Iran’s exports to EU grows by 13% in nine months

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Iran’s exports to the European Union have grown by 13 percent over the first nine months of 2020 compared to the previous year’s corresponding period, according to a report by Tehran Chamber of Commerce, Trend reports citing IRNA.

Iran exported some €563 million of commodities to the European Union in the nine-month period, the report said.

The report, however, said that Iran’s imports from the European Union stood at €2.78 billion which showed a 15 percent decrease compared to the same period last year.

The report also suggested that the total trade between Iran and the European Union amounted to €3.34 billion in the period under study which shows an 11% slash compared to figures from the preceding year.

Germany was the main destination of the Iranian commodities among the EU member states receiving some 36% of the Iranian exports to the block.