Contraband Accounts for $2b of Iran’s $8 Billion Apparel Market

Smuggled products constitute around $2 billion or 25% of Iran’s annual apparel market, according to the secretary of Textile and Apparel Producers and Exporters Union.
“At present, Iran’s apparel market is worth $8 billion. The figure shows a decline compared with the fiscal 2017-18 when the market size was more than $12 billion. The main reasons are the Covid-19 pandemic that has influenced the global clothing market, in addition to the depreciation of rial against the dollar,” Saeed Jalali Qadiri was also quoted as saying by the news portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture.