major industries in iran

In May 2019, Mr Trump ended exemptions from US secondary sanctions - such as exclusion from US markets - for major importers of Iranian oil and tightened restrictions on the Iranian banking sector. Irans economy is characterized by the hydrocarbon sector, agriculture and services sectors, and a noticeable state presence in manufacturing and financial services. [8] Difficulty in accessing financing is also a major concern for small and medium enterprises. The Department for High Technology Industries, also known as the High Tech Industries Centre (HTIC) is active in promot… [14], As of 2019, 43,650 SMEs were based in over 800 industrial parks in Iran, of which nearly 78 percent or 33,800 were active (1,100 of those SMEs are exporting domestic products to global markets). [28][29] Migros Turk has also announced that it intends to invest in Iran's lucrative retail market. In the recent past agricultural output in the country has increased because of mechanization, modernization, and improvement on livestock and crops. [15], A 2003-report made by United Nations Industrial Development Organization regarding the state of SME's in Iran identified these causes as the ones impeding Iran's industrial development: lack of monitoring institutions, inefficient banking system, lack of sufficient R&D, shortage of managerial skills, corruption, inefficient taxation, socio-cultural apprehensions, absence of social learning loops, lack of familiarity with international markets necessary for global competition, cumbersome bureaucratic procedures, shortage of skilled labor, lack of intellectual property protection, shortage of research centers, lack of social capital, social learning, social responsibility and socio-cultural values. Despite Tehran’s attempts to diversify the economy, the oil and gas industry is still the critical engine of economic growth. [59][60] Business Monitor International (BMI) forecasts that Iran's demands for domestic consumer electronic devices will reach $10 billion by 2013. [47], The pharmaceutical industry in Iran began in its modern form in 1920 when the Pasteur Institute of Iran was founded. [48] In 2009, Iran exported $74 million worth of "medical products" to countries such as Iraq, Afghanistan and Russia.[49]. Iran has a mixed economy that is also a transition economy with the public sector playing a significant role. [10] Small industries constitute 92 percent of Iranian industries, 45 percent of the country's industrial employment, and 17 percent of the country's production. 13382 because it is owned or controlled by DIO. In the 1980s oil production rose again as most pipelines were repaired and annual sales increased as more wells were explored in the Persian Gulf. Iran has 438,478 small grocery retailers. In 1908, Iran was the first country in the Persian Gulf to discover oil. It has established joint-ventures with foreign partners on 4 continents. [71], Machine Sazi Tabriz Group has managed to manufacture machines such as VMC850, VMC 1050, FP4ME, TME40NEW, and TC-20 HF and it has exported turning and milling machineries worth €1.5 million to Germany, Austria, Azerbaijan, Turkey and Malaysia during 2011. Automotive Industry -Covers the latest Automotive Technology product news and press releases. [46] Iran also produces military attack aircraft such as HESA Saeqeh. Trade has fluctuated from year to year. Newly-announced U.S. sanctions targeting Iran's construction sector have drawn a skeptical response from some Iran analysts who foresee the measures doing … Iran is believed to host 10% of the proven reserves oil reserves in the world and about 15% of the gas reserves in the world, ranking the country as one of the world’s energy superpower. [35] Hamshahri and Donya-e-Eqtesad newspapers and Movafaqiyat magazine were selected as the best press.[35]. The bulk of food sales occur at street markets, where the Chief Statistics Bureau sets the prices.[25]. Iran remained a solid Cold War ally of the United States until a revolution ended the Shahs rule in 1979. reveal that over the past few years[when?] Major Industries. The oil refinery in the country came to a halt when Iraq bombed the Abadan oil refinery. [31] In 2015, overall consumer expenditures and disposable income are respectively projected to be $176.4 billion and $287 billion. The number of tourists fell from 695,500 in 1977 to 62,373 in 1982. [11] In Iran, because of its weakness or absence, the support industry makes little contribution to the innovation/technology development activities. With a population of 70 million, Iran needs to have 6,300 airplanes while it does not possess more than nine aircraft for every one million individuals. Textile mills are centred in Eṣfahān and along the Caspian coast. Iran, once Persia, is a major player in the Middle East. Only about 9% of the total land area is arable which is suitable for agriculture, and the main food producing regions in the country are located in the Caspian area and particularly in the northwest and valleys. Trump signed Executive Order 13801, Industry-Recognized Apprenticeship Programs (IRAPs), back in 2017. [19], The sector also employs approximately 328,000 people or 16.1% of the entire industry sector's workforce. Despite the war that raged in the country for more than a decade several small industries sprang up in the country and produced different goods which would have otherwise been imported. [28] In 2012, Iranians spent $77 billion on food, $22 billion on clothes and $18.5 billion on outward tourism. Major advancements have taken place in the petrochemical, pharmaceutical, aerospace, defense, and heavy industry sectors. The annual textile production has been restricted to 800 million square meters. The main imports are non-electrical machinery, iron, steel, chemicals and related products, transport vehicles, electrical machinery, tools and appliances. [9], As of 2014, 81,000 small industrial units employed more than 1 million workers in Iran. [70] Iran's SADRA launched its first Aframax oil tanker made for Venezuela in 2012. Iran's automotive industry is the second most active industry of the country, after its oil and gas industry. [18] About 30% of Iran's public-sector workforce and 45% of large industrial firms are located in Tehran and almost half of these workers work for the government. As of 2015, the most common jobs in Iran are in the oil and gas industry. Iran, with a population of 70 million, requires 1.4 billion square meters of textiles annually. [56][57] Iran is one of the six countries in the world that manufacture gas and steam powered turbines. The economy of Iran is dominated by oil and gas production which makes up the largest revenue source for the government. [64][65] Major industries are industries in a country that are dominant. Some of the leading industries in Iran include agriculture which accounts for 9.8% of the country's GDP. According to 2019 estimates, the country has GDP based on purchasing power parity of $1.63 trillion and nominal GDP estimate of $333.6 billion which ranks the country as the 18th highest based on GDP on purchasing power parity. The list of companies planning to pull out of Iran or cease doing business with Iranian business is growing by the week. Iran, a mountainous, arid, and ethnically diverse country of southwestern Asia. By land area, the country is the 17th largest in the world and the second largest in the Middle East. ... What is Iran's major industries? Finally, this Ministry regulates all strategies, policies and plans relevant to the industrial and mining sector in Iran. But trade increased slightly in 2000 when sanctions on carpets and caviar were liftedin modest outreach to Iran’s reformist government. The Daily Fodder is a news website focused on news, nothing more. The housing industry is one of the few segments of the Iranian economy where state capital shares as little as two per cent of the market, and the remaining 98 per cent is private sector investment. Manufacturing in Iran began taking root in the 1920s and during the Iran-Iraq war most of the Industries in the country, particularly the petrochemical plants, were heavily damaged. Some of the most important crops include wheat, which is cultivated mainly in the north-western and western regions of the country. Economic activity and government revenues still depend to a large extent on oil revenu… Iran currently ranks 68th in tourism revenues worldwide. This page was last edited on 14 February 2021, at 20:03. As of 2014, the main exports of Iran are oil, natural gas, chemicals, fruits, plastics, metals and ceramic products. According to Word Bank statistics for 2014, Iran is one of the largest economies in the Middle East. The most obvious and most popularly invested in is the Petroleum Industry. [22][23] As of 2015, Swiss-based Buhler Group is a leading supplier of industrial equipment to Iran's food industry. Even now Iran is no stranger to Western retail influences, with numerous brands and goods available in shopping centers and outlets on Kish Island. [8] As of 2014, Iran has 930 industrial parks and zones. As the largest state-owned steel company in the Middle East, NISCO ranked 26 in the table of the world’s major steel producing companies in 1999 and 2000. Tehran Mall (1.6 million square feet) with 500 units; Atlas Mall (1.5 million square feet) with 308 units; Palladium Mall (1.1 million square feet) with 105 units; Laleh Park Shopping Center (985,000 square feet) with 126 units; Arg Complex (840,000 square feet) with 200 units; Oxin City Center (540,000 square feet) with 100 units. Iran’s GDP was $406.3 billion in 2014. Iran has been an oil exporting nation since 1913, and most of the country's oil wells are in the southwestern Central Region of the Western Zagros Mountains. [36] Iran's automobile production crossed the 1 million mark in 2005. Agriculture in Iran accounts for about 10% of the GDP and employs about 1/6 of the total labor force.

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