Textiles

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Iran's imports decline sharply as country strives for self-reliance

25 Jul '23

3 min read

Pic: Shutterstock

Pic: Shutterstock

Insights

Iran has experienced a sharp decline in textile imports, dropping to $1,042 million in 2022 from $2,519 million in 2011.
In response to sanctions, Iran is implementing import substitution policies, focusing on domestic production and diversifying trade partners.
This self-reliance drive comes as sanctions severely impact Iran's oil export capacity.

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