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EghtesadOnline: Imports of EU from Iran increased fivefold during the first four months of 2017 in comparison with the same period in the preceding year, European Union’s statistics agency Eurostat reported.

Iran exported €3.41 billion of goods to EU in the said period, while the figure stood at €717 million in the same period of time in 2016.

According to the Eurostat’s report, Iran-EU trade stood at €6.55 billion, growing 127 percent in the said time span from that of €2.88 billion in 2016, TehranTimes reported.

From January to April 2017, exports of EU to Iran hit €3.14 billion, boosting 44 percent from the first four months of 2016, i.e. €2.17 billion. 

In the said time, Germany was the main exporter to Iran exporting €832 million, while Italy was the major customer of Iranian products, importing €1 billion of goods.

EU’s trade with Iran amounted to €13.7 billion in 2016, a 78 percent rise compared to 2015, based on the figures released by the Eurostat in February 2017. 

The figure was reportedly €7.68 billion in 2015.

Eurostat Iran-EU trade