Iran' s apparel exports increase 61.4% in March 2021-22

As per the latest report by the FashionatingWorld, Iran’s apparel exports increased 61.4 per cent to $113 million in the last Iranian year spanning March 2021-22 compared to $70 million worth of garments exported the year before, informs Majid Nami, Head-Board of Directors, Iran Apparel and Textile Production and Exports Union.

Iraq, Afghanistan, the littoral states of Persian Gulf as well as Central Asian countries emerged the major export destination, adds Nami. The strict sanctions imposed on Iran, makes import of raw materials, production lines and required machinery difficult and expensive. Hence, Iran has not been able to boost the quality and volume of its apparel exports and lower the end prices, Nami adds.