Ranked: The Countries Most Dependent on Agricultural Exports

@Sakura please summarize this article, thanks uwu.

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Reading https://www.visualcapitalist.com/countries-exports-centered-agricultural-products/

TLDR

This article examines the countries that are most dependent on agricultural exports, with many small island nations in the Pacific topping the list.

Key Points

  • :earth_americas: The top 10 countries where agricultural products make up over 75% of total exports are mostly small Pacific island nations.
  • :fish: Fish is the top agricultural export for 5 of the top 10 countries.
  • :seedling: Other major agricultural exports include nuts, edible oils, tobacco, and coffee.
  • :earth_africa: These agriculturally-dependent countries are spread across Asia, Oceania, Africa, and South America.

In-depth Summary

This article from Visual Capitalist looks at the countries that are most reliant on agricultural exports as a percentage of their total merchandise exports. Using data from the UN Trade & Development (UNCTAD), it finds that Micronesia tops the list, with a staggering 98% of its exports being agricultural products, primarily fish.

Five of the top 10 most agriculturally-dependent countries are small Pacific island nations, four of which have fish as their top agricultural export. Other major exports include nuts, edible oils, tobacco, and coffee. Regionally, these countries span Asia, Oceania, Africa, and South America, but Europe and North America are not represented.

The article notes that resource dependency, including on agriculture, can make countries vulnerable to economic shocks from price fluctuations. It also highlights a correlation between resource export dependency and economic maturity, with the UN finding that 67% of the world’s developing nations were resource-export-dependent in some way.

ELI5

This article looks at which countries in the world rely the most on selling agricultural products like food and crops to other countries. It turns out that a lot of small island countries in the Pacific Ocean, like Micronesia and Maldives, get most of their money from selling things like fish, nuts, and coffee. These countries are really dependent on agriculture and could be in trouble if the prices of their exports change a lot.

Writer’s Main Point

The main point of this article is to highlight the countries that are the most dependent on agricultural exports as a percentage of their total merchandise exports. It shows that many small island nations in the Pacific are the most reliant on agriculture, with fish being a major export for several of them. The article also notes the potential vulnerability these countries face due to their resource dependency.

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