Colombia - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Colombia was 49.03 as of 2020. Its highest value over the past 60 years was 94.02 in 1960, while its lowest value was 49.03 in 2020.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed 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.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 94.02
1961 93.45
1962 93.51
1963 92.69
1964 90.04
1965 88.87
1966 89.26
1967 89.47
1968 90.02
1969 87.53
1970 89.17
1971 89.09
1972 88.86
1973 87.62
1974 87.65
1975 88.60
1976 87.36
1977 79.44
1978 80.46
1979 79.85
1980 81.42
1981 77.28
1982 75.90
1983 75.78
1984 76.05
1985 76.73
1986 79.22
1987 82.62
1988 80.42
1989 78.73
1990 78.98
1991 76.89
1992 76.52
1993 73.91
1994 73.35
1995 76.77
1996 73.84
1997 71.50
1998 70.83
1999 71.33
2000 64.96
2001 69.98
2002 64.76
2003 61.59
2004 60.31
2005 56.68
2006 54.64
2007 53.58
2008 56.57
2009 57.60
2010 53.58
2011 51.58
2012 50.05
2013 53.05
2014 54.18
2015 55.21
2016 51.92
2017 52.14
2018 51.09
2019 50.84
2020 49.03

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.

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