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India's fabric exports to Iran fail to improve despite trading in INR

19 Aug '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • India and Iran's arrangement to trade in INR since November 2019 has not boosted textile trade.
  • Fabric exports to Iran fell sharply in **** and have not recovered to 2019 levels.
  • In ****, India's share in Iran's fabric imports was only *.* per cent.
  • India has started trading in INR with other countries including Sri Lanka, Nepal, Bangladesh, and Russia.

India exported fabric worth $*.*** million from January to May **** to Iran. The shipment was recorded at $**.*** million in ****, but it plummeted to $*.*** million in **** due to COVID-related disruption, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro. Fabric exports were recorded at $*.*** million in **** and $**.*** million in ****

India&#**;s apparel exports were noted at $*.*** million in ****. Subsequently, the trade was $*.*** million in ****, $*.*** million in ****, and $*.*** million in ****. During the first two months of this year, the shipment was noted at just $*.*** million. 

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