In March 2023, exports to Iran fell by 67% year-on-year, totaling approximately 25 million euros. Neighboring countries also experienced substantial decreases: exports to Qatar dropped nearly 60% to around 54 million euros, while those to Iraq and Kuwait decreased by 55% and 58%, respectively. Overall, exports to eight Middle Eastern nations amounted to nearly 1.5 billion euros, reflecting a decline of 757 million euros compared to the previous year. Experts attribute this downturn primarily to the ongoing conflict and the blockade of the Strait of Hormuz imposed by Iran.