Iran became the largest importer of Uzbek cotton fiber in 2018

BUSINESS 16:35 / 22.01.2019 1158

In 2018, Iran became the largest importer of Uzbek cotton fiber, Kun.uz correspondent reports citing data from the State Statistics Committee.

Islamic Republic of Iran last year imported cotton fiber for $115.7 million (in 2015 for $24 million).

The second place was taken by China - 37.9 thousand tons ($71 million), the third - Bangladesh 9.1 thousand tons ($18.5 million).

In total last year 115.6 thousand tons of cotton fiber were exported for 222.1 million dollars. For comparison, in 2017, 278.9 thousand tons of cotton fiber worth $477.1 million were sent abroad.

An analysis of the trend in the share of cotton fiber in total exports showed a gradual decline. In January-December 2015, the share of this product in total exports amounted to 5.9%. 503.8 thousand tons of raw materials for $736.1 million were exported.

In January-December 2016, 416 thousand tons of fiber were sold abroad for $637.3 million. And in 2017, its share in total exports decreased to 3.8%.

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