Manufactures exports (% of merchandise exports)

This economic indicator reflects the proportion of manufactured goods within the total merchandise exports of a nation, encompassing a range of significant product categories. It includes chemicals, basic manufactured items, machinery, transport equipment, and various miscellaneous goods, while notably excluding non-ferrous metals. By analyzing this ratio, stakeholders can gauge industrial competitiveness and the depth of a country’s manufacturing sector. A higher percentage may signify a robust manufacturing base and increased value addition, contributing positively to economic growth. Conversely, a lower proportion may indicate a reliance on raw material exports, which may not be sustainable in the long run. Understanding this indicator thus provides valuable insights into both economic structure and trade dynamics. Source: