Cheap Imports Remain Main Challenge to Armenia's Textile and Clothing Manufacturers

12:52, June 25, 2015

Armenian produced 544 million AMD (US$1.151 million) worth of textiles in 2014 and 7.334 billion AMD ($15.5 million) worth of clothing.

In comparison to 2013, this reflects a 2.9% drop in textiles and a 16.1% increase in clothing.

Textile production in the first four months of 2015 amounted to 134.5 million AMD ($ 284,600) and 1.980 billion ($4.189 million) AMD in clothing.

Light industry comprised some one-third of the economy in Soviet Armenia. After the collapse of the Soviet Union the textiles and clothing production sectors saw declines of up to 60-70%

Light industry was also a major employer – some 115,000 people or 25-30% of the labor market.  Read more... (260 words)

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