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Mapped: The Top Middle East Exports by Country

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Top Middle East exports by country

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Mapped: The Top Middle East Exports by Country

The Middle East is widely recognized for its significant role in the global energy market. However, countries in the region also foster other substantial industries, including metals, chemicals, and agriculture.

The graphic above uses 2021 exports data from The Observatory of Economic Complexity to help explain the economy of the Middle East.

ℹ️ Though Afghanistan is not part of the traditionally defined Middle East, we’ve included it due to multiple organizations counting it as part of the region.

Top Exports by Middle-Eastern Countries in 2021

In 2021, the Middle East’s exports reached a total value of $1.27 trillion. While the region lags behind Asia, Europe, and North America in global exports, it outpaces Africa and South America.

Despite many countries undertaking efforts to diversify their economies and reduce their oil dependence, most of the exports still come from fossil fuels.

CountryTop Export (2021)Top Export ValueTotal Exports Value
🇦🇪 UAECrude petroleum$58.5B$296.0B
🇸🇦 Saudi ArabiaCrude petroleum$138.0B$256.0B
🇹🇷 TurkeyCars$10.0B$234.0B
🇶🇦 QatarPetroleum gas$57.2B$94.7B
🇮🇶 IraqCrude petroleum$72.0B$81.1B
🇮🇱 IsraelDiamonds$9.1B$64.1B
🇰🇼 KuwaitCrude petroleum$40.1B$58.2B
🇴🇲 OmanCrude petroleum$24.2B$56.9B
🇪🇬 EgyptRefined petroleum$4.8B$44.5B
🇧🇭 BahrainRefined petroleum$4.3B$15.0B
🇮🇷 IranEthylene polymers$3.2B$14.0B
🇯🇴 JordanPotassic fertilizers$1.2B$12.0B
🇱🇧 LebanonGold$0.4B$4.8B
🇾🇪 YemenCrude petroleum$1.1B$2.0B
🇦🇫 AfghanistanGrapes$0.4B$1.9B
🇵🇸 PalestineBuilding stone$0.2B$1.5B
🇸🇾 SyriaPure olive oil$0.1B$1.0B

The Middle East accounts for one-third of global oil production, producing over 30 million barrels per day. Five of the world’s top 10 oil producers are located in the region.

But some countries like Türkiye show off more diverse economies. The country’s exports range from minerals to machinery and textiles, with cars as its top export. The country is actually one of the world’s top automotive exporters.

Israel is another of the Middle East’s most diverse economies. The country’s major exports encompass electronics, software, and refined petroleum, but cut diamonds rank as the country’s largest single export by value.

Iran has tapped into its ample reserves of oil and natural gas in a different way, becoming a significant producer of plastics. Presently, plastics and rubbers constitute one-quarter of Iran’s exports.

How the Middle East Impacts the Global Economy

Given that the oil sector is one of the most significant in the global economy in terms of both volume and transaction value, many Middle Eastern countries are substantial players in international politics.

Nations such as Saudi Arabia and the UAE have direct impact on the oil market and play a pivotal role in determining the price of the commodity.

Due to the region’s massive exports (and imports of goods), and the importance of oil and gas in goods manufacturing worldwide, regional conflicts by Middle Eastern countries also impact global markets directly.

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Energy

Visualized: The Growth of Clean Energy Stocks

Visual Capitalist partnered with EnergyX to analyze five major clean energy stocks and explore the factors driving this growth.

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The teaser image shows the growth of clean energy stocks and hints at their cumulative five-year returns.

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The following content is sponsored by EnergyX

The Growth of Clean Energy Stocks

Over the last few years, energy investment trends have shifted from fossil fuels to renewable and sustainable energy sources. Long-term energy investors now see significant returns from clean energy stocks, especially compared to those invested in fossil fuels alone.

For this graphic, Visual Capitalist has collaborated with EnergyX to examine the rise of clean energy stocks and gain a deeper understanding of the factors driving this growth.

Sustainable Energy Stock Performance

In 2023, the IEA reported that 62% of all energy investment went toward sustainable sources. As the world embraces sustainable energy and technologies like EVs, it’s no surprise that clean energy companies provide solid returns for their investors over long periods. 

Taking the top-five clean energy stocks by market cap (as of April 2024) and charting their five-year cumulative returns, it is clear that investments in clean energy are growing:

CompanyPrice: 01/04/2019Price: 12/29/20245-Year-Return %
First Solar, Inc.$46.32$172.28272%
Enphase Energy, Inc.$5.08$132.142,501%
Consolidated Edison, Inc.$76.55$90.9719%
NextEra Energy, Inc.$43.13$60.7441%
Brookfield Renewable Partners$14.78$26.2878%
promotional graphic with a button and wheel that promotes the EnergyX investment site

But how does this compare to the performance of fossil fuel stocks? 

When comparing the performance of the S&P Global Oil Index and the S&P Clean Energy Index between 2019 and 2023, we see that the former returned 15%, whereas the latter returned an impressive 41%. This trend demonstrates the potential for clean energy stocks to yield significant returns on an industry level, sparking optimism and excitement for potential investors. 

A Shift In Returns

With global investment trends moving away from traditional, non-sustainable sources, the companies that could shape the energy transition provide investors with alternative opportunities and avenues for growth. 

One such company is EnergyX. The lithium technology company has patented a groundbreaking technology that can improve lithium extraction rates by an incredible 300%, and its stock price has grown tenfold since its first offering in 2021.

promotional graphic that promotes the EnergyX investment site

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