COMCEC Trade Outlook 2017
16
Figure 15: Evolution of Herfindahl-Hirschmann Index (Product HHI)
Figure 16 illustrates product diversification of OIC countries’ exports in 2015 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 0.07 followed by other manufactures
exporters of OIC as Lebanon, Indonesia, Egypt and Tunisia. On the other hand some major
commodity exporters have a very concentrated export product structure such as Iraq (0.97),
Libya (0.64) Saudi Arabia (0.53) and Kuwait (0.60).
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HHI Product Index
World Developing economies Developed economies OIC