3 Asian Countries Top Export Destinations For Iranian Nanoproducts

Market News

3 Asian Countries Top Export Destinations For Iranian Nanoproducts

Among the 41 countries buying Iranian nanoproducts, three Asian countries, namely Iraq, Turkey, and Afghanistan, have the highest imports. The expansion of export programmes by the Nanotechnology Innovation Council in recent years has led to the entry of Iranian goods, equipment, and services to global markets. However, in recent years, due to currency fluctuations and economic sanctions, Iran's exports of nanoproducts to other countries have decreased. Iran exports to around 41 countries, the main items of exports being construction inputs (48%) at US$ 6.10 million, optoelectronics with 23%, medicine, health, polymer, and composite with 7%, and textile with 6.5% share in the export basket. Iran has created centers in six Asian countries for exporting nanotechnology products, including China, India, Indonesia, Syria, Turkey, and Iraq. Nanotechnology’s trend of development is growing in Iran, as the number of nanoproducts and equipment developed in 2020 increased to 750, compared with 647 a year before. Some 223 product manufacturing companies and 59 equipment manufacturing companies are active in the field of nanotechnology. Iran among five pioneers of nanotechnology Iran has been introduced as the 4th leading country in the world in the field of nanotechnology, publishing 11,546 scientific articles in 2020. The country held a 6% share of the world’s total nanotechnology articles, according to StatNano's monthly evaluation accomplished in WoS databases. Iran ranked 43rd among the 100 most vibrant clusters of science and technology (S&T) worldwide for the third consecutive year, according to the Global Innovation Index (GII) 2020 report. The country experienced a three-level improvement compared to 2019. Iranian nanotechnology companies have increased sales by 100% over the Iranian calendar year March 2019-March 2020, and it is predicted that their revenue will reach up to 80 trillion rials (nearly US$ 1.9 billion at the official rate of 42,000 rials).