In today's global economy, some nations depend on exports for growth, with specialized industries and trade policies defining their crucial roles in international commerce.
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Here are some countries that depend most on exports:
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Singapore- 187.6% of GDP
Singapore’s exports are 187.6% of GDP, highlighting its status as a global trading hub with key exports like electronics and machinery.
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Ireland – 113.7% of GDP
Ireland's exports at 113.7% GDP, fueled by pharmaceuticals, technology; key exports include medical devices.
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Maldives – 108.2% of GDP
The Maldives, with exports at 108.2% of GDP, relies heavily on fish products, particularly tuna, as well as tourism-related services.
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Macao – 99.1% of GDP
Macao's exports account for 99.1% of its GDP, with a significant portion stemming from gaming and tourism services, alongside textiles and electronics.
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United Arab Emirates – 98.0% of GDP
UAE's exports account for 98.0% of GDP, driven by its oil and gas sector, primarily crude oil and natural gas.
Credit : PEXELS
Equatorial Guinea – 95.6% of GDP
Equatorial Guinea's exports constitute 95.6% of its GDP, predominantly from oil and gas exports, which are central to its economy.
Credit : PEXELS
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