According to Reza Rahmani, Iran’s minister of industry, the imports of industrial products including machinery and equipment would be down by $10 billion in 2021. He added that Iran plans to “deepen domestic manufacturing and to indigenize the country’s industrial needs”. He continued that over 1,850 industrial units across Iran had already resumed operations and another 2,000 will be reopened until March this year.
With the start of American sanctions in November, Iran has improved industrial activities especially in the manufacturing part. As a result, the production of steel, aluminum and other metals have developed. However companies that supply equipment to the oil industry have reported lower imports since last year.