Argentina - Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) in Argentina was 31.93 as of 2020. Its highest value over the past 60 years was 42.66 in 2005, while its lowest value was 6.54 in 1962.

Definition: Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are 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. 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 7.22
1961 7.13
1962 6.54
1963 8.72
1964 13.81
1965 18.91
1966 17.22
1967 16.27
1968 16.16
1969 16.09
1970 15.48
1971 15.57
1972 15.07
1973 14.76
1974 15.50
1975 17.23
1976 19.54
1977 17.26
1978 15.14
1979 15.30
1980 15.84
1981 16.07
1982 24.52
1983 27.48
1984 31.03
1985 30.12
1986 28.82
1987 24.97
1988 27.58
1989 27.49
1990 28.66
1991 25.57
1992 26.69
1993 24.63
1994 22.41
1995 26.65
1996 26.26
1997 26.84
1998 26.32
1999 26.03
2000 30.25
2001 30.65
2002 33.53
2003 38.81
2004 41.03
2005 42.66
2006 40.87
2007 39.28
2008 37.74
2009 37.07
2010 37.31
2011 36.09
2012 33.48
2013 33.35
2014 29.68
2015 29.31
2016 31.59
2017 34.64
2018 33.64
2019 30.38
2020 31.93

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: Imports