Food exports (% of merchandise exports)

This indicator measures the proportion of a country’s merchandise exports that are derived from food-related commodities, which encompass a diverse range of products categorized under several SITC sections. Specifically, it includes food and live animals, beverages and tobacco, animal and vegetable oils and fats, as well as oil seeds and nuts. By analyzing this metric, stakeholders can gain meaningful insights into the agricultural sector's contribution to the economy, food security implications, and the country’s role in global trade networks. A higher percentage often signifies a strong agricultural base and an increasing reliance on international markets for income generation, while lower values might indicate a more industrialized economy with diminished dependence on agricultural exports. Source: