As per Textile, Apparel and Leather Industry Organisation affliated to the Ministry of Industries, Mining and Trade of Iran, the country exported around $715 million worth of clothing and garments in the first seven months of the current fiscal (March 2018-October 2018) registering a significant 28 per cent growth compared to last year’s similar period.
Skyrocketing rates of foreign currency in the past months and the promising boost in the sector’s productivity were the two triggers of growth in the exports of clothing and apparels. Import of basic raw materials, such as fibers, also witnessed a significant growth as compared to the same period of last year, which proves the development in the industrial and production units’ activities.