High-technology import data refers to the volume and value of imports classified as high-technology products. High-technology products typically include advanced goods in sectors such as electronics, aerospace, pharmaceuticals, and biotechnology. These products often represent significant investments in research and development and contribute to the technological advancement of economies.
High-technology import data is crucial for several reasons:
To measure the high-technology import data, we follow the method proposed by the United Nations Industrial Development Organization report titled “Competing through Innovation and Learning” published in 2002.
High-technology import data provides insights into the level of technological engagement within an economy. A rise in high-tech imports may indicate increased reliance on advanced technologies to boost productivity or fill technological gaps. Conversely, a decline could suggest a move toward local production or reduced investment in technology.
The range of high-technology import data can vary significantly based on factors such as: