EU Imports from Iran Jump by 77% in August

News ID: 533367 Service: Economy
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TEHRAN (Tasnim) – The value of Iranian exports to the European Union (EU) has witnessed a 77 percent increase in August compared with the same month in 2013, reaching 80 million euros, data released by the Eurostat showed.

Trade turnover between Iran and the 28 member states of the EU during the first eight months of 2014 stood at 4.587 billion euros, according to the Eurostat.

The value of Iran-EU trade exchanges from January to August 2014 grew by 15 percent, compared to the same period last year, which had amounted to €3.975 billion, the data indicate. 

The EU imports from Iran during the first eight months of 2014 reached €645 million, showing a 28 percent increase, compared to the same period last year, in which the figure stood at €504 million.

According to the data, the total value of EU imports from the Islamic Republic in August 2014 amounted to €80 million, indicating a 77 percent increase compared with August 2013.   

In an interview with the Tasnim News Agency earlier this week, a senior member of the European Parliament (EP) said that the economies of Iran and the European Union are already interdependent, and expressed optimism that the future of mutual trade between Tehran and the EU is even more promising.

“The EU and Iran have a long history of economic transactions and a high record in our trade and financial affairs,” Eva Kaili, a Greek politician and member of the EP, said.

“A wide range of products cross every year our borders, including energy products, machinery, vehicles, chemicals and manufactured goods. Our economies are already interdependent and the prospects are even more promising," she said.

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