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

Merchandise exports to high-income economies (% of total merchandise exports) in Colombia was 59.99 as of 2020. Its highest value over the past 60 years was 95.66 in 1961, while its lowest value was 59.59 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
1960 95.04
1961 95.66
1962 94.45
1963 94.72
1964 93.33
1965 91.30
1966 88.73
1967 89.78
1968 85.94
1969 82.89
1970 80.91
1971 82.24
1972 83.43
1973 84.47
1974 80.33
1975 78.70
1976 79.60
1977 79.60
1978 81.20
1979 78.84
1980 80.79
1981 75.54
1982 77.35
1983 80.73
1984 81.65
1985 81.82
1986 85.24
1987 81.84
1988 83.67
1989 87.04
1990 86.05
1991 78.68
1992 74.33
1993 73.33
1994 74.70
1995 69.90
1996 71.39
1997 72.19
1998 70.82
1999 75.71
2000 73.81
2001 68.29
2002 70.12
2003 72.55
2004 66.77
2005 67.07
2006 67.76
2007 61.90
2008 64.33
2009 66.35
2010 70.42
2011 74.68
2012 70.45
2013 64.42
2014 61.55
2015 65.32
2016 64.43
2017 64.03
2018 61.60
2019 59.59
2020 59.99

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