ICT goods exports (% of total goods exports)
Countries By ICT goods exports (% of total goods exports)
Key points
- ICT goods exports (% of total goods exports) is a crucial indicator of a country's technological competitiveness and integration into the global digital economy.
- The data shows a wide variation in ICT goods exports among countries, ranging from a minimum of 0.0008% in Qatar to a maximum of 50.86% in the Philippines.
- Countries with high percentages of ICT goods exports, such as Singapore (33.70%) and Malaysia (34.69%), demonstrate a strong presence in the tech industry and are likely to have advanced digital infrastructure.
- On the other hand, countries with lower percentages, like Burundi (0.03%) and Burkina Faso (0.02%), may face challenges in tapping into the benefits of the digital economy and enhancing their technological capabilities.
- The average of 3.81% indicates the overall level of ICT goods exports relative to total goods exports across the countries in the dataset, highlighting the varying degrees of technological advancement and global market reach.
Official Definition of ICT goods exports (% of total goods exports)
Information and communication technology goods exports include computers and peripheral equipment, communication equipment, consumer electronic equipment, electronic components, and other information and technology goods (miscellaneous).
Importance
ICT goods exports (% of total goods exports) is a crucial macroeconomic statistic for countries in the contemporary globalized economy. This statistic measures the proportion of a country's total goods exports that come from Information and Communication Technology (ICT) goods, which include computers, communication equipment, consumer electronics, electronic components, and other technology goods.
- Implications of a low value: A low percentage of ICT goods exports relative to total goods exports can indicate a lack of competitiveness or innovation in the technology sector. This may imply that the country is not taking full advantage of the potential economic benefits that the ICT sector can offer. Countries with low values may risk falling behind in the global digital economy, missing out on opportunities for growth, job creation, and technological advancement.
- Implications of a high value: Conversely, a high percentage of ICT goods exports can signify a strong and vibrant technology industry within a country. This can lead to higher economic growth, increased export earnings, and improved competitiveness in the global market. Countries with high values are more likely to be at the forefront of technological innovation, attracting foreign investment, promoting entrepreneurship, and creating skilled job opportunities for their citizens.
Top 10 Countries by ICT goods exports (% of total goods exports)
Bottom 10 Countries by ICT goods exports (% of total goods exports)
Regions
Europe
Analysis of ICT goods exports (% of total goods exports) shows a varied landscape among the listed countries. The Czech Republic stands out with a significantly high percentage of 17.96%, indicating a strong emphasis on ICT exports. This positions them as a regional leader in technology trade. On the other hand, countries like Albania, Iceland, and the Russian Federation have much lower values, reflecting potential underdevelopment in their tech export sectors. Advantages for high-ranking countries include technological innovation, diversification of exports, and economic growth. However, overreliance on ICT exports can pose risks during global downturns. Overall, this statistic is crucial for the development of a knowledge-based economy and highlights the importance of technological competitiveness in the global market.
Far East: East Asia, SE Asia, Australia
ICT goods exports (% of total goods exports) reveal a varied landscape among the listed countries. While the Philippines stands out with the highest percentage at 50.86%, countries like Malaysia (34.69%), Singapore (33.70%), and Vietnam (38.76%) also show significant reliance on ICT goods exports. These countries leverage technology for economic growth and competitiveness, enjoying advantages such as diversification and higher value-add in exports. However, this heavy reliance can expose them to global market fluctuations and technological disruptions, posing a risk to their economies. For countries like Brunei (0.04%) and Mongolia (0.01%), there is untapped potential for growth in technology exports, highlighting the need for investment in this sector to drive development and enhance global competitiveness.
ASEAN
In analyzing the ICT goods exports (% of total goods exports) for the selected countries, we can observe significant disparities. Philippines stands out with the highest percentage at 50.86%, indicating a robust ICT sector driving its economy. Singapore follows closely at 33.70%, showcasing a well-established technology export industry. Malaysia and Vietnam also demonstrate strong performance in this sector at 34.69% and 38.76% respectively. Meanwhile, Laos lags behind at 4.48%, suggesting limited development in the ICT export domain. This statistic implies that countries with higher percentages have a competitive edge in technology-driven industries, potentially boosting economic growth through innovation and global trade, while those with lower percentages may need to focus on developing their ICT sectors to remain globally competitive.
Latin America
The ICT goods exports (% of total goods exports) statistic reveals a significant disparity among the listed countries. Panama and Mexico stand out with notably high values of 17.82% and 15.98% respectively, showcasing their strong focus on information and communication technology exports. On the other hand, countries like Nicaragua, Ecuador, and Argentina have much lower percentages, indicating a less developed ICT sector. While high percentages demonstrate diversification and global competitiveness, they also suggest vulnerability to fluctuations in global tech demand. For lower-ranking countries, there is potential for growth through investment in technology infrastructure and innovation to boost export competitiveness and drive economic development.
Middle East
ICT goods exports as a percentage of total goods exports vary among the listed countries, with Israel standing out at 14.28% and the United Arab Emirates following closely at 9.05%. These countries have a significant technological edge and benefit from a diversified export base. On the other hand, countries like Qatar and Kuwait have a much lower percentage, indicating a potential lack of technological development and diversity in their export portfolios. For countries with higher percentages like Egypt and Morocco, there are opportunities for further technological growth and potential economic diversification. Overall, a higher percentage of ICT goods exports suggests a more advanced technological sector, enhancing competitiveness and economic resilience.
Rivals
Anglosphere v BRICS
Australia, Brazil, Canada, New Zealand, the Russian Federation, and South Africa have relatively low percentages of ICT goods exports, ranging from 0.318% to 1.039%. In contrast, China leads significantly with 27.100%, followed by the United States with 9.675% and the United Kingdom with 4.190%. India also shows a notable percentage at 2.055%. Countries with higher percentages such as China, the U.S., and the U.K. have a competitive advantage in the tech industry but may face challenges with trade imbalances. For nations with lower percentages, there is room for growth in the tech sector, potentially boosting economic diversification and competitiveness.
Russia v Ukraine
In terms of ICT goods exports as a percentage of total goods exports, Ukraine leads with 73.36% compared to Russia's 50.81%. This indicates that Ukraine relies more heavily on the export of ICT goods as a driver of its economy compared to Russia. For Ukraine, this specialization in ICT goods can be advantageous, as it signifies a potentially advanced and competitive technology sector. However, it also poses a risk of overreliance on a single sector. In contrast, Russia's lower percentage suggests a more diversified export base, offering greater resilience to fluctuations in the ICT market. This statistic reflects each country's development priorities, with Ukraine focusing on tech-driven growth and Russia pursuing a broader economic strategy.
France v United Kingdom
France has an ICT goods exports value of approximately 3.77% of its total goods exports, while the United Kingdom stands at around 4.19%. The United Kingdom surpasses France in this statistic, indicating a relatively higher emphasis on ICT goods exports. The advantage for the UK lies in its stronger presence in the global ICT market, boosting export revenues and fostering innovation. However, this heavy reliance on ICT goods exports could pose a risk in case of market fluctuations. For France, a lower percentage suggests a more diversified export portfolio, reducing vulnerability to fluctuations in the ICT sector but potentially missing out on the growth opportunities in the rapidly developing tech industry. This statistic reflects the countries' differing economic strategies and highlights the importance of balancing specialization with diversification for sustainable economic development.
India v Pakistan
India has a relatively high ICT goods exports (% of total goods exports) at 2.05%, indicating a strong presence in the global ICT market. In contrast, Pakistan lags significantly behind with a much lower percentage of 0.09%. India's advantage lies in its diversified tech industry and skilled workforce, allowing for higher value-added exports. However, this reliance on ICT goods exports also exposes India to global market fluctuations. Pakistan, on the other hand, faces challenges in developing its tech industry, limiting its export potential. The impact of this statistic on development is significant, with India likely benefiting from technological advancement and economic growth, while Pakistan may struggle to keep pace in the digital economy.
Turkey v Greece
In terms of ICT goods exports (% of total goods exports), Greece leads with 3.51% while Turkey lags behind at 1.00%. This indicates that Greece has a more advanced and diversified technology goods sector compared to Turkey. The advantage for Greece is a stronger technological base and potentially higher revenue from exporting ICT goods. However, the disadvantage lies in overreliance on this sector for economic growth. On the other hand, Turkey's lower percentage suggests an opportunity for expansion and development in the technology industry. This statistic highlights Greece's potential for tech sector growth but also its vulnerability to market fluctuations, while signaling Turkey's room for advancement in the ICT export market.
China v Japan
China, with ICT goods exports accounting for 27.10% of its total goods exports, surpasses Japan, whose percentage stands at 8.89%. This stark difference highlights China's robust technology sector compared to Japan's more diversified export profile. China's advantage lies in its dominance in technology manufacturing and innovation, driving economic growth but also risking overreliance on this sector. On the other hand, Japan benefits from a more balanced export base, reducing vulnerability to fluctuations in the tech industry. For China, this statistic underscores its status as a global tech powerhouse but warns of dependency risks. Japan's lower percentage reflects a more stable export portfolio, cushioning against tech market volatility.
FAQs
- Which country has the most ICT goods exports (% of total goods exports)?
The country with the highest ICT goods exports is the Philippines, with a percentage of 50.86% of total goods exports. - Which country has the least ICT goods exports (% of total goods exports)?
The country with the lowest ICT goods exports is Qatar, with a percentage of only 0.001% of total goods exports. - What is the average ICT goods exports (% of total goods exports) among the listed
countries?
The average ICT goods exports among the listed countries is approximately 3.81% of total goods exports. - Why do some countries have significantly higher ICT goods exports compared to others?
Countries with a strong focus on technology and manufacturing, along with robust infrastructure and trade partnerships, tend to have higher ICT goods exports. - How can a higher percentage of ICT goods exports benefit a country's economy?
Increased ICT goods exports can lead to economic growth by driving innovation, creating high-value jobs, and improving the country's global competitiveness in the tech industry.