European Union - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in European Union was 78.27 as of 2020. Its highest value over the past 60 years was 85.88 in 1999, while its lowest value was 70.06 in 1974.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies 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
1960 70.52
1961 71.62
1962 71.71
1963 71.59
1964 71.55
1965 72.08
1966 72.31
1967 72.39
1968 71.76
1969 71.95
1970 71.42
1971 72.16
1972 72.60
1973 72.60
1974 70.06
1975 71.54
1976 71.30
1977 70.98
1978 71.77
1979 71.74
1980 71.41
1981 72.72
1982 71.70
1983 70.71
1984 70.54
1985 70.84
1986 75.80
1987 77.11
1988 77.56
1989 77.69
1990 78.29
1991 78.52
1992 79.31
1993 79.49
1994 79.00
1995 79.46
1996 79.21
1997 80.24
1998 81.69
1999 85.88
2000 84.25
2001 84.02
2002 84.32
2003 83.65
2004 82.93
2005 81.07
2006 79.86
2007 79.49
2008 77.72
2009 78.99
2010 77.14
2011 76.52
2012 76.11
2013 76.77
2014 77.29
2015 78.27
2016 78.95
2017 78.16
2018 77.62
2019 77.79
2020 78.27

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.

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