The trade value between Iran and the European Union (EU)’s member states reached €847 million in February 2024, according to the European Union's statistics office Eurostat data.

According to The Iran Project,According to Eurostat data, the trade value between Iran and member states of the European Union (EU) was €847 million in February 2024, showing a 30% increase from the same period in the previous year.

The report states that the trade value between the two sides was €780 million in February 2023.

As reported, the EU’s exports to Iran in February 2024 stood at €392 million, registering a 32 percent increase compared to the same month in 2023 when the EU’s exports to Iran were reported to be €297 million.

The European Union's imports from Iran also reached €76 million in the mentioned month with a 24 percent increase compared to 2023. EU imported €61 million of goods from Iran in February 2023.

According to Eurostat, Germany was Iran’s top trade partner in Europe in February.

Germany exported €141 million of goods to Iran and imported €19 million from Iran. German exports to Iran grew by 46 percent year on year, but imports didn’t change much.