Annual home appliance exports stand at $200m

May 28, 2021 - 13:49

TEHRAN - Iran exported $200 million worth of home appliances during the previous Iranian calendar year (ended on March 20), according to an official with the Industry, Mining and Trade Ministry.

Keyvan Gordan, director-general of the electrical, metal, and home appliances office of the Industry Ministry said the ministry has targeted $600 million of exports for the mentioned sector in the current year.

Speaking in a gathering of the country’s home appliance parts manufacturers in Tehran on Wednesday, Gordan said Iran halted the imports of home appliances in June 2018 to support domestic production, and last year we achieved self-sufficiency in this sector.

“This year we intend to increase production and have a strong presence in export destinations,” he stressed.

Pointing to the $6 billion turnover of the home appliance industry, the official said: “This industry has provided 300,000 direct jobs as well as one million indirect jobs in the country and 500 manufacturing companies are currently active in this sector.”

Over the past few years, the Iranian government has been following a new strategy for supporting domestic production to neutralize the impacts of the U.S. sanctions while reducing the reliance of the economy on oil revenues.

The home appliances sector has been one of the pioneers in this regard and like many other areas, the production of home appliances has witnessed a significant rise in the past two years.

Last week, Iran’s Deputy Industry, Mining, and Trade Minister Mehdi Sadeqi Niaraki said that the country’s home appliance industry experienced 78-percent growth in the past Iranian calendar year.

The growth was achieved despite the restrictions on the manufacturing sector, the official said, adding, “While foreign brands left Iran, manufacturers were able to achieve this leap by relying on domestic capacities.”

Back in April, Niaraki had said that considering the Iranian home appliance industry’s infrastructure and capacities, the country will be able to become a net exporter of such products in the near future because most of the raw materials needed by the mentioned sector are produced domestically.

Stating that the Industry, Mining, and Trade Ministry will definitely support domestic manufacturers and national brands, the official added: "Today we have the necessary manpower, knowledge, and infrastructure in the field, so there is no reason to look for foreign sources to meet the country’s demands."

EF/MA

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