Iran managed to export 189,400 tonnes of textile products worth US $ 1.13 billion in the fiscal year ended March 20, 2017, claims Iran Chamber of Commerce, Industries, Mines and Agriculture. An 8.1 per cent growth was recorded in volume, while value dipped 1.7 per cent on a Y-o-Y basis.
The statistic shows that nearly 5,700 tonnes of hand-woven Iran carpets, valued at US $ 345.7 million, were exported during the said period, marking a 7.5 per cent and 18.4 per cent Y-o-Y growth in volume and value terms, respectively.
It is being cited that implementation of Joint Comprehensive Plan of Action, a nuclear pact which Iran and major countries like China, UK, US, Russia and France had signed in 2015, contributed to the growth as it made possible for Iran to recommence its hand-woven carpets export to the US, which had barred the import of Iranian carpets, among other products, in September 2010.
Additionally, US $ 306.5 million worth of machine-woven carpets weighing 55,500 tonnes, were exported from Iran during the year with 4.3 per cent rise in volume and 8.9 per cent drop in value. The Chamber has also reported that export of textiles stood at US $ 278.3 million, registering 8.6 per cent and 1.7 per cent growth in volume and value, respectively, on the yearly note with products weighing 98,500 tonnes.
Iran also performed well in the apparel segment. The country exported with 3,800 tonnes of apparel items worth US $ 46.2 million, up 2.6 per cent in volume and 3.9 per cent in value when compared to previous fiscal. Meanwhile, export of leather products (8,100 tonnes) reached US $ 61.3 million, noting a commendable growth of 15.7 per cent in volume and 3.2 per cent in value on a Y-o-Y basis.
