Ores and metals imports (% of merchandise imports)

This indicator reflects the proportion of a nation's total merchandise imports that consist of ores and metals, specifically classified under the Standard International Trade Classification (SITC) sections 27, 28, and 68. These categories include a diverse range of materials, such as crude fertilizers and various mineral resources, as well as metalliferous ores and non-ferrous metals. Analyzing this ratio provides vital insights into a country’s dependency on foreign sources for essential raw materials that drive industrial processes and economic growth. A higher percentage may indicate a reliance on imported resources, potentially making the economy vulnerable to global market fluctuations. Conversely, a lower percentage could signify strong domestic production capabilities, highlighting the nation’s self-sufficiency and resilience in resource management. Source: