Domestic Economy

Shoe Exports Decline in First Quarter

Shoe Exports Decline in First Quarter
Shoe Exports Decline in First Quarter

The Producer Price Index for shoe industry has exceeded the general inflation and Iran-made shoes lost their comparative advantage in exports, Ali Lashgari, a member of Iran Shoe Industry Association, says.
The official added that shoe exports in the first quarter of the current Iranian year (March 21-June 21) decreased by 6.8% in value and 16% in weight compared with the same period of last year. 
“The average export of shoes in the last four years [March 2017-21] stood at 32,000 tons worth $98 million annually, i.e., $3.3 per kilogram on average. A total of 46,000 tons of shoes worth $105 million with an average price of $9.2 per kilogram were exported last year [March 2020-21] indicating a 28.9% and 36.7% increase in value and weight year-on-year,” he was quoted as saying by Tehran Chamber of Commerce, Industries, Mines and Agriculture’s news portal. 


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