Iran raises footwear exports

Business Materials 19 November 2018 10:49 (UTC +04:00)

Baku, Azerbaijan, Nov.19

By Elnur Bahgishov – Trend:

Despite the lack of raw materials and the difficult production conditions, Iran’s footwear exports have increased, head of Iran’s Handmade Shoemakers and Sellers Union Rasoul Shajari told ISNA.

He noted that the appreciation of foreign currency, especially dollar has caused problems in the import of raw materials, which has considerably affected the production volume.

Shajari noted that the price for raw materials has increased by 200 percent starting from March 21, 2018.

In the first half of the current Iranian year (started March 21), Iran's shoe exports amounted to $62 million showing a 54 percent increase.

Some 13,402 tons of shoes were exported during the period and this indicates a 3 percent growth.

During the same period last year, 7,778 tons of footwear and related items worth $40 million were exported.

According to the statistics of the Iran Customs Administration, the worth of non-oil exports in the first six months of the current year was over $23.12 billion.