Manufactures imports (% of merchandise imports)
Countries By Manufactures imports (% of merchandise imports)
Key points
- Czech Republic has the highest percentage of manufactured imports compared to merchandise imports at 86.37%, indicating a heavy reliance on manufactured goods for imports.
- Kiribati has the lowest percentage of manufactured imports at 39.19%, suggesting a lower dependency on manufactured goods in its import sector.
- The average percentage of manufactured imports across all listed countries is 66.76%, showcasing a significant reliance on manufactured products in international trade.
- Manufactures in this context include commodities such as chemicals, basic manufactures, machinery, and miscellaneous manufactured goods, excluding nonferrous metals.
- There is a wide range of values among countries, indicating varying degrees of industrialization, trade patterns, and economic development levels globally.
Official Definition of Manufactures imports (% of merchandise imports)
Manufactures comprise the commodities in SITC sections 5 (chemicals), 6 (basic manufactures), 7 (machinery and transport equipment), and 8 (miscellaneous manufactured goods), excluding division 68 (nonferrous metals).
Importance
Manufactures imports (% of merchandise imports) is a crucial macroeconomic statistic that holds significant implications for a country's economy.
- Low Value: A low value of Manufactures imports (% of merchandise imports) suggests that the country is not heavily reliant on imported manufactured goods. This could indicate a self-sufficient economy with a strong domestic manufacturing sector. However, it could also imply limited access to specialized or technologically advanced products that may not be produced domestically.
- High Value: Conversely, a high value of Manufactures imports (% of merchandise imports) signifies a heavy dependence on imported manufactured goods. While this may provide access to a wide range of products and technologies, it also exposes the country to risks such as supply chain disruptions, fluctuations in exchange rates, and vulnerability to international market conditions.
Top 10 Countries by Manufactures imports (% of merchandise imports)
Bottom 10 Countries by Manufactures imports (% of merchandise imports)
Regions
Europe
Manufactures imports (% of merchandise imports) is a crucial statistic indicating the reliance of countries on manufactured goods from abroad. Among the listed countries, the Czech Republic stands out with the highest percentage at 86.37%, followed closely by Hungary at 83.20%. These countries exhibit strong industrial dependencies, which can provide economic stability through diversified trade but may also pose risks during global supply chain disruptions. On the other hand, Switzerland and Greece have the lowest percentages, signaling a more self-sufficient manufacturing sector. While this can enhance resilience, it may limit access to specialized goods. Overall, this statistic reflects each country's trade dynamics, influencing their economic development and vulnerability to external economic shocks.
Far East: East Asia, SE Asia, Australia
Manufactures imports (% of merchandise imports) indicate the proportion of manufactured goods in the total goods imported by a country. Among the listed countries, Vietnam has the highest percentage at 80.11%, showing a heavy reliance on imported manufactured goods. Australia follows with 77.47%, signifying a significant portion of its imports are manufactured products. On the other hand, Brunei has the lowest at 52.18%, indicating a more diverse import profile. High reliance on imports may expose countries like Vietnam and Australia to supply chain disruptions and price fluctuations, impacting their economic stability. However, it also signals access to a wide range of goods not domestically produced, fostering economic diversity and consumer choice.
ASEAN
Manufactures imports (% of merchandise imports) provide insight into the level of industrialization and manufacturing capability within a country. Among the listed countries, Vietnam stands out with the highest percentage, indicating a strong reliance on imported manufactured goods. This could suggest a developed manufacturing sector but also vulnerability to external disruptions. Singapore and the Philippines follow closely, showcasing a diverse industrial base. Meanwhile, Brunei displays the lowest percentage, potentially signaling a less diversified economy. For each country, this statistic impacts economic development by influencing trade balance, technology transfer, and domestic industrial growth.
Latin America
Manufactures imports (% of merchandise imports) indicate the reliance on imported manufacturing goods in the listed Latin American countries. Brazil, Argentina, and Mexico have the highest values, signifying their industrialization levels and diversified economies, but also vulnerability to global market fluctuations. Smaller economies like Honduras and El Salvador exhibit lower values, suggesting a dependence on primary goods or local manufacturing. This statistic reflects economic diversification and domestic manufacturing capabilities, with advantages like access to advanced technology but disadvantages such as susceptibility to trade disruptions. Countries with higher values may have more advanced industries, while those with lower values may need to focus on developing their domestic manufacturing sectors to enhance self-sufficiency and economic resilience.
Middle East
The statistic on Manufactures imports (% of merchandise imports) shows the percentage of imported goods that fall under specific manufacturing categories for various countries in the region. Countries like Qatar, Israel, and Kuwait have higher percentages, indicating a stronger reliance on manufactured imports for their economies. This can provide these countries with access to a wider range of advanced products but may leave them vulnerable to global supply chain disruptions. Conversely, countries like Lebanon and State of Palestine have lower percentages, suggesting a more diverse import base. While this may indicate resilience to disruptions, it could also imply limited access to specialized manufactured goods. Overall, this statistic highlights each country's strategic trade priorities and potential vulnerabilities in the face of economic shifts.
Rivals
Anglosphere v BRICS
Australia, Brazil, Canada, New Zealand, the Russian Federation, and the United States show high reliance on manufactured imports, ranging from 74.96% to 79.25% of merchandise imports. China, India, South Africa, and the United Kingdom have lower percentages, between 52.82% and 65.76%. High dependence on manufactured imports may signify advanced industrial capacities but can pose risks in times of trade disruptions. Countries with lower percentages may have diversified economies but could potentially lag in technological advancement. This statistic indicates varying levels of industrial development, trade vulnerabilities, and potential technological disparities among the listed countries.
Russia v Ukraine
In terms of Manufactures imports (% of merchandise imports), the Russian Federation leads with 79.02%, while Ukraine follows closely behind with 70.51%. The Russian Federation's high percentage indicates a heavy reliance on imported manufactured goods for its domestic consumption or industrial processes. This could signify a strong industrial base but also vulnerability to external disruptions or price fluctuations. Conversely, Ukraine's slightly lower percentage suggests a similar dependency but with potentially lower import volume or a more diversified industrial sector. For the Russian Federation, this high percentage may indicate a need to develop domestic manufacturing capabilities to boost self-sufficiency and resilience. Whereas for Ukraine, maintaining a balance between imports and domestic production could be key for economic stability and growth.
France v United Kingdom
France has a Manufactures imports (% of merchandise imports) percentage of 77.14, while the United Kingdom stands at 63.90. France's higher percentage suggests a greater dependency on manufactured goods from abroad compared to the United Kingdom. This reliance may indicate a robust industrial sector but leaves France more vulnerable to global supply chain disruptions. On the other hand, the United Kingdom's lower percentage signifies a relatively diversified import portfolio, potentially indicating domestic manufacturing strength but also potentially lower efficiency in production. This statistic's impact on their development is significant, as it highlights each country's industrial competitiveness, exposure to international markets, and resilience to external shocks.
Israel v Iran
Iran has Manufactures imports accounting for 63.83% of its total merchandise imports, while Israel has a much higher proportion at 77.78%. Israel's higher percentage suggests a greater reliance on imported manufactured goods compared to Iran. This could indicate a more diversified industrial base in Israel but also a vulnerability to external market fluctuations. In contrast, Iran's lower percentage may reflect a more self-sufficient manufacturing sector, potentially offering more stability but limiting access to advanced technologies. For Iran, this statistic may signal a focus on domestic production and economic independence, whereas for Israel, it highlights the importance of international trade and potential exposure to global competitiveness.
Saudi Arabia v Iran
Iran has Manufactures imports accounting for 63.83% of its merchandise imports, while Saudi Arabia's Manufactures imports stand at 71.53%. Saudi Arabia has a higher percentage indicating a greater dependency on imported manufactured goods compared to Iran. This dependency can pose a risk for Saudi Arabia in case of disruptions in global trade or price fluctuations. On the other hand, Iran with a lower percentage may have a more diversified import base, reducing vulnerability. However, a lower percentage might also signify a less industrialized economy. The impact of this statistic on both countries' development lies in their resilience to external shocks and their ability to enhance domestic manufacturing capabilities for long-term economic stability.
India v Pakistan
India and Pakistan both have a significant portion of their merchandise imports coming from manufactures, with India at 52.82% and Pakistan at 51.56%. This indicates a reliance on imported manufactured goods for both countries, with India slightly ahead in this aspect. For India, this high percentage may signify a diverse industrial base but also vulnerability to external market fluctuations. In contrast, Pakistan's reliance on manufactured imports may show a need to strengthen domestic production capabilities to reduce import dependency. For both countries, focusing on increasing domestic manufacturing capacity could lead to more sustainable economic development and reduced vulnerability to international trade dynamics.
Turkey v Greece
In terms of Manufactures imports (% of merchandise imports), Greece has a value of 59.12% while Turkey has a slightly lower value of 59.01%. Greece's higher percentage indicates a greater reliance on imported manufactured goods compared to Turkey. This dependency can provide Greece with access to a wider range of products and technologies, boosting its industrial capacity. However, it also exposes Greece to fluctuations in global manufacturing prices and supply chain disruptions. Conversely, Turkey's lower dependency may indicate a more diversified domestic manufacturing base, offering more resilience to external shocks but potentially limiting access to specialized goods. Ultimately, this statistic suggests that Greece may benefit from international trade partnerships while Turkey could focus on strengthening domestic manufacturing capabilities.
China v Japan
China's Manufactures imports account for approximately 59.94% of its total merchandise imports, indicating a significant reliance on imported manufactured goods. In contrast, Japan has a higher percentage at 62.21%, suggesting even greater dependence on foreign manufactured products. China benefits from cost-effective imports to support its manufacturing sector but faces risks of overdependence. Japan, while relying heavily on imports, may have advanced technology and quality control in its favor but is susceptible to supply chain disruptions. This statistic reflects the countries' industrial structures and trade policies, playing a crucial role in shaping their economic development and resilience.
FAQs
- Which country has the most Manufactures imports (% of merchandise imports)?
- Answer: Czech Republic has the highest percentage of Manufactures imports among the listed countries, with a value of 86.37%.
- Which country has the least Manufactures imports (% of merchandise imports)?
- Answer: Kiribati has the lowest percentage of Manufactures imports among the listed countries, with a value of 39.19%.
- What is the average Manufactures imports (% of merchandise imports) among the listed countries?
- Answer: The average percentage of Manufactures imports among the listed countries is approximately 66.76%.
- How do countries vary in terms of Manufactures imports (% of merchandise imports)?
- Answer: Countries show a range of values for Manufactures imports, with some like Czech Republic having high percentages and others like Kiribati having lower percentages.
- What are the implications of a high percentage of Manufactures imports for a country's economy?
- Answer: A high percentage of Manufactures imports may indicate a reliance on imported manufactured goods, which can impact domestic industries and trade balances.