High-Tech Export Percentage 2023

Bhutan

In 2023, Bhutan ranks #157 globally with a High-Tech Export Percentage of 0.0107261524845822 % of manufactured exports. This figure places Bhutan near the bottom of the global spectrum, significantly lower than many neighboring countries that have more developed technology sectors. The country's limited investment in high-tech industries, combined with a focus on traditional sectors like agriculture and hydropower, contributes to this low percentage.

Andorra

In 2023, Andorra ranks #27 globally with a High-Tech Export Percentage of 21.4346319155008 % of manufactured exports. This figure positions Andorra above many of its regional peers in the European microstate category, indicating a robust engagement in high-tech sectors.

The country's focus on developing a diverse economy beyond tourism, coupled with strategic investments in technology and innovation, has significantly contributed to this high percentage. Additionally, Andorra's favorable tax environment attracts tech firms, enhancing its export capabilities in high-tech industries.

Trinidad and Tobago

In 2023, Trinidad and Tobago ranks #150 globally with a High-Tech Export Percentage of 0.223229642343117 % of manufactured exports. This figure is significantly lower than the global average, reflecting the country's reliance on traditional industries such as oil and gas rather than high-tech manufacturing. Factors contributing to this low percentage include limited investment in technology sectors and a small domestic market that hampers innovation and scalability.

Czech Republic

In 2023, the Czech Republic ranks #29 globally with a High-Tech Export Percentage of 20.302723987427 % of manufactured exports. This figure is notable compared to the European Union average, which typically hovers around 18%. The country's strong emphasis on engineering education and a robust manufacturing base, particularly in automotive and electronics sectors, drives this high-tech export performance.

Cyprus

In 2023, Cyprus achieved a global rank of #31 with a High-Tech Export Percentage of 18.7419533928829 % of manufactured exports. This figure is notably higher than the global average, reflecting the country's strategic focus on technology and innovation. Key drivers include Cyprus's favorable business environment, EU membership, and investment in education, which have fostered a growing tech sector and increased export capabilities.

Angola

In 2023, Angola ranks #23 globally with a High-Tech Export Percentage of 23.8505514532067 % of manufactured exports. This figure positions Angola above many regional peers and indicates a growing emphasis on technology-driven sectors within its economy. Key drivers of this statistic include the government's investment in diversifying the economy beyond oil and the establishment of technology hubs aimed at fostering innovation.

Philippines

The Philippines ranks #2 globally with a High-Tech Export Percentage of 63.3071846811257 % of manufactured exports in 2023. This figure is significantly higher than many of its Southeast Asian neighbors, reflecting the country's strong focus on technology-driven industries. Key drivers include a well-educated workforce, robust foreign investment in electronics manufacturing, and government policies that support innovation and technology development.

Panama

In 2023, Panama ranks #139 globally with a High-Tech Export Percentage of 1.00049164015675 % of manufactured exports. This figure is notably lower than many of its Central American neighbors, highlighting a regional trend where high-tech exports remain limited. Factors such as Panama's focus on services, particularly in logistics and finance, along with its developing industrial base, contribute to this low percentage in high-tech manufacturing. Additionally, the country's geographic position as a trade hub may prioritize traditional sectors over high-tech innovation.

Bahamas

In 2023, the Bahamas ranks #156 globally with a High-Tech Export Percentage of 0.0138247645369376 % of manufactured exports. This figure is significantly lower than many regional neighbors, reflecting the country's limited focus on high-tech industries compared to more developed economies. Contributing factors include a heavy reliance on tourism and financial services, which dominate the economy, leaving little room for the growth of high-tech manufacturing sectors.

Dominican Republic

The Dominican Republic ranks #79 globally with a High-Tech Export Percentage of 6.03092939982151 % of manufactured exports in 2023. This figure is notably lower than the global average for high-tech exports, reflecting the country's ongoing transition in its manufacturing sector.

Key drivers of this statistic include the Dominican Republic's focus on traditional industries such as textiles and agriculture, alongside efforts to enhance its technological infrastructure and workforce skills. Additionally, government policies aimed at attracting foreign investment in technology sectors are gradually influencing export dynamics.