Sectorial Brochure Textile & Apparel Industry of Armenia/BA | Page 2

TEXTILE & APPAREL
LEATHER & SHOES
KEY FACTS
Export of textile &
apparel, leather & shoes
grew 2.7 times
between 2014
and 2017
Access to a consumer
market with more than
1.5 billion people
with 0% or reduced
duties
Export opportunities:
the majority of EAEU
countries are textile
importers
Competitive labor
cost of $1.98/hour
Low electricity prices of
8 US cent/kWh
1
High quality
standards: 42.5% of
Armenian textile &
garments are
exported to EU