Financial Tribune - Iran exported �225.61 million worth of commodities to the EU, indicating a 26.85% rise, and imported �940.43 billion in return to register a 5.08% year-on-year decline

Trade between Iran and EU member states during January-March 2020 stood at �1.16 billion to register a 0.22% decline compared with last year�s corresponding period, latest data provided by the European Statistical Office show.

Germany, Italy and the Netherlands were Iran�s top three trading partners in the European bloc with bilateral exchanges standing at �491.18 million, �171.83 million and �128.36 million respectively.

Iran�s trade with Luxembourg (�488,018), Slovakia (�3.32 million) and Bulgaria (�43.7 million) increased by 589.68%, 141.4% and 106.76% respectively year-on-year�the highest among EU states.

Trade with Malta (�1,536 million), Finland (�1.87 million), Ireland (�3.89 million), Sweden (�9.3 million) and Romania (�20.86 million) saw the sharpest declines of 98.8%, 77.12%, 77%, 67.17% and 65.21% respectively.