COMCEC Trade Outlook 2019
17
Source: UNCTAD STAT
Figure 17 illustrates product diversification of OIC countries’ exports in 2018 measured by
Herfindahl index. All OIC countries has a more concentrated export product structure compared
to world averages. According to the Herfindahl index Turkey has the most diversified export
product structure amongst the OIC countries with a HHI of 0.08 followed by other manufactures
exporters of OIC as Lebanon, Indonesia, Tunisia, and Egypt. On the other hand some major oil
exporters have a very concentrated export product structure such as Iraq (HHI: 0.96),
Azerbaijan (HHI:0.83), Kuwait (HHI: 0.30) and Saudi Arabia (HHI:0.49).
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2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
HHI Product Index
World Developing economies Developed economies OIC