Rise in Iran's Non-Oil Trade With Germany Meager

EghtesadOnline: Iran traded 115,984 tons of non-oil goods worth $139.46 million with Germany during the first Iranian month (March 21-April 20), registering a 166.34% and 1.16% growth in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.

News ID: ۷۸۴۷۴۲

02 July 2019

Germany was Iran's eighth biggest trading partner as well as the largest European trade partner during the period.

Iran’s non-oil exports to Germany stood at 43,041 tons worth $19.67 million to register a 1,239% and 91.37% growth in tonnage and value respectively year-on-year.

Germany was Iran’s 15th export destination in the world, according to Financial Tribune.

Iran exported non-alloy iron/steel ingots, antiserum, polystyrene, floorings and saffron to Germany during the month.

Germany exported 72,943 tons of commodities worth $119.79 million to Iran, up by 80.84% in tonnage and down 6.11% in value YOY. It was the sixth exporter of goods to Iran during the period.

Iran mainly imported machinery, barley, graphite electrodes used in furnaces and synthetic fibers from Germany.