TEHRAN (FNA)- The value of trade exchanges between Tehran and the European Union’s 27 member states hit €5.2 billion last year, registering a 7.95% rise compared with the year before.
New data released by Eurostat showed that Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged €1.86 billion worth of goods, 8.56% more than in 2021.
Italy came next with €713.17 million worth of trade with Iran to register a 13.32% rise. The Netherlands with €445.57 million (down 7.61%) and Spain with €378.46 million (up 12.67%) were Iran’s other major European trade partners, Financial Tribune reported.
Croatia registered the highest growth of 48.84% in trade with Iran during the period under review and was followed by Bulgaria with 44.13%.
The surge in foreign trade comes in the backdrop of the President Seyed Ebrahim Rayeesi administration’s agenda to expand economic ties with countries in the region and those across the globe.
Back in October, Iran’s president reiterated that Iran is achieving success as, according to the US officials’, their maximum pressure policy on Iran has been defeated.
In mid-May, Rayeesi noted that Iran is no longer worried about its oil sales despite heavy sanctions imposed by the US.
Source: Fars news agency
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