Australia - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Australia was 47.00 as of 2020. Its highest value over the past 60 years was 81.06 in 1973, while its lowest value was 46.37 in 2013.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 79.23
1961 76.57
1962 78.61
1963 75.93
1964 74.30
1965 74.01
1966 77.32
1967 71.77
1968 78.02
1969 77.79
1970 76.70
1971 77.26
1972 80.60
1973 81.06
1974 72.73
1975 72.53
1976 76.60
1977 75.51
1978 76.30
1979 73.80
1980 71.48
1981 73.64
1982 72.04
1983 75.40
1984 74.81
1985 74.71
1986 74.58
1987 78.02
1988 79.20
1989 76.79
1990 77.73
1991 78.94
1992 77.82
1993 75.83
1994 74.11
1995 74.25
1996 70.95
1997 70.39
1998 73.89
1999 73.20
2000 72.77
2001 72.49
2002 72.29
2003 71.48
2004 68.03
2005 66.03
2006 65.12
2007 64.08
2008 64.12
2009 56.46
2010 54.01
2011 52.84
2012 51.83
2013 46.37
2014 47.82
2015 48.19
2016 48.58
2017 46.66
2018 47.46
2019 46.43
2020 47.00

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports