Paraguay - Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in Paraguay was 65.88 as of 2020. Its highest value over the past 60 years was 77.73 in 2002, while its lowest value was 16.40 in 1973.

Definition: Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 28.66
1961 28.64
1962 29.03
1963 22.37
1964 23.65
1965 26.00
1966 32.70
1967 24.91
1968 27.80
1969 30.33
1970 31.56
1971 30.96
1972 21.45
1973 16.40
1974 27.67
1975 33.16
1976 17.47
1977 19.07
1978 17.94
1979 27.64
1980 38.43
1981 42.78
1982 43.75
1983 34.03
1984 28.52
1985 23.94
1986 55.44
1987 32.65
1988 29.30
1989 34.26
1990 35.66
1991 32.48
1992 35.21
1993 38.18
1994 52.05
1995 55.54
1996 61.36
1997 54.56
1998 54.39
1999 54.76
2000 53.18
2001 74.72
2002 77.73
2003 70.61
2004 61.21
2005 62.71
2006 62.80
2007 66.63
2008 59.99
2009 59.41
2010 47.95
2011 47.29
2012 53.85
2013 45.05
2014 43.48
2015 43.90
2016 49.00
2017 53.13
2018 64.33
2019 62.08
2020 65.88

Development Relevance: The relative importance of intraregional trade is higher for both landlocked countries and small countries with close trade links to the largest regional economy. For most low- and middle-income economies - especially smaller ones - there is a "geographic bias" favoring intraregional trade. Despite the broad trend toward globalization and the reduction of trade barriers, the relative share of intraregional trade increased for most economies between 1999 and 2010. This is due partly to trade-related advantages, such as proximity, lower transport costs, increased knowledge from repeated interaction, and cultural and historical affinity. The direction of trade is also influenced by preferential trade agreements that a country has made with other economies. Though formal agreements on trade liberalization do not automatically increase trade, they nevertheless affect the direction of trade between the participating 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