19 February 2016
The value of Dutch exports of goods to Iran grew generously with 450 million euros in 2015, an increase of 21 percent within twelve months. Exporters were faced with trade restrictions in recent years. As a result of the restrictions, Iran occupied a humble 64th position on the list of export destinations last year. Pistachio nuts are Iran’s most important export product to the Netherlands.
Medical instruments and equipment make up more than one-third of Dutch exports to Iran. After Europe and the USA phased in a trade embargo in 2010, exports to Iran decreased significantly. The value of Dutch goods exported to Iran was plummeting from 600 million euros in 2011 to 250 million euros two years later. The number of exporters was reduced almost by half over the past five years. In 2015 more than 500 companies exported their goods to Iran.
Iran was still a key oil supplier to the Netherlands at a total value of 900 million euros in 2010. After 2012 the Netherlands cut of the whole oil imports from Iran completely. In 2015 imports of Iranian goods grew by 37 percent to 31 million euros.
With an export value reaching 3 billion euros in 2014, China is Iran’s most important export destination. That year, the EU imported goods worth nearly 1.2 billion euros from Iran. Over one-quarter of goods imported by Iran (with a value of 10 billion euros) come from the United Arab Emirates. The EU is Iran’s second largest trading partner with an export value of 6.4 billion euros. Germany tops the list with a share of 37 percent.