500 percent increase in Iran’s exports to Europe
02 Jul 2017- Official figures show the volume of Iran’s non-oil exports to the European Union (EU) saw a gigantic increase of five folds over the first four months of 2017.
Iran’s exports to European Union have increased 500 percent to reach € 3.4b in the first 4 months of 2017 compared to the same period in 2016.
According to the Statistical Office of the European Communities (Eurostat), the comparison also shows 127 percent increase in commercial exchange between Iran and EU countries, reaching from € 2.9b to € 6.55b, IRNA reported.
Europe’s exports to Iran also show a 44 percent increase, reaching € 3.15b. It was € 2.17b in the first four months of 2016.
The changes are due to termination of oil sanctions and Europe’s restarting to buy oil from Iran.