Australia - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Australia was 52.66 as of 2020. Its highest value over the past 60 years was 91.36 in 1985, while its lowest value was 51.64 in 2017.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed 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.

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

See also:

Year Value
1960 85.65
1961 84.51
1962 85.77
1963 86.34
1964 86.88
1965 87.55
1966 87.33
1967 87.71
1968 88.63
1969 88.68
1970 89.90
1971 90.26
1972 89.72
1973 89.11
1974 88.98
1975 89.27
1976 89.97
1977 88.90
1978 89.45
1979 88.44
1980 88.21
1981 90.21
1982 89.34
1983 91.12
1984 90.18
1985 91.36
1986 91.21
1987 89.30
1988 89.81
1989 89.18
1990 88.91
1991 86.12
1992 84.21
1993 83.64
1994 83.99
1995 83.40
1996 82.08
1997 80.38
1998 79.42
1999 77.85
2000 75.31
2001 74.34
2002 73.00
2003 71.21
2004 70.45
2005 68.50
2006 66.14
2007 65.09
2008 63.74
2009 58.91
2010 57.33
2011 58.20
2012 57.87
2013 56.37
2014 54.93
2015 54.21
2016 54.30
2017 51.64
2018 52.81
2019 53.35
2020 52.66

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.

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