Brunei - Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in Brunei was 45.70 as of 2020. Its highest value over the past 58 years was 60.56 in 2018, while its lowest value was 6.83 in 1971.

Definition: Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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
1962 12.75
1963 11.33
1965 10.18
1967 19.66
1968 14.14
1969 15.26
1971 6.83
1972 11.80
1973 15.46
1974 13.14
1975 11.09
1976 10.62
1977 10.87
1978 12.90
1979 10.64
1980 9.24
1981 10.72
1982 9.03
1983 10.51
1984 10.71
1985 9.96
1986 12.15
1987 16.39
1988 15.95
1989 17.53
1990 19.09
1991 17.38
1992 15.15
1993 14.41
1994 21.89
1995 22.00
1996 20.33
1997 23.23
1998 16.03
1999 28.45
2000 30.51
2001 31.26
2002 25.55
2003 32.04
2004 40.01
2005 39.84
2006 38.83
2007 35.53
2008 35.35
2009 32.90
2010 41.89
2011 35.64
2012 41.93
2013 45.05
2014 40.69
2015 42.95
2016 44.89
2017 48.34
2018 60.56
2019 51.83
2020 45.70

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

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: Imports