Investigating the Impact of the Internet of Things on the Probability of Entry in Export Market

Abstract

The integration of IoT in the export market has brought significant benefits such as improved operational efficiency, cost savings, enhanced security, and better customer satisfaction. As the technology continues to advance, we can expect further innovations and advancements in IoT applications within the export industry. On the other hand, empirical knowledge (export experience) about foreign markets is a driving force in the internationalization of companies. This research investigates the possibility of entering and growing exports, emphasizing the role of export experience for young exporters. The statistical population of the research includes all Iranian food manufacturing companies that have had exports between the years 2019 and 2022. The research data has been extracted from the statistical system of the Islamic Republic of Iran Customs Administration and the Trade Development Organization. STATA econometric software has been used for data analysis.