Iran’s trade with 28 member states of the European Union during the first seven months of 2018 amounted to more than €10.2 billion, indicating a 7.95% decrease compared with last year’s corresponding period.

Iran’s top five trade partners over the period were Italy, France, Spain, Germany and Greece with more than €2.55 billion, €1.6 billion, €1.52 billion, €1.39 billion and €976.3 million worth of exchanges respectively.

Trade with Croatia (€62.84 million), Hungary (€75.13 million) Latvia (€6.19 million), Spain (€1.52 billion) and Greece (€976.3 million) saw the highest increase of 1,779%, 237.04%, 196.03%, 60.36% and 24.64% respectively. 

Iran’s sharpest trade decline was recorded with Cyprus (66.99%), Bulgaria (62.5%), Portugal (62.38%), the Netherlands (45.32%) and Malta (41.03%).