Bolivia - 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 Bolivia was 40.77 as of 2020. Its highest value over the past 60 years was 55.01 in 2004, while its lowest value was 6.80 in 1964.

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 11.95
1961 14.95
1962 10.73
1963 7.42
1964 6.80
1965 9.47
1966 9.31
1967 10.19
1968 11.01
1969 14.49
1970 14.47
1971 14.47
1972 25.21
1973 25.63
1974 33.72
1975 32.56
1976 33.11
1977 29.11
1978 21.36
1979 24.30
1980 24.30
1981 28.73
1982 29.80
1983 37.37
1984 43.27
1985 41.40
1986 33.12
1987 37.66
1988 38.72
1989 37.17
1990 33.13
1991 30.03
1992 28.58
1993 30.19
1994 34.14
1995 29.88
1996 28.96
1997 35.31
1998 27.68
1999 33.71
2000 41.38
2001 47.32
2002 51.34
2003 49.96
2004 55.01
2005 51.35
2006 47.40
2007 48.28
2008 45.28
2009 43.41
2010 43.10
2011 41.99
2012 42.80
2013 39.39
2014 38.49
2015 40.46
2016 41.10
2017 42.30
2018 40.15
2019 40.28
2020 40.77

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