Papua New Guinea - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Papua New Guinea was 62.18 as of 2020. Its highest value over the past 56 years was 96.08 in 1980, while its lowest value was 60.44 in 2017.

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
1964 94.64
1965 92.32
1966 93.16
1967 90.95
1968 92.52
1969 90.57
1970 93.55
1971 94.60
1972 94.97
1973 95.38
1974 94.64
1975 94.73
1980 96.08
1981 96.04
1982 95.92
1983 95.40
1984 95.23
1985 95.03
1986 94.44
1987 94.60
1988 95.28
1989 94.62
1990 93.99
1991 94.17
1992 91.10
1993 89.99
1994 91.31
1995 90.26
1996 91.44
1997 91.29
1998 89.59
1999 85.80
2000 87.83
2001 89.20
2002 88.20
2003 85.67
2004 86.80
2005 85.45
2006 82.50
2007 80.94
2008 76.52
2009 74.37
2010 78.75
2011 74.19
2012 76.21
2013 74.40
2014 73.31
2015 62.09
2016 65.31
2017 60.44
2018 62.60
2019 66.60
2020 62.18

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