Volume. 12227

Iran-EU trade hits €2.8b in 2014: Eurostat
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c_330_235_16777215_0___images_stories_edim_01_ma1(2).jpgTEHRAN – Trade between Iran and the European Union amounted to €2.8 billion in the first five months of 2014, a 5 percent increase compared to the same period in 2013, according to the EU statistics agency Eurostat.
The EU exported €2.415 billion worth of goods to Iran during the 5-month period, a 4 percent rise compared to the year before, when the figure was €2.315 billion, the Tasnim News Agency reported on Sunday, citing Eurostat data. 
EU imports of goods from Iran totaled €386 million from January to May 2014, an 11 percent rise compared to the €347 million in imports in the first five months of 2013.
Meanwhile, the value of EU exports to Iran exceeded €544 million in May 2014, a 43 percent rise compared to May 2013. EU nations imported €63.1 million worth of goods from Iran in May 2014, an 8 percent increase compared to May 2013.
Iran transacted non-oil goods with 177 countries in the previous Iranian calendar year, which ended on March 20, according to the Iran Customs Administration.
The balance of trade with 91 countries was positive.
The country exported $31.332 billion of non-oil goods, excluding gas condensates, and imported $50.818 billion of non-oil goods during the 12-month period.
Iran had the highest positive trade balance with Iraq, Afghanistan, Turkmenistan, Egypt, and Azerbaijan, while it registered the highest negative trade balance with the United Arab Emirates, South Korea, Switzerland, China, and Germany.

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