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

Merchandise exports to high-income economies (% of total merchandise exports) in Spain was 80.63 as of 2020. Its highest value over the past 60 years was 85.61 in 1999, while its lowest value was 63.31 in 1981.

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 78.23
1961 78.30
1962 77.60
1963 78.68
1964 77.80
1965 76.61
1966 69.84
1967 72.37
1968 73.88
1969 71.07
1970 73.88
1971 76.40
1972 75.19
1973 74.61
1974 73.09
1975 68.83
1976 70.28
1977 68.65
1978 68.49
1979 68.67
1980 67.60
1981 63.31
1982 64.82
1983 68.13
1984 71.28
1985 71.93
1986 78.93
1987 80.27
1988 81.68
1989 81.88
1990 82.19
1991 82.40
1992 83.37
1993 82.04
1994 82.69
1995 84.02
1996 82.95
1997 84.88
1998 85.15
1999 85.61
2000 84.51
2001 84.97
2002 85.13
2003 84.87
2004 84.11
2005 83.13
2006 82.55
2007 81.80
2008 79.85
2009 80.26
2010 79.45
2011 78.15
2012 75.93
2013 75.39
2014 76.66
2015 78.18
2016 79.32
2017 78.23
2018 78.35
2019 79.16
2020 80.63

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