Finland - 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 Finland was 18.29 as of 2020. Its highest value over the past 60 years was 28.66 in 2011, while its lowest value was 3.39 in 1962.

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
1960 5.72
1961 5.30
1962 3.39
1963 6.36
1964 7.40
1965 6.20
1966 6.79
1967 7.27
1968 6.67
1969 7.88
1970 8.14
1971 5.02
1972 6.68
1973 6.47
1974 7.05
1975 7.67
1976 6.16
1977 7.64
1978 6.97
1979 8.40
1980 7.42
1981 4.90
1982 4.40
1983 4.59
1984 4.53
1985 5.00
1986 4.27
1987 3.57
1988 3.81
1989 3.81
1990 3.78
1991 5.08
1992 13.09
1993 14.25
1994 15.69
1995 12.34
1996 13.50
1997 15.11
1998 13.38
1999 12.53
2000 15.83
2001 15.96
2002 16.58
2003 18.83
2004 20.81
2005 22.41
2006 24.12
2007 24.28
2008 26.38
2009 26.06
2010 27.35
2011 28.66
2012 27.73
2013 26.74
2014 23.83
2015 19.22
2016 19.08
2017 20.65
2018 21.57
2019 20.88
2020 18.29

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