Benin - 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 Benin was 66.63 as of 2020. Its highest value over the past 59 years was 70.88 in 2018, while its lowest value was 0.01 in 1978.

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
1961 1.31
1963 1.61
1964 0.76
1965 1.46
1966 0.98
1967 1.06
1968 0.63
1969 1.72
1970 0.28
1971 1.01
1972 2.78
1973 4.47
1974 13.40
1975 5.52
1976 4.69
1977 1.19
1978 0.01
1979 0.01
1980 3.24
1981 9.01
1982 0.10
1984 2.48
1985 0.30
1986 3.15
1987 6.68
1988 6.69
1989 35.67
1990 20.02
1991 13.32
1992 26.72
1993 70.77
1994 45.01
1995 49.04
1996 54.92
1997 59.67
1998 57.84
1999 68.56
2000 65.89
2001 19.09
2002 53.76
2003 59.28
2004 56.26
2005 61.58
2006 46.06
2007 50.64
2008 49.83
2009 37.00
2010 25.67
2011 42.38
2012 47.71
2013 54.01
2014 44.41
2015 55.04
2016 63.91
2017 65.43
2018 70.88
2019 70.61
2020 66.63

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