TEHRAN: Iran’s exports to European Union have increased 500 per cent to reach 3.4 billion euros ($3.9billion) in the first four months of the year compared to the same period in 2016, a report said.
According to the Statistical Office of the European Communities (Eurostat), the comparison also shows 127 per cent increase in commercial exchange between Iran and EU countries, reaching from 2.9 billion euros to 6.55 billion euros, reported Irna. Europe’s exports to Iran also show a 44 per cent increase, reaching 3.15 billion euros. It was 2.17 billion euros in the first four months of 2016. The changes are due to termination of oil sanctions and Europe’s restarting to buy oil from Iran, the report said.
