Burkina Faso - 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 Burkina Faso was 25.14 as of 2020. Its highest value over the past 58 years was 52.33 in 2014, while its lowest value was 15.12 in 1978.

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
1962 23.63
1963 34.15
1966 35.83
1967 36.13
1968 35.28
1969 26.96
1970 24.64
1971 24.75
1972 28.49
1973 25.55
1974 18.97
1975 22.66
1976 19.50
1977 16.70
1978 15.12
1979 21.81
1980 23.02
1981 26.12
1982 27.32
1983 28.29
1984 28.10
1985 28.41
1986 27.71
1987 23.95
1988 22.83
1989 21.57
1990 26.60
1991 28.12
1992 27.37
1993 29.62
1994 26.71
1995 27.41
1996 25.85
1997 25.11
1998 26.54
1999 39.45
2000 32.20
2001 31.94
2002 32.16
2003 48.10
2004 48.03
2005 32.77
2006 33.27
2007 30.29
2008 29.51
2009 30.19
2010 31.22
2011 28.69
2012 26.46
2013 26.23
2014 52.33
2015 22.29
2016 24.23
2017 24.43
2018 23.91
2019 27.04
2020 25.14

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