Brunei - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Brunei was 56.74 as of 2020. Its highest value over the past 60 years was 100.00 in 1965, while its lowest value was 1.36 in 1968.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies 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 93.94
1961 100.00
1962 100.00
1963 100.00
1964 100.00
1965 100.00
1967 1.53
1968 1.36
1969 2.20
1971 2.12
1972 75.66
1973 87.68
1974 86.87
1975 86.52
1976 83.33
1977 91.86
1978 90.42
1979 91.98
1980 88.90
1981 88.69
1982 95.01
1983 93.08
1984 91.09
1985 80.84
1986 89.73
1987 83.88
1988 87.53
1989 82.11
1990 82.54
1991 84.06
1992 85.37
1993 86.17
1994 84.19
1995 86.90
1996 87.14
1997 85.61
1998 97.90
1999 79.98
2000 80.07
2001 80.71
2002 75.29
2003 75.58
2004 71.91
2005 70.83
2006 70.42
2007 68.66
2008 73.94
2009 72.84
2010 78.22
2011 75.36
2012 75.51
2013 72.24
2014 73.45
2015 73.36
2016 67.85
2017 60.92
2018 68.96
2019 64.65
2020 56.74

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. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to 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: Exports