Iran Carpet Export in Very Bad Condition
IRAN NEWS ECONOMIC DESK
TEHRAN – A member of Tehran Chamber of Commerce believes Iran’s carpet export is in a very bad condition due to several existing problems.
Speaking to ILNA, Mr. Razi Miri said that the current condition because of the Coronavirus has put the people in bad a situation in the target countries for exports, and by the way Iran is currently under the U.S. sanctions and it has problem in trade and transfer of money and transportation.
He added due to these problems, Iran’s exports are currently in a very bad condition. On using method of bartering goods for carpet exports, he said export of carpet and the like goods like traditional goods is not like the export of industrial goods which are in great number. He added it means one consignment of carpet export may value between 10,000 to 20,000 dollars, adding that carpet export can on aggregate have huge amount of turnover but the figure for each individual is not a big number. So this method is not compatible with bartering because importers need a big amount of money and exporter of carpet cannot provide it, he noted.
Miri went on to say that so bartering cannot happen in this case and this issue creates many problems for exporters of carpet.
On the effects of volatile forex rate in the market, he said the rise and fall of the dollar rate not only is a disaster for the carpet exporter but also for all exporters.
Miri stated that this is the worst condition for an exporter who does not know his future of trade.
Touching upon the condition of carpet producers and exporters, he said the condition is very bad because carpet is not a basic commodity and it is considered a luxurious commodity. He said in normal condition, the target markets can help the industry but currently due to the coronavirus pandemic, all of the target markets are in bad condition, and by the way Iran is under sanctions and traders have problem for trade with the target markets especially in transfer of money and transportation.
Miri concluded his words by saying that the carpet export condition is currently very bad.