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

Merchandise exports to high-income economies (% of total merchandise exports) in Singapore was 53.53 as of 2020. Its highest value over the past 60 years was 74.93 in 1963, while its lowest value was 44.21 in 1968.

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 58.09
1962 68.35
1963 74.93
1968 44.21
1969 46.38
1970 51.60
1971 52.27
1972 56.87
1973 60.97
1974 61.46
1975 62.27
1976 66.45
1977 65.58
1978 63.13
1979 62.39
1980 59.47
1981 61.08
1982 59.27
1983 59.08
1984 61.26
1985 61.84
1986 63.46
1987 65.52
1988 65.58
1989 66.22
1990 66.15
1991 65.61
1992 67.25
1993 65.66
1994 61.63
1995 61.90
1996 62.63
1997 63.66
1998 65.90
1999 64.63
2000 62.52
2001 62.10
2002 61.02
2003 55.63
2004 54.71
2005 53.46
2006 52.30
2007 50.96
2008 49.90
2009 51.35
2010 50.32
2011 48.96
2012 49.36
2013 48.42
2014 47.79
2015 48.44
2016 50.83
2017 49.72
2018 50.03
2019 50.21
2020 53.53

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