Textile Products Trade Registers $8m Surplus
EghtesadOnline: 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), according to Financial Tribune.