55508
Furniture Imports Outstrip Exports
Furniture Imports Outstrip Exports

Furniture Imports Outstrip Exports

Furniture Imports Outstrip Exports

Iran imports around $141 million worth of furniture every year while exports are minimal, said the deputy minister of industries, mining and trade. Ali Yazdani made the statement at the Ninth International Conference on World Trade in Furniture, Design, Decoration Art and Related Industries, otherwise known as Deco 2016. The conference was held on Wednesday. Unofficial statistics suggest that Iran’s furniture exports stand at $25 million annually. “More than 46,000 production units are operating across Iran, accounting for 8% of all the jobs in the industrial sector. There are over 10,500 sales outlets in the furniture business employing nearly 86,000 people,” IRNA quoted Yazdani as saying. Akbar Torkan, the head of the Supreme Council of Iran’s Free Trade, Industrial and Special Economic Zones, who was also present at the conference, put the size of the domestic market for furniture and decoration at $5 billion and $3 billion respectively. “The furniture and decoration industries generate 2% of Iran’s gross domestic product and create more jobs compared with other industries such as petrochemicals, energy and steel. The domestic market is on the verge of saturation and we need to embark on exports,” ILNA quoted the official as saying.

Short URL : https://goo.gl/luPE85
  1. https://goo.gl/tEGHqX
  • https://goo.gl/SKW85J
  • https://goo.gl/Q3VQXG
  • https://goo.gl/BcT26d
  • https://goo.gl/7PwLmu

You can also read ...

Italian investment companies remain active in Iran, despite...
Iranian Insurance Firms' Premium Income Exceeds $1.2b in H1 (Mar-Sep 2018)
Iran insurance industry earned 183 trillion rials ($1.28...
Iran, India Leading Global Ammonia Capacity Growth
Iran and India will continue to lead the global ammonia market...
Iran Auto Industry Hither and Thither
Over the past few days, Iran’s beleaguered auto industry has...
Iran-Russia Non-Oil Trade Sees Over 80 Percent Hike (September 2018)
Iran traded 956,662 tons of non-oil commodities worth close to...
First-Timers Constitute 20% of Tehran Homebuyers
First-time homebuyers have accounted for a 20% share of total...
US Sanctions Against Iran Ridicule Int'l Norms
Foreign Ministry Spokesman Bahram Qasemi on Wednesday...
Iran Slips 1 Spot in WEF's Global Competitiveness Index
The World Economic Forum’s “Global Competitiveness Report 2018...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus