Australia - Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in Australia was 50.71 as of 2020. Its highest value over the past 60 years was 51.73 in 2019, while its lowest value was 13.14 in 1960.

Definition: Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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 13.14
1961 17.46
1962 15.04
1963 17.06
1964 16.19
1965 18.08
1966 17.32
1967 24.00
1968 17.69
1969 18.26
1970 18.67
1971 18.37
1972 14.92
1973 13.68
1974 21.64
1975 21.35
1976 16.96
1977 18.92
1978 18.90
1979 20.41
1980 20.66
1981 20.11
1982 19.81
1983 16.71
1984 18.43
1985 18.55
1986 18.81
1987 17.13
1988 15.93
1989 16.40
1990 17.76
1991 16.87
1992 18.23
1993 20.75
1994 22.30
1995 22.61
1996 25.60
1997 26.43
1998 22.62
1999 22.50
2000 23.48
2001 24.05
2002 24.67
2003 26.01
2004 30.00
2005 32.40
2006 33.37
2007 34.50
2008 34.50
2009 42.49
2010 45.05
2011 46.22
2012 47.30
2013 51.54
2014 49.21
2015 48.70
2016 47.67
2017 50.76
2018 50.52
2019 51.73
2020 50.71

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

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