Hungary - 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 Hungary was 19.74 as of 2020. Its highest value over the past 60 years was 22.95 in 2011, while its lowest value was 3.26 in 1992.

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 13.68
1961 14.58
1968 8.71
1969 8.71
1970 9.65
1971 8.17
1972 7.24
1973 7.28
1974 9.78
1975 9.59
1976 11.39
1977 11.19
1978 10.63
1979 10.01
1980 10.54
1981 10.06
1982 12.16
1983 14.58
1984 13.45
1985 8.87
1986 8.70
1987 9.26
1988 9.79
1989 7.05
1990 9.30
1991 6.74
1992 3.26
1993 3.29
1994 17.63
1995 18.61
1996 20.13
1997 16.97
1998 14.25
1999 14.04
2000 17.38
2001 18.31
2002 20.02
2003 20.72
2004 19.98
2005 20.04
2006 20.57
2007 20.64
2008 22.58
2009 21.43
2010 22.69
2011 22.95
2012 22.54
2013 22.22
2014 19.19
2015 16.89
2016 15.97
2017 17.76
2018 19.43
2019 19.38
2020 19.74

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