 7 December 2021

Iran-EU trade up 165% in first quarter of 2017

PayvandNews – The European Union’s trade with Iran amounted to 5.3 billion Euros in the first quarter of 2017, a 165 percent rise from 2 billion Euros in the first quarter of 2016, based on the latest figures released by the European Union’s statistics agency Eurostat.

The EU’s exports to Iran stood at 2.53 billion Euros during January-March this year, indicating 57-percent growth from 1.604 billion Euros in the same time span last year.

Iran’s exports to the EU amounted to 2.77 billion Euros in the said time, with seven-fold rise from 396 million Euros in the same period in the preceding year.

After the lifting of sanctions against the country in January 2016, Iran’s been trying to regain its traditional European clients.