Share of High-Tech Products in Iran's Non-Oil Exports Meager

High-technology exports accounted for less than 1% of Iran’s non-oil exports in the last fiscal year that ended on March 20, a report by the Economy Ministry titled “Stimulus Package for Production in Fiscal 2019-20” reads.

High-technology exports are products with high research and development intensity, such as in aerospace, computers, pharmaceuticals, scientific instruments and electrical machinery.

Seventy percent of Iran's non-oil exports were raw materials that utilize relatively unsophisticated equipment and production techniques.

High-tech products constituted 15% of Iran’s overall imports whereas low-tech merchandise made up 45% of total imports to Iran during the period under review, Fars News Agency reported.