500% increase in Iran’s exports to Europe

EghtesadOnline: Iran’s exports to European Union have increased 500% to reach € 3.4b in the first 4 months of 2017 compared to the same period in 2016.

News ID: ۷۷۷۴۳۴

05 July 2017

According to the Statistical Office of the European Communities (Eurostat), the comparison also shows 127% increase in commercial exchange between Iran and EU countries, reaching from € 2.9b to € 6.55b.

Europe’s exports to Iran also show a 44% increase, reaching € 3.15b. It was € 2.17b in the first four months of 2016, according to IRNA.

The changes are due to termination of oil sanctions and Europe’s restarting to buy oil from Iran.