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

Merchandise exports to high-income economies (% of total merchandise exports) in Iceland was 93.66 as of 2020. Its highest value over the past 60 years was 98.26 in 1999, while its lowest value was 69.05 in 1960.

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 69.05
1961 81.59
1962 78.64
1963 80.90
1964 82.34
1965 85.05
1966 85.09
1967 80.46
1968 84.74
1969 84.52
1970 89.24
1971 89.30
1972 86.77
1973 90.98
1974 88.27
1975 81.20
1976 89.80
1977 84.39
1978 82.99
1979 91.67
1980 84.25
1981 76.97
1982 85.41
1983 83.25
1984 88.11
1985 90.80
1986 92.27
1987 93.04
1988 93.26
1989 91.92
1990 94.93
1991 96.48
1992 95.36
1993 95.86
1994 95.63
1995 95.55
1996 93.75
1997 95.57
1998 96.33
1999 98.26
2000 97.55
2001 96.79
2002 96.39
2003 96.34
2004 95.61
2005 95.25
2006 94.50
2007 95.35
2008 93.92
2009 93.31
2010 93.68
2011 92.31
2012 90.18
2013 90.68
2014 89.55
2015 91.57
2016 93.27
2017 92.38
2018 91.73
2019 91.80
2020 93.66

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