{"id":1436904,"date":"2023-11-04T13:55:00","date_gmt":"2023-11-04T17:55:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1436904"},"modified":"2023-11-04T13:55:00","modified_gmt":"2023-11-04T17:55:00","slug":"these-are-the-top-middle-east-exports-by-country","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/these-are-the-top-middle-east-exports-by-country\/1436904\/","title":{"rendered":"These Are The Top Middle East Exports By Country"},"content":{"rendered":"

These Are The Top Middle East Exports By Country<\/span><\/p>\n

\n

The Middle East is widely recognized for its significant role in the global energy market. However, countries in the region also foster other substantial industries, including metals, chemicals, and agriculture.<\/p>\n

Visual Capitalist’s Niccolo Conte and Sabrina Lam created the graphic below,<\/a> using 2021 exports data from\u00a0The Observatory of Economic Complexity<\/a>, to help explain the economy of the Middle East.<\/p>\n

<\/a><\/p>\n

\u2139\ufe0f Though\u00a0Afghanistan<\/strong>\u00a0is not part of the traditionally defined Middle East, we\u2019ve included it due to multiple organizations counting it as part of the region.<\/em><\/p>\n

Top Exports by Middle-Eastern Countries in 2021<\/h2>\n

In 2021, the Middle East\u2019s exports reached a total value of $1.27 trillion. While the region lags behind Asia, Europe, and North America in\u00a0global exports<\/a>, it outpaces Africa and South America.<\/p>\n

Despite many countries undertaking efforts to diversify their economies and reduce their oil dependence, most of the exports still come from fossil fuels.<\/p>\n

Country
\n\t\t\tTop Export (2021)
\n\t\t\tTop Export Value
\n\t\t\tTotal Exports Value
\n\t\t\ud83c\udde6\ud83c\uddea UAE
\n\t\t\tCrude petroleum
\n\t\t\t$58.5B
\n\t\t\t$296.0B
\n\t\t\ud83c\uddf8\ud83c\udde6 Saudi Arabia
\n\t\t\tCrude petroleum
\n\t\t\t$138.0B
\n\t\t\t$256.0B
\n\t\t\ud83c\uddf9\ud83c\uddf7 Turkey
\n\t\t\tCars
\n\t\t\t$10.0B
\n\t\t\t$234.0B
\n\t\t\ud83c\uddf6\ud83c\udde6 Qatar
\n\t\t\tPetroleum gas
\n\t\t\t$57.2B
\n\t\t\t$94.7B
\n\t\t\ud83c\uddee\ud83c\uddf6 Iraq
\n\t\t\tCrude petroleum
\n\t\t\t$72.0B
\n\t\t\t$81.1B
\n\t\t\ud83c\uddee\ud83c\uddf1 Israel
\n\t\t\tDiamonds
\n\t\t\t$9.1B
\n\t\t\t$64.1B
\n\t\t\ud83c\uddf0\ud83c\uddfc Kuwait
\n\t\t\tCrude petroleum
\n\t\t\t$40.1B
\n\t\t\t$58.2B
\n\t\t\ud83c\uddf4\ud83c\uddf2 Oman
\n\t\t\tCrude petroleum
\n\t\t\t$24.2B
\n\t\t\t$56.9B
\n\t\t\ud83c\uddea\ud83c\uddec Egypt
\n\t\t\tRefined petroleum
\n\t\t\t$4.8B
\n\t\t\t$44.5B
\n\t\t\ud83c\udde7\ud83c\udded Bahrain
\n\t\t\tRefined petroleum
\n\t\t\t$4.3B
\n\t\t\t$15.0B
\n\t\t\ud83c\uddee\ud83c\uddf7 Iran
\n\t\t\tEthylene polymers
\n\t\t\t$3.2B
\n\t\t\t$14.0B
\n\t\t\ud83c\uddef\ud83c\uddf4 Jordan
\n\t\t\tPotassic fertilizers
\n\t\t\t$1.2B
\n\t\t\t$12.0B
\n\t\t\ud83c\uddf1\ud83c\udde7 Lebanon
\n\t\t\tGold
\n\t\t\t$0.4B
\n\t\t\t$4.8B
\n\t\t\ud83c\uddfe\ud83c\uddea Yemen
\n\t\t\tCrude petroleum
\n\t\t\t$1.1B
\n\t\t\t$2.0B
\n\t\t\ud83c\udde6\ud83c\uddeb Afghanistan
\n\t\t\tGrapes
\n\t\t\t$0.4B
\n\t\t\t$1.9B
\n\t\t\ud83c\uddf5\ud83c\uddf8 Palestine
\n\t\t\tBuilding stone
\n\t\t\t$0.2B
\n\t\t\t$1.5B
\n\t\t\ud83c\uddf8\ud83c\uddfe Syria
\n\t\t\tPure olive oil
\n\t\t\t$0.1B
\n\t\t\t$1.0B<\/p>\n

The Middle East accounts for one-third of\u00a0global oil production<\/a>, producing over 30 million barrels per day. Five of the world\u2019s top 10 oil producers are located in the region.<\/p>\n

But some countries like\u00a0T\u00fcrkiye<\/strong>\u00a0show off more diverse economies. The country\u2019s exports range from minerals to machinery and textiles, with cars as its top export. The country is actually one of the world\u2019s\u00a0top automotive exporters<\/a>.<\/p>\n

Israel<\/strong>\u00a0is another of the Middle East\u2019s most diverse economies. The country\u2019s major exports encompass electronics, software, and refined petroleum, but cut diamonds rank as the country\u2019s largest single export by value.<\/p>\n

Iran<\/strong>\u00a0has tapped into its ample\u00a0reserves of oil<\/a>\u00a0and natural gas in a different way, becoming a significant producer of plastics. Presently, plastics and rubbers constitute one-quarter of Iran\u2019s exports.<\/p>\n

How the Middle East Impacts the Global Economy<\/h2>\n

Given that the oil sector is one of the most significant in the global economy in terms of both volume and transaction value, many Middle Eastern countries are substantial players in\u00a0international politics<\/a>.<\/p>\n

Nations such as\u00a0Saudi Arabia<\/strong>\u00a0and the\u00a0UAE<\/strong>\u00a0have direct impact on the oil market and play a pivotal role in determining the price of the commodity.<\/p>\n

Due to the region\u2019s massive exports (and imports of goods), and the importance of oil and gas in goods manufacturing worldwide,\u00a0regional conflicts<\/a>\u00a0by Middle Eastern countries also impact global markets directly.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 11\/04\/2023 – 09:55<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/geopolitical\/these-are-top-middle-east-exports-country<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

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