Iran’s Exports to EU Grow despite Virus, Sanctions

2020-September-25

TEHRAN (FNA)- Exports of Iranian products to the European Union countries increased in the 7 months of this year in spite of the coronavirus outbreak and sanctions illegally imposed by the US, though the EU imports to Iran have declined during the same period, a report showed.

The report published Thursday by Tehran chamber of commerce (TCCIMA) indicated that imports from the EU fell by over 11% compared to January-July 2019 to amount to €2.209 billion in value terms.

The report added, however, that Iran’s exports to the EU were up nearly 5% at €440 million although non-oil exports had dropped by 11% over the period.

Germany remained Iran’s top partner in the EU region doing approximately 41% of all Iran-EU exchanges worth €2.649 billion reported over the seven months to July, it showed, adding that trade with Germany and the Netherlands grew against a decline recorded in exchanges with France and Italy.

April was the worst month on record for Iran-EU trade as virus-related restrictions in both Iran and across the EU caused a decline in exchanges, the report showed.

Iran’s imports from the EU reached its lowest point in July with a 29% decline year on year, said the report, adding that trade surged significantly in January before the disease outbreak and fresh round of American sanctions illegally imposed on Iran caused a notable plummet in shipments both in terms of value and volume.

In a relevant report in June, Iran’s Agriculture Ministry said that despite the US sanctions that have caused a lot of problems for the export of fishery products, Tehran succeeded to once more obtain a license to export aquaculture and fishery products to the member states of the European Union.

Source : https://www.farsnews.ir/en/news/13990704000155/Iran%E2%80%99s-Exprs-EU-Grw-despie-Virs-Sancins