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

Merchandise exports to high-income economies (% of total merchandise exports) in China was 68.87 as of 2020. Its highest value over the past 59 years was 88.64 in 1994, while its lowest value was 67.88 in 2019.

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
1961 82.27
1978 72.39
1979 74.58
1980 76.17
1981 77.24
1982 74.80
1983 75.72
1984 77.41
1985 79.38
1986 79.54
1987 79.66
1988 81.70
1989 83.98
1990 84.94
1991 88.06
1992 86.89
1993 86.29
1994 88.64
1995 87.22
1996 87.92
1997 88.04
1998 88.00
1999 88.21
2000 87.10
2001 86.45
2002 85.86
2003 85.25
2004 84.49
2005 83.61
2006 82.07
2007 79.36
2008 77.07
2009 76.85
2010 75.47
2011 74.11
2012 73.26
2013 72.26
2014 71.02
2015 71.29
2016 70.72
2017 70.09
2018 69.81
2019 67.88
2020 68.87

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