What does the Non-Oil Exports data represent?

Merchandise Trade Non-Oil, Non-Gold Exports data quantifies the value of a country's export of goods, excluding oil and oil-related products and gold, over a certain period.

This metric is critical for countries where oil and gold are not a major export component, providing insight into the economic contribution of other sectors such as manufacturing, agriculture, and technology. It serves as an indicator of the diversity and health of a country's export economy.

What is the significance of the Non-Oil, Non-Gold Exports data?

This data reveals the extent to which a country's export economy is diversified beyond oil and gold, reducing the reliance on major commodities and indicating economic resilience.

It highlights strong sectors that contribute significantly to the economy and identifies areas needing policy intervention for growth.

This data reflects how integrated a country is in the global supply chain for various non-oil and non-gold commodities, indicating its role in global trade.

High non-oil and non-gold exports, especially in technology or advanced manufacturing, suggest a competitive edge and innovation in the global market.

This metric helps assess how global trends, such as technological changes or shifts in consumer demand, impact a country’s non-oil sectors.

How to interpret the Non-Oil Exports data?

Evaluate long-term trends in non-oil exports to understand growth patterns and identify cyclical fluctuations related to global economic conditions.

Examine which non-oil sectors are driving export growth and their potential vulnerabilities to external shocks like trade disputes or global market downturns.

Compare non-oil export performance with peer countries to gauge competitive standing and potential market opportunities or threats.

Assess non-oil exports in relation to other economic indicators such as GDP growth, industrial output, and employment rates in export-oriented sectors.

Analyse the influence of international trade agreements, tariffs, and regulations on non-oil export performance.

Understand how exchange rate movements impact the competitiveness of non-oil exports, as currency values can significantly affect export pricing and demand.

Evaluate how domestic economic policies, including industrial subsidies, tax incentives, and investment in infrastructure, influence non-oil export performance.

Analyse how trends in non-oil exports affect investor sentiment, particularly in sectors showing robust export performance.