Methodological note. EIS: Medium and high-tech products exports as % of total product exports

The indicator measures the technological competitiveness of the EU i.e. the ability to commercialise the results of research and development (R&D) and innovation in the international markets. It also reflects product specialisation by country. Creating, exploiting and commercialising new technologies are vital for the competitiveness of a country in the modern economy. This is because medium and high technology products are key drivers for economic growth, productivity and welfare, and are generally a source of high value added and well-paid employment.

The indicator is obtained as a quotient.

Numerator:

Value of medium and high-tech exports, in national currency and current prices. High-tech exports include exports of the following SITC Rev. 3 products: 266, 267, 512, 513, 525, 533, 54, 553, 554, 562, 57, 58, 591, 593, 597, 598, 629, 653, 671, 672, 679, 71, 72, 731, 733, 737, 74, 751, 752, 759, 76, 77, 78, 79, 812, 87, 88 and 891.

Denominator:

Value of total exports, in national currency and current prices.