Manufactures exports (% of merchandise exports)



Countries By Manufactures exports (% of merchandise exports)



Key points



Official Definition of Manufactures exports (% of merchandise exports)

Manufactures comprise commodities in SITC sections 5 (chemicals), 6 (basic manufactures), 7 (machinery and transport equipment), and 8 (miscellaneous manufactured goods), excluding division 68 (non-ferrous metals).



Importance

The Manufactures exports (% of merchandise exports) statistic holds significant importance for a country's economy. This statistic indicates the proportion of manufactured goods, including chemicals, basic manufactures, machinery and transport equipment, and miscellaneous manufactured goods, in relation to the total merchandise exports of a country.

A high value of Manufactures exports (% of merchandise exports) suggests that the country has a strong industrial base and is competitive in producing and exporting manufactured goods. This can lead to various benefits such as increased revenue, job creation, technological advancement, and overall economic growth. It also signifies that the country is likely to have diversified industries and a higher level of economic development.

Conversely, a low value of this statistic may indicate a heavy reliance on raw material exports or agricultural products, which can make the country vulnerable to price fluctuations in commodity markets. It may also suggest a lack of industrialization and technological advancement, potentially hindering long-term economic sustainability and growth.



Top 10 Countries by Manufactures exports (% of merchandise exports)

Bottom 10 Countries by Manufactures exports (% of merchandise exports)



Regions

Europe

Manufactures exports as a percentage of merchandise exports vary significantly among the listed countries. Countries like Andorra, Czech Republic, and Ireland have high values indicating a strong manufacturing sector driving their exports. On the other hand, countries like Montenegro and Iceland have lower values reflecting a less developed manufacturing base. High values suggest a diversified economy with advanced manufacturing capabilities but may be susceptible to global demand fluctuations. In contrast, low values may indicate a reliance on other sectors for exports but could be less vulnerable to manufacturing-specific challenges. Overall, this statistic influences the economic development trajectory of each country, steering policies towards fostering or diversifying the manufacturing sector based on individual strengths and vulnerabilities.

Far East: East Asia, SE Asia, Australia

The "Manufactures exports (% of merchandise exports)" statistic reveals the export composition of various countries. China, South Korea, Japan, and Vietnam stand out with high percentages above 80%, showcasing strong manufacturing bases. These countries benefit from diversified industrial sectors but may face overreliance risks. Conversely, Papua New Guinea and Mongolia have extremely low percentages, indicating challenges in developing a robust manufacturing sector. For Malaysia, Cambodia, and the Philippines, moderate percentages suggest a balanced export mix. This statistic reflects each country's industrial development stage, with implications for economic resilience, competitiveness, and vulnerability to external shocks.

ASEAN

Manufactures exports as a percentage of merchandise exports reveal interesting dynamics among the listed countries. Vietnam leads with 86.43%, followed closely by the Philippines at 79.81% and Singapore at 77.45%. These countries showcase a strong industrial base and global competitiveness. On the other end, Brunei and Laos have lower percentages at 18.04% and 20.01% respectively, indicating a reliance on other export sectors. While high manufacturing exports can signify economic diversification and higher value-addition, overreliance may pose risks in volatile global markets. The statistic highlights the varying levels of industrial development and export strategies within the region, pointing to different paths of economic growth and resilience.

Latin America

Manufactures exports (% of merchandise exports) indicates the proportion of manufactured goods in total exports for each country. Among the listed countries, Mexico stands out with a high percentage of 79.18%, signaling a strong manufacturing sector. El Salvador and Costa Rica also show significant manufacturing export percentages above 50%, reflecting diversified economies. In contrast, Bolivia, Peru, and Ecuador have much lower percentages below 10%, indicating a heavier reliance on natural resources or agriculture. Higher manufacturing export percentages generally imply more advanced industrial capabilities but pose risks in volatile global markets. For these countries, a strong manufacturing base can contribute to economic stability and technological advancement but may also make them vulnerable to external shocks in the manufacturing sector.

Middle East

The "Manufactures exports (% of merchandise exports)" statistic reveals the varying degrees of manufacturing sector dominance in the economies of the listed countries. Israel stands out with a high percentage of 91.65%, indicating a strong industrial base, while Azerbaijan and Kuwait have lower percentages at 3.49% and 5.87% respectively, suggesting less diversified economies. Advantages of high manufacturing exports include increased GDP stability and job creation, as seen in Turkey and Tunisia. However, over-reliance on this sector, as seen in Armenia and Georgia, can lead to vulnerability in global market fluctuations. For the United Arab Emirates and Bahrain, this statistic signifies their shift towards manufacturing diversification from oil dependence, promoting economic sustainability and resilience.



Rivals

Anglosphere v BRICS

When looking at the Manufactures exports (% of merchandise exports) statistic for the selected countries, we can see a wide range of values. China leads with 93.54%, followed by India at 71.01% and the United Kingdom at 68.30%. These countries heavily rely on manufactured goods for their export revenue, indicating a strong industrial base. However, countries like Australia (10.53%) and New Zealand (16.66%) have lower percentages, suggesting less diversified economies vulnerable to fluctuations in commodity prices. While high percentages indicate a strong manufacturing sector, they also signal potential over-reliance on a single industry, which could pose risks during global economic downturns. Overall, this statistic illustrates the varying degrees of industrialization and export dependence among these countries, highlighting both strengths and vulnerabilities in their economic development.

Russia v Ukraine

Manufactures exports (% of merchandise exports) for the Russian Federation stand at 21.19% and for Ukraine at 40.82%. Ukraine has a higher percentage, indicating a relatively stronger focus on manufacturing exports compared to the Russian Federation. This statistic suggests that Ukraine may have a more diversified manufacturing base or a more competitive manufacturing sector. The advantage for Ukraine is a potentially more resilient economy due to diversified exports, while the disadvantage could be vulnerability to fluctuations in global demand for manufactured goods. For the Russian Federation, the advantage lies in potentially less exposure to global manufacturing market risks, but the downside could be missed opportunities for economic growth through manufacturing exports. Overall, this statistic underscores the importance of manufacturing sectors in both countries' development strategies.

France v United Kingdom

France leads in Manufactures exports (% of merchandise exports) among the selected countries with 77.05%, while the United Kingdom follows closely behind with 68.30%. France's strong performance in this sector indicates a robust industrial base and specialization in high value-added manufactured goods. This can provide stability to the economy but may also lead to vulnerability in case of global economic fluctuations. On the other hand, the United Kingdom's slightly lower percentage suggests a diversified export basket but potentially less focus on high-tech manufactured products. This statistic underscores France's industrial prowess and the UK's broader export portfolio, shaping their economic development strategies and resilience in the face of market shifts.

Israel v Iran

Iran's Manufactures exports account for approximately 46.7% of its total merchandise exports, while Israel's Manufactures exports represent a significantly higher percentage at approximately 91.6%. This indicates that Israel has a more diversified and advanced manufacturing sector compared to Iran. Israel's higher percentage suggests a competitive advantage in producing value-added goods. However, Iran's lower percentage could imply a reliance on other sectors for export revenue, potentially indicating a less diversified economy. For Israel, the strong focus on manufacturing could lead to greater economic stability and technological advancement. In contrast, Iran may face challenges in competitiveness and economic resilience due to its lower manufacturing export contribution.

Saudi Arabia v Iran

Iran has a higher percentage of manufacturing exports (46.66%) compared to Saudi Arabia (20.25%). This indicates that Iran relies more on its manufacturing sector for generating export revenue than Saudi Arabia. Iran's advantage lies in its diversified range of manufactured goods, potentially offering a more stable export base. However, this heavy reliance on manufacturing could make Iran more vulnerable to global demand fluctuations. On the other hand, Saudi Arabia's lower percentage suggests a greater dependence on other sectors for export income, potentially indicating a more balanced economy. The impact of this statistic on both countries' development lies in their ability to innovate and compete in the global market, with Iran focusing more on manufacturing prowess and Saudi Arabia diversifying its export portfolio.

India v Pakistan

In terms of Manufactures exports (% of merchandise exports), India has a value of 71.01% while Pakistan stands at 74.67%. Pakistan has a slightly higher percentage, indicating a stronger focus on manufacturing in its export sector compared to India. India, on the other hand, while still having a significant proportion of manufactured goods in its exports, might have a more diversified export base. The advantage for Pakistan is a potentially more robust manufacturing sector, but this could also be a disadvantage if it leads to overreliance on a specific industry. For India, diversification can provide stability but might also mean a lesser focus on the manufacturing industry for growth. This statistic is crucial for both countries' development as a high percentage suggests industrialization and value addition, leading to potentially higher-income generation and economic stability.

Turkey v Greece

Greece has a Manufactures exports (% of merchandise exports) of 43.18%, while Turkey has a significantly higher percentage at 78.01%. Turkey's stronger performance in this statistic indicates a more diversified and robust manufacturing sector compared to Greece. This suggests that Turkey may have a competitive advantage in producing manufactured goods for export. However, Greece's lower percentage may indicate a less developed manufacturing sector, potentially making it more vulnerable to external economic shocks. The impact of this statistic on each country's development is significant; for Turkey, it signifies a strong manufacturing base driving economic growth, while for Greece, it highlights a potential area for improvement to enhance economic resilience.

China v Japan

Manufactures exports account for a significant portion of merchandise exports in China, People's Republic of, at 93.54%, and in Japan at 86.14%. Both countries heavily rely on manufacturing sectors such as chemicals, machinery, and miscellaneous manufactured goods for their export revenue. China's high percentage indicates a strong industrial base and global competitiveness, but it also exposes the economy to fluctuations in global demand and trade tensions. Japan's slightly lower percentage suggests a more diversified export portfolio, balancing risk but potentially limiting specialization. For China, this statistic signifies a key driver of economic growth while Japan's strength lies in resilience and adaptability to market changes.



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