German exports to Iran soared by 26 percent

German exports to Iran rose by 26 percent last year and by more than 30 percent in January alone, an economist at Germany's Chamber of Commerce and Industry (DIHK) said on Monday, as trade between the two countries picks up after sanctions were lifted.
Trade between Germany and Iran was worth 2.9 billion euros in 2016, up from 2.4 billion euros in 2015, data from the Federal Statistics Office showed. Exports of German goods accounted for 2.6 billion euros of that amount. DIHK foreign trade economist Volker Treier told Reuters he was sticking to the aim of boosting trade in goods between Germany and Iran to 5 billion euros by the end of 2018.