Iranian Carpet Exports Up 140%

Tehran, Iran, February 1—-According to Iran's Customs Administration agency ILNA, machine-made carpets from March-December 2004 went up 140 percent to reach $41.1 million in the same period, while $22 million worth of yarns was exported. Yarn exports showed a 36% increase against the figures for 2003. The combined textiles and garments exports reached about $243.5 million during March-December 2004, up seven percent against the figure for the corresponding period the previous year. In recent times several textile factories in Tehran, Isfahan, Yazd and Zanjan have closed due to the government policies. Experts state that Europe has reduced the prices of its textile products in the past decade whereas prices have doubled in Iran due to lack of competition. The textile sector production costs in Iran are 30 percent higher than global levels. The situation is further compounded by the several factors like poor competition and Chinese dominance, legal and administrative obstacles to production that result in exorbitant prices of domestic products.