High-technology exports in Melanesia in 2015 — 41,142,590 US$. Since 2011, the indicator has fallen by 82.3%.
2011–2015 · US$
How the value compares with the world and the groups this territory belongs to: Melanesia
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2015 | 41.14M | — | — |
| 2012 | 104M | −128M | −55.2% |
| 2011 | 232M | — | — |
Exports of research-intensive products: aerospace equipment, computers, pharmaceuticals, scientific instruments, electrical machinery. The classification rests on the share of research spending in the value of an industry's output rather than on the sophistication of the item — which is why pharmaceuticals make the list and, say, automobile manufacturing does not.
Important: It is measured by the value of the goods crossing the border, not by the value added inside the country. For countries that assemble electronics from imported parts the figure is well above their actual contribution.
Source: World Development Indicators (World Bank), license CC BY 4.0.