Iran-EU trade witnesses five-fold increaseStaff Writer | July 3, 2017
The volume of trade between Iran and the European Union (EU) has experienced a five-fold increase over the first four months of 2017, Press TV reported.
Trade relations EU exports to Iran rose by 44 percent
Industrial goods such as hot-rolled non-alloy iron, steel, condensate, light oils and methanol were on top of Iran's exports to the EU.
At the same period, EU exports to Iran rose by 44 percent from January to April to 3.1 billion euros (3.46 billion U.S. dollars), according to the report.
Major goods in the EU exports to Iran include machineries, pharmaceuticals, medical devices, transportation equipment and plastic products.
Germany, Spain, France, Greece and Italy are major trade partners of Iran in Europe, the report added. ■