Argentina - 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 Argentina was 23.20 as of 2020. Its highest value over the past 60 years was 37.83 in 1997, while its lowest value was 6.13 in 1961.

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 10.34
1961 6.13
1962 9.16
1963 10.20
1964 11.53
1965 12.16
1966 11.48
1967 13.42
1968 17.40
1969 15.06
1970 13.35
1971 10.81
1972 14.80
1973 15.29
1974 17.55
1975 24.11
1976 22.45
1977 19.08
1978 18.56
1979 19.51
1980 18.35
1981 15.53
1982 15.84
1983 11.33
1984 16.64
1985 18.41
1986 21.54
1987 17.48
1988 15.97
1989 20.70
1990 20.14
1991 21.32
1992 23.60
1993 31.45
1994 32.13
1995 34.96
1996 35.25
1997 37.83
1998 37.34
1999 32.40
2000 33.89
2001 31.70
2002 27.79
2003 24.33
2004 26.27
2005 25.41
2006 28.04
2007 28.35
2008 27.88
2009 29.45
2010 30.79
2011 30.52
2012 31.20
2013 30.99
2014 29.18
2015 25.58
2016 23.54
2017 24.84
2018 27.51
2019 25.26
2020 23.20

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