EU trade with Iran up 22% in 1Q

May 24, 2016

TEHRAN- Trade between Iran and the European Union stood at €1.998 billion in the first three months of 2016 following the execution of nuclear deal with P5+1, Tasnim news agency reported on Tuesday.

According to Eurostat, the figure registered a 22 percent growth from €1.634 billion in the same period in 2015.
As reported, EU exports to Iran hit €1,602 billion in the first three months of the current year, which shows a 16-percent rise from €1,374 billion in the same period last year.
At the same time, EU’s imports from the Islamic Republic increased 52 percent and stood at €396 million, while the amount was €260 million in the same months in 2015.

HJ/MA

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