The volume fell between January and April 2019, compared to the prior-year period by 48 percent to 529 million euros. The reason for the massive drop threats of Sanctions of the USA.
As the Funke media group reported, citing calculations by the German chamber of industry and Commerce day (DIHK), decreased the exports from Germany to Iran in the first four months of the current year by 49 percent to 450 million euros. This concerned mainly the German mechanical engineering industry. He stands with 41 per cent in exports at the top, followed by the chemical industry with 24 percent, and food products, with 13 percent.
Imports from Iran to Germany fell in the same period by 39 per cent to 80 million euros. Iran supplies mainly food and raw materials to Germany.
U.S. threats to show effect
The United States threatened to impose commercial sanctions on the goings-on trade with Iran. Many companies have abandoned because of this, their activities in the country or in a limited way. They fear, or to lose if markets in the United States. US President, Donald Trump had declared in the past year, one side of the exit of his country from the nuclear agreement with Iran and new financial and trade sanctions imposed.
The Europeans try to save the agreement and the trading with Iran, to maintain. The scheduled payment instrument Instex is to enable European businesses to drive in spite of the US sanctions on trading with Iran. So far, the efforts remained largely ineffective.
haz/yy (afp, rtr)