Home Textile Textile Products Trade Registers $8m Surplus

Textile Products Trade Registers $8m Surplus

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A total of 260,000 tons of textile products worth $955 million were exported from Iran in the first 10 months of the current fiscal year (March 21, 2018-Jan. 20) to register an 18.7% and 6.5% increase in tonnage and value respectively compared with last year’s corresponding period.

“Imports stood at 339,000 tons valued at $947 million during the same period to register a 38.4% and 36% decline in tonnage and value respectively year-on-year,” IRNA quoted Director General of the Ministry of Industries, Mining and Trade’s Textile and Clothing Industries Department Afsaneh Mehrabi as saying.

Accordingly, Iran registered a trade surplus of $8 million in the textile industry.

Mehrabi believes there is no problem in meeting domestic demand for apparel in the closing days of the current fiscal year (ending March 20).

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