News ID: 211176
Published: 0730 GMT March 06, 2018

EU-Iran foreign trade reaches €21b

EU-Iran foreign trade reaches €21b

Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said Iran's foreign trade with the European Union grew by 52 percent to reach 21 billion euros in the first 10 months of current Iranian year.

Inflation rate is 8.2 percent according to the Center for Statistics of Iran and 9.9 percent, according to the Central Bank, indicating that we have been able to reach a one-digit inflation rate, he noted, MNA reported.

Khansari said the capital formation index has registered negative growth rates since 2011, but it has reached higher rate this year, to zero.

In 2017 the European Union (EU28) export of goods to Iran stood at €10,822 million, an increase of 32 percent compared with the year 2016. According to the la­test (preliminary) data by Eurostat, the statistical office of the European Union, 27 percent of the EU-ex­ports to Iran came from Germany, which delivered goods worth € 2,962 million that was 15 percent more than in the year 2016.  Second (16 percent) was Italy with exports worth € 1,735 million (+13 percent), followed by France (€ 1,501 million +108 percent) and the Netherlands (€ 1,079 million, +51 percent).  


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