The Impact of International Sanctions on the Export of Iran’s Industrial Sub-Sectors

Foreign trade has long been a means of achieving products at the lowest possible cost and has been in line with the welfare goals of governments. In the meantime, the sanctions deprive the country under sanctions from foreign trade benefits by imposing a distortion on the normal course of international economic exchanges. Since the victory of the Islamic Revolution, Iran has always been under various sanctions. The country's industrial sector is one of the most important economic sectors, whose exports accounts for a large share of non-oil exports. This sector itself consists of several sub-sectors, and assessing the effectiveness of the exports of each of them from the sanctions is necessary in order to strengthening the country's economy. To that end, the present study examines and compares the impact of different sanctions on the export of Iran's industrial goods in 22 industrial sub-sectors (at the level of two-digit ISIC codes) over the period of 2000-2015. The results show that each of the different industrial sub-sectors have been affected at different degrees by different sanctions, and in some other industrial sub-sectors, the impact of the sanctions are not significant