Press release No. 157 of 18 April 2024 January to February 2024: goods to the value of 241 million euros exported to Iran

Press release No. 157 of 18 April 2024

• German exports to Iran up 22.1% on the same period a year earlier, imports from Iran down 13.1%
• Machinery, pharmaceutical and chemical products were the most important export goods in trade with Iran, the most important imported good was food
• Exports to Iran in 2023 almost one quarter lower than in 2022

WIESBADEN- In the European Union (EU), foreign trade with Iran is subject to significant restrictions (only in German). Most recently, in July 2023, restrictions were tightened further because of Iran's support for Russia's war of aggression against Ukraine. Iran's role in the conflict between Hamas, the Islamist terrorist organisation, and Israel has prompted discussions about additional sanctions. Based on provisional data, the Federal Statistical Office (Destatis) reports that goods to the value of 241 million euros were exported from Germany to Iran in the period from January to February 2024, and goods to the value of 41.2 million euros were imported from Iran. Consequently, exports to Iran were up 22.1% compared with the same period a year earlier, while imports were down 13.1%. Regarding exports in the period from January to February 2024, Iran ranked 64^th among Germany's most important trading partners, behind Colombia and ahead of Northern Macedonia. With regard to imports, Iran occupied 91^st place in the first two months of 2024, between Ghana in 90^th position and Laos in 92^nd place.