Agricultural raw materials exports (% of merchandise exports)
Countries By Agricultural raw materials exports (% of merchandise exports)
Key points
- Benin has the highest percentage of agricultural raw materials exports (% of merchandise exports) among the listed countries, standing at 64.64%.
- The lowest percentage is attributed to Kiribati, with agricultural raw materials exports accounting for only 0.00003% of its merchandise exports.
- The average percentage of agricultural raw materials exports across all countries is approximately 2.97%.
- Significant variations exist in this statistic, with countries like Belarus (4.01%), Bosnia and Herzegovina (4.95%), and Finland (6.66%) showcasing relatively high percentages.
- Countries with diverse economies such as the United States (2.14%), Japan (0.62%), and China (0.33%) exhibit lower percentages in agricultural raw materials exports, reflecting their diversified export bases.
Official Definition of Agricultural raw materials exports (% of merchandise exports)
Agricultural raw materials comprise SITC section 2 (crude materials except fuels) excluding divisions 22, 27 (crude fertilizers and minerals excluding coal, petroleum, and precious stones), and 28 (metalliferous ores and scrap).
Importance
The Agricultural raw materials exports (% of merchandise exports) statistic is significant for a country as it reflects the dependency of the economy on the agricultural sector. A high value of this statistic indicates that a significant portion of a country's export revenue comes from the sale of agricultural raw materials. This can suggest that the country has a comparative advantage in agriculture and may be relying heavily on the export of raw materials for economic growth.
Conversely, a low value of this statistic may imply diversification in the country's economy, with lesser dependence on agricultural exports. Countries with low values may have more developed industrial or service sectors, which can indicate economic stability and resilience against fluctuations in global agricultural commodity prices.
Top 10 Countries by Agricultural raw materials exports (% of merchandise exports)
Bottom 10 Countries by Agricultural raw materials exports (% of merchandise exports)
Regions
Europe
Far East: East Asia, SE Asia, Australia
The percentage of agricultural raw materials exports varies among the selected countries. Laos stands out with a high percentage of 10.33%, indicating a heavy reliance on such exports compared to Brunei, which has a mere 0.02%. Countries like Indonesia, Thailand, and Myanmar also have substantial percentages, suggesting a significant contribution of these exports to their economies. For these nations, advantages include revenue generation and utilization of natural resources, but they may face volatility in global commodity prices. This statistic underscores the importance of diversification for sustainable growth and economic stability, essential for the development trajectories of these countries.
ASEAN
Among the countries listed, Laos has the highest percentage of agricultural raw materials exports at 10.33%, indicating a significant reliance on this sector. On the other hand, Brunei and Singapore have the lowest percentages at around 0.02% and 0.43% respectively, suggesting diversified economies. Countries like Indonesia, Thailand, and Myanmar fall in the middle range, showcasing a moderate dependence on agricultural raw materials exports. This statistic highlights Laos' vulnerability to fluctuations in global commodity prices but also signifies its potential for economic growth if value-added processes are integrated. Conversely, Brunei and Singapore's low percentages indicate economic stability but potential missed opportunities for growth in this sector.
Latin America
Analysis of Agricultural raw materials exports (% of merchandise exports) for the selected countries shows that Uruguay has the highest percentage at 14.29%, indicating a heavy reliance on agricultural raw materials for exporting. Ecuador and Chile also have significant percentages at 6.55% and 5.37% respectively, showcasing their strong agricultural sectors. However, countries like Mexico and the Dominican Republic have much lower percentages, highlighting a more diversified export base. While high reliance on agricultural exports can boost economic growth, it also exposes these countries to price volatility and market fluctuations. Diversification is key for long-term development, ensuring stability and resilience in the face of external shocks.
Middle East
Analysis of Agricultural raw materials exports (% of merchandise exports): The data shows varying degrees of reliance on agricultural raw materials exports among the listed countries. Egypt stands out with the highest percentage, indicating a significant dependency on this sector, which could lead to vulnerability in times of price fluctuations. Conversely, Kuwait and Qatar have the lowest percentages, suggesting a more diversified export base. While a high percentage can boost GDP, it may also expose a country to external shocks. Diversification is key for long-term stability and sustainable growth, as seen in the varying impacts on development across these countries.
Rivals
Anglosphere v BRICS
The Agricultural raw materials exports statistic highlights the percentage of merchandise exports comprised of crude materials except fuels. New Zealand stands out with the highest percentage at 10.45%, followed by Brazil at 5.66%, and Canada at 4.22%. China has the lowest percentage at 0.33% among the listed countries. New Zealand's heavy reliance on agricultural exports may indicate vulnerability to fluctuations in global commodity prices. In contrast, China's diversified export base could provide more stability but also suggests a potentially underutilized agricultural sector. Understanding the impact of this statistic on a country's development involves assessing the country's dependence on agricultural exports, its competitiveness in global markets, and the potential risks associated with such reliance.
Russia v Ukraine
In terms of Agricultural raw materials exports (% of merchandise exports), the Russian Federation leads with 2.5%, while Ukraine follows with 1.71%. The Russian Federation's higher percentage indicates a stronger reliance on agricultural raw materials for export compared to Ukraine. This reliance could be advantageous in terms of diversified export base and potentially higher revenues. However, it also poses a risk of vulnerability to fluctuations in global commodity prices. Ukraine, with a lower percentage, may have a more balanced export portfolio, reducing vulnerability but potentially missing out on the revenue benefits in the agricultural raw materials sector. Overall, this statistic suggests that the Russian Federation may have a more significant impact on its development and economy through agricultural raw material exports compared to Ukraine.
France v United Kingdom
In terms of Agricultural raw materials exports as a percentage of merchandise exports, France stands at 0.95% while the United Kingdom is at 0.47%. France outperforms the United Kingdom in this statistic, indicating a higher reliance on agricultural raw materials for export revenue. For France, this signifies a diversified export base, potentially providing stability in times of economic fluctuation. However, it could also be vulnerable to price volatility in the raw materials market. On the other hand, the United Kingdom's lower percentage suggests a more balanced export portfolio with less exposure to fluctuations in the agricultural sector but may miss out on potential gains during commodity booms. Overall, these figures reflect each country's economic structure and resilience to global market shifts.
Israel v Iran
Iran and Israel both have a relatively low percentage of agricultural raw materials exports compared to their total merchandise exports, with Iran at 0.67% and Israel at 0.69%. Despite the similarity in percentages, the two countries differ in their composition of exports and reliance on this sector. Iran, with its larger land area and agricultural potential, may have room for growth in this sector if properly developed, potentially boosting employment and rural incomes. However, a heavy reliance on agricultural exports could make Iran vulnerable to price fluctuations and global market conditions. In contrast, Israel's strong focus on technological innovation and high-value exports may indicate a deliberate shift away from traditional agriculture, prioritizing sustainability and competitiveness.
Saudi Arabia v Iran
Iran's high Agricultural raw materials exports (% of merchandise exports) percentage indicates a significant reliance on exporting such goods, showcasing a strong agricultural sector. In contrast, Saudi Arabia has a lower percentage, suggesting a less diversified export base and potentially more reliance on other sectors. Iran benefits from a diverse range of raw materials for export, providing stability but also vulnerability to commodity price fluctuations. Conversely, Saudi Arabia's lower percentage may indicate a more balanced export portfolio but could also signify underdeveloped agricultural capabilities. This statistic influences Iran's and Saudi Arabia's economic development by highlighting their strengths and vulnerabilities in the global market, impacting their trade balances and overall economic resilience.
India v Pakistan
India and Pakistan both have a low percentage of agricultural raw materials exports relative to their total merchandise exports, with India at 1.34% and Pakistan at 1.85%. This indicates a limited focus on exporting agricultural raw materials in both countries. Pakistan has a slightly higher percentage compared to India, suggesting a slightly greater reliance on this sector for export revenue. An advantage for both countries is diversification away from reliance on a single export sector. However, a disadvantage could be missed opportunities for revenue generation from potentially valuable agricultural resources. This statistic may imply that both countries have greater emphasis on other sectors for export earnings, potentially impacting their agricultural development and overall economic resilience differently.
Turkey v Greece
In terms of Agricultural raw materials exports as a percentage of merchandise exports, Greece leads with 1.76%, while Turkey follows with 0.52%. Greece's higher percentage suggests a greater reliance on agricultural raw materials in its export sector compared to Turkey. For Greece, this indicates a competitive advantage in agricultural production, providing diverse export opportunities. However, it also exposes Greece to price fluctuations in global commodity markets. Turkey's lower percentage may indicate a more diversified export base, reducing vulnerability to fluctuations in raw material prices. Both countries will need to manage market volatilities effectively to ensure stable economic development.
China v Japan
In terms of Agricultural raw materials exports (% of merchandise exports), the People's Republic of China has a value of 0.33, while Japan has a higher value of 0.62. China's lower percentage could indicate a more diverse export base, reducing the reliance on agricultural raw materials compared to Japan. This could offer China more stability in times of fluctuating commodity prices. However, Japan's higher percentage suggests a significant reliance on agricultural raw materials for export revenue, which may expose the country to price volatility and supply chain risks. For China, this statistic signifies a more balanced export portfolio, while for Japan, it highlights a potential vulnerability to fluctuations in global raw material prices.
FAQs
- Which country has the most Agricultural raw materials exports (% of merchandise exports)?
Benin has the highest percentage of agricultural raw materials exports, accounting for 64.64% of its merchandise exports. - Which country has the least Agricultural raw materials exports (% of merchandise exports)?
Kiribati has the lowest percentage of agricultural raw materials exports, representing only 0.00003% of its merchandise exports. - What is the average Agricultural raw materials exports (% of merchandise exports) among the listed
countries?
The average percentage of agricultural raw materials exports among the listed countries is approximately 2.97%.