Based on the Eurostat data, the trade between the two sides fell 11 percent in the said quarter compared to the previous year’s same period, which was €1.33 billion, IRNA reported.
The EU’s exports to Iran stood at €960 million during the first quarter of 2023, registering a decrease of nine percent compared to the same period of the previous year as the EU exports to Iran amounted to €1.055 billion.
The European Union’s imports from Iran also reached €220 million in the first quarter of 2023 with a 20 percent decrease compared to the same period last year. In the same quarter of the previous year, the block imported €275 million worth of goods from Iran.
According to Eurostat figures, Iran’s export to the European Union’s member states rose 15 percent in 2022, as compared to the previous year.
The Eurostat’s data show that Iran exported commodities, worth €1.055 billion, to the union in 2022, while the figure was €922 million in 2021.