Brunei - 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 Brunei was 43.23 as of 2020. Its highest value over the past 60 years was 98.64 in 1968, while its lowest value was 1.72 in 1998.

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 3.03
1967 98.46
1968 98.64
1969 97.80
1971 97.87
1972 24.34
1973 12.32
1974 13.13
1975 12.55
1976 13.88
1977 7.22
1978 7.77
1979 8.02
1980 11.09
1981 9.24
1982 4.99
1983 6.92
1984 8.91
1985 12.11
1986 10.27
1987 16.12
1988 12.47
1989 14.49
1990 14.06
1991 13.27
1992 14.28
1993 13.77
1994 15.58
1995 12.98
1996 12.69
1997 14.22
1998 1.72
1999 19.80
2000 19.93
2001 19.28
2002 24.71
2003 24.41
2004 28.09
2005 29.17
2006 29.58
2007 31.34
2008 26.06
2009 27.16
2010 21.78
2011 24.64
2012 24.49
2013 27.76
2014 26.55
2015 26.64
2016 32.10
2017 39.05
2018 30.76
2019 35.32
2020 43.23

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