Iran’s Exports to Europe Boost by 500%

Iran’s Exports to Europe Boost by 500%

Iran’s exports to the European Union have increased 500% and reached around $3.86b in the first four months of 2017 in comparison to the same period in 2016. Moreover, the commercial exchange between Iran and EU countries increased by 127% from $3.29b to $7.44b, according to Zawya.

Meanwhile, EU’s exports to Iran witnessed a 44% increase to .

58b from $2.46b in the first four months of 2016, Iran Daily stated.

The changes in the exports and imports amounts are due to termination of oil sanctions previously imposed on Iran.

Dr. Mahinaz El-Baz 318 Posts

Mahinaz El Baz received her PhD degree in International Economics from Helwan University in 2022. She has +10 years of experience in journalism and economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.

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