76738
Tehran Hosts Int’l Home Appliances Expo
Tehran Hosts Int’l Home Appliances Expo

Tehran Hosts Int’l Home Appliances Expo

Tehran Hosts Int’l Home Appliances Expo

Tehran is hosting the 17th International Exhibition of Home Appliances that opened on Thursday and will run through Nov. 28.
“Our home appliances industry accounts for 0.7% of the country’s gross domestic product,” Minister of Industries Mohammad Shariatmadari said during the opening ceremony of the exhibition, IRNA reported.
According to Iran’s Home Appliances Association Secretary Habibollah Ansari, 298 domestic and 137 foreign companies from China, Russia, Turkey, Italy, Germany, South Korea, Thailand, Taiwan, Japan, Malaysia, Indonesia, Slovenia, Slovakia, Poland, Czech Republic, the Netherlands, Spain, France and Switzerland are taking part in the event.
According to the official, Iran’s home appliance industry currently has a turnover of $8 billion per year, as local production meets 75% of domestic demand.
He added that some 400 small and large units producing home appliances are active in Iran, which have created more than 100,000 jobs.
According to Abbas Hashemi, director general of Metal Products and Home Appliances Department of the Ministry of Industries, Iran’s home appliance imports stood at $722 million in the fiscal 2016-17.
China, the UAE, South Korea, Turkey, Thailand, Italy and Germany are major exporters of home appliances to Iran. The main appliances imported into Iran include split air conditioners, refrigerators and small appliances.
Hashemi said smuggling has a 17% (about $1.2-1.3 billion) share in the Iranian home appliances market.
Iran also exports home appliances. Last fiscal year (March 2016-17) it exported $245 million worth of home appliances. Evaporative coolers, cooling devices, refrigerators and gas appliances are among major products exported from Iran, mainly to Iraq, Afghanistan, Turkmenistan, the UAE, Syria and Italy.
Deputy Minister of Industries Reza Rahmani said Iran is targeting the export figures of $600 million, $1.6 billion and $3 billion worth of home appliances in the current Iranian year (2017-18), 2020-21 and 2025-26 respectively.

Short URL : https://goo.gl/FSG2fa
  1. https://goo.gl/RBKkJt
  • https://goo.gl/9MxcFN
  • https://goo.gl/Zwk3P5
  • https://goo.gl/aR8jwh
  • https://goo.gl/smMaAy

You can also read ...

Qatar, Oman Becoming Iran's New Trade Gateways
Iran is working to curb its trade ties with the UAE, replacing...
Connectivity Central to Iran-India Future Ties
Iranian President Hassan Rouhani’s recent state visit to India...
Exports to Thailand, Indonesia See Biggest Rise
Iran’s exports to Thailand and Indonesia, crude oil excluded,...
Renewed Efforts to Sideline US Dollar in Foreign Trade
Months after a meeting between Iran’s Leader Ayatollah Seyyed...
SAIPA Mulling Options to Replace Pride
Reports from the SAIPA Group show that the second major local...
Shahid Rajaee Port’s Phase 3 Launch on Wed.
President Hassan Rouhani is scheduled to break ground on Phase...
Rial Gaining Ground
Rial continued its gain against the US dollar in Tehran's...
Export Billet Prices Climb Amid Higher Offers, Transactions
Iranian export billet prices went up by $5-15 per ton on an...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus