Domestic Economy

SMEs Share in Non-Oil Exports Meager

SMEs Share in Non-Oil Exports Meager
SMEs Share in Non-Oil Exports Meager

Small- and medium-sized manufacturers located in industrial estates in Iran exported 2.4 billion worth of goods in the last fiscal year that ended on March 19, 2020, accounting for 5.8% of Iran's total non-oil exports ($41.37 billion), the deputy minister of industries, mining and trade said.
Mohsen Salehinia was also quoted as saying by ILNA that 27 new industrial estates will be inaugurated in the current year (March 2020-21), adding that the share of SMEs in exports is expected to increase.
According to the official, a total of 44,892 industrial units in Iran’s industrial estates, among which 34,814 units (78%) are operating while 10,078 units (22%) are inactive.
Iran Small Industries and Industrial Parks Organization plans to revive 1,500 inactive small- and medium-sized enterprises in the current fiscal year that started on March 19.
According to the head of the organization, Asghar Masaheb, 1,444 SMEs were revived in the last Iranian year (March 2019-20).
By definition, enterprises run by 50 workers or less, and 100 workers or less are considered small- and medium-sized enterprises respectively, according to Iran Small Industries and Industrial Parks Organization.
SMEs' share in Japan’s exports is at 60%, Taiwan’s at 70% and Singapore’s at 90%.
Small- and medium-sized enterprises constitute 92% of Iran’s 85,000 manufacturing enterprises.


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