COMCEC Trade Outlook 2016
16
The OIC export markets are highly concentrated (Table 3).
Although 13.2 per cent of extra-OIC exports destined to
China, OIC exports are mainly shipped to developed
countries in recent years. The top ten countries accounts for
66 per cent of extra-OIC exports. This points to a high
country concentration in total OIC exports which makes OIC countries vulnerable to external
shocks that might result from decreasing demand in these countries and/or falling commodity
prices.
Table 3: Major Destinations of Total Extra-OIC Exports
Source: UNCTADSTAT
Total OIC exports are highly concentrated. The share of
mineral fuels, oils and distillation products in OIC exports
is 47.4 percent in 2015. This is followed by electrical
electronic equipment, articles of apparel, pearls, precious
stones and machinery. These five sectors as a whole
account for 66 per cent of total OIC exports. (Figure 14)
Figure 14: OIC Exports to World- Top 10 Items
Source: ITC Trade map
Countries 2013 2014 2015 2013 2014 2015
China 257 251 168 13.0 13.3 13.2
India 190 177 120 9.6 9.4 9.4
Japan 234 217 117 11.8 11.5 9.2
United States 162 147 99 8.2 7.8 7.8
Korea, Republic of 152 145 81 7.7 7.7 6.4
Singapore 99 99 66 5.0 5.3 5.2
Taiwan 95 90 63 4.8 4.8 4.9
Italy 87 75 50 4.4 4.0 3.9
France 62 60 42 3.2 3.2 3.3
Germany 52 50 41 2.6 2.6 3.2
EU 28 448 429 312 22.7 22.8 24.4
Total of Top Ten Countries 1839 1312 849 70.3 69.5 66.4
(Billion $) Share %
0 100 200 300 400 500 600 700 800
Mineral fuels, oils, distillation…
Electrical, electronic equipment
Articles of apperel
Pearls, precious stones, metals, coins, etc
Machinery, nuclear reactors, boilers, etc
Plastics and articles thereof
Vehicles other than railway, tramway
Articles of apparel, accessories, knit or…
Animal,vegetable fats and oils,…
Articles of apparel, accessories, not…
Organic chemicals
Billion $
“The country
concentration of total
OIC exports is high”
“OIC exports are
dominated by mineral
fuels and oils”