Textile Industry Armenia

One of the emerging sectors of the Armenian economy belongs to the textile industry.

Export of textile and leather grew 2.7 times in 2017 compared
with 2014.

It has an access to a consumer market with more than 1.5 billion people with 0% or reduced customs duties. Some of the export opportunities of this sector are that the majority of EAEU countries are textile importers, the competitive labor cost of $1.98/hour, low electricity prices of 8 US cent/kWh and high-quality standards: 42.5% of Armenian textile & apparel are exported to EU Export of high-quality well-designed production.
Textile, leather & shoe export grew 6 times in the last 6 years (2012-2017)
textile is also one of the oldest industries in Armenia 113 textile & apparel companies, 84 leather & shoe companies

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