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.
Visual Capitalist’s Niccolo Conte and Sabrina Lam created the graphic below, using 2021 exports data from The Observatory of Economic Complexity, to help explain the economy of the Middle East.
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.
Hellbound and Down 