Iran becomes largest importer of Uzbek cotton fiber
Baku, Azerbaijan, January 22
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.