The household appliance trade balance will become 100% positive by 2025



TEHRAN – Iranian Minister of Industry, Mines and Trade Reza Fatemi Amin has said that the country’s household appliance exports are expected to double the volume of imports by Iranian calendar year 1404 (starting in March 2025), reported IRNA.

Speaking on Saturday at a meeting with representatives of the country’s home appliance manufacturers, Fatemi Amin said, “Statistics show that exports of home appliances are much lower than imports in this sector.

Noting that despite the growth in output in the home appliance industry, the export-to-import ratio is not tenable, the official added, “This trend should change so that the export-to-import ratio will double. ‘here 1404’.

“Plans should be made so that next year we see a 50% growth in exports relative to imports,” he said, noting that an appropriate trade balance in the industry. Home appliances is the next target in this sector for Iranian calendar year 1402 (starts March 2023).

Stating that Iran is in a good position in terms of variety and quantity of production of household appliances, the minister stressed: “It should be noted that the growth of production and product development in this sector is also expected to increase. to chase.

In recent years, the Iranian government has followed a new strategy to support domestic production in order to neutralize the impacts of US sanctions while reducing the economy’s dependence on oil revenues.

The home appliance sector has been one of the pioneers in this regard, and like many other fields, the production of household appliances has seen a significant increase in the past two years.

Iran exported household appliances worth $ 200 million in the previous Iranian calendar year (ended March 20), according to an official from the Ministry of Industry, Mines and Trade.

Keyvan Gordan, director general of the office of electricity, metal and home appliances at the Ministry of Industry, said the ministry had targeted $ 600 million in exports for the mentioned sector during the year in Classes.

Speaking at a meeting of the country’s home appliance spare part manufacturers in early May, Gordan said Iran halted imports of home appliances in June 2018 to support domestic production, and the year last, we achieved self-sufficiency in this sector.

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

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

In April, Deputy Minister of Industry, Mines and Trade Mehdi Sadeqi Niaraki said the country’s home appliance industry had grown 78% in the last Iranian calendar year.

Niaraki noted that given the infrastructure and capabilities of Iran’s home appliance industry, the country will be able to become a net exporter of such products in the near future, as most of the raw materials needed for the sector mentioned are produced in the country.

Stating that the Ministry of Industry, Mines and Trade will certainly support domestic manufacturers and national brands, the official added, “Today we have the manpower, knowledge and infrastructure to do so. on the ground, there is therefore no reason to seek foreign sources to meet the country’s requirements. “




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