Economy, Domestic Economy

Textile Exports Hit $1.1b Last Year

Textile Exports Hit $1.1b Last YearTextile Exports Hit $1.1b Last Year

Some 189,400 tons of textile products worth more than $1.13 billion were exported in the last Iranian year that ended March 20, 2017, registering an 8.1% rise in weight and a 1.7% decrease in value compared with the year before.

Nearly 5,700 tons of hand-woven carpets worth $345.7 million were exported during the period, indicating a 7.5% and 18.4% year-on-year growth in tonnage and value respectively, Iran Chamber of Commerce, Industries, Mines and Agriculture’s news portal reported.

The increase in carpet exports is mainly attributed to the implementation of the Joint Comprehensive Plan of Action (the formal name of the nuclear deal Iran signed with world powers in 2015), which made it possible for Iran to resume hand-woven Persian carpets to the US, traditionally the biggest market for the Iranian product.

The US banned the import of Iranian carpets, among other products, in September 2010.

About $306.5 million worth of machine-woven carpets weighing 55,500 tons were exported, showing a 4.3% rise in weight and 8.9% decrease in value year-on-year.

The export of textiles stood at 98,500 tons worth $278.3 million, registering an 8.6% and a 1.7% YOY growth in weight and value respectively.

Some 3,800 tons of apparel and 8,100 tons of leather products worth $46.2 million and $61.3 million respectively were exported. Apparel exports indicated a 2.6% and 3.9% YOY decline in weight and value respectively while leather product exports experienced a 15.7% and 3.2% YOY growth in volume and value respectively.

Finally, 17,800 tons of shoes worth $96.6 million were exported, showing a 17.9% rise in weight and 33.1% fall in value.

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