Top 20 | High-technology exports (current US$) | 2007-2017

Welcome to this video, for your interest. Please subscribe for more videos. ▶Definition High-technology exports are products with high R&D intensity, such as aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery. Data are in current U.S. dollars. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▶DONT CLICK THIS - https://bit.ly/3gz9Qp5 ▶Stats on World - https://bit.ly/3eldwbB ▶Economy & Growth - https://bit.ly/2Zl2vCW ▶Health - https://bit.ly/2C4UMAb ▶Climate Change - https://bit.ly/2CvFMLl ▶Infrastructure - https://bit.ly/32cxoLF ▶Social Protection & Labor - https://bit.ly/3058QS4 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▶Development relevance The OECD has developed a four-way classification of exports: high, medium-high, medium-low and low-technology. The classification is based on the importance of expenditures on research and development relative to the gross output and value added of different types of industries that produce goods for export. Examples of high-technology industries are aircraft, computers, and pharmaceuticals; medium-high-technology includes motor vehicles, electrical equipment and most chemicals; medium-low-technology includes rubber, plastics, basic metals and ship construction; low-technology industries include food processing, textiles, clothing and footwear. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▶Source: Data Bank United Nations, Comtrade database through the WITS platform. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▶Limitations and exceptions Because industrial sectors specializing in a few high-technology products may also produce low-technology products, the product approach is more appropriate for international trade. The method takes only R&D intensity into account, but other characteristics of high technology are also important, such as knowhow, scientific personnel, and technology embodied in patents. Considering these characteristics would yield a different list (see Hatzichronoglou 1997). The indicator is based on data reported by countries to COMTRADE. The export values presented in the World Development Indicators represent Gross Exports less Re-Exports. The values may be impacted in cases of reporting errors or missing data, for example if countries do not report Re-Exports for one or more periods. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ #World #DataBank #BarRace