Iran becomes largest importer of Uzbek cotton fiber
Baku, Azerbaijan, January 22
Trend:
Iran became the largest importer of Uzbek cotton fiber last year, Trend reports via Podrobno.uz.
Iran imported 579,000 tons of cotton fiber for $115.7 million in 2018 while similar indicators for 2015 were 1.51million tons for $24 million.
China held the second place with 379,000 tons for $71 million; the third was Bangladesh with 91,000 tons and $18.5 million.
In total, 1.15 million tons of cotton fiber were exported for $222.1 million last year. At the same time, 2.78 million tons of cotton fiber worth $477.1 million were sent abroad in 2017.
An analysis of the trend in share of cotton fiber in total exports showed a gradual decline. Thus, the share of exports of these products amounted to 5.9 percent of its total volume in 2015 while 5.03 million tons of raw materials worth $736.1 million were exported.
Furthermore, 416,000 tons of fibers were exported for $637.3 million in 2016. As a result of January-December 2017, its share in total exports decreased to 3.8 percent.
