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

Merchandise exports to high-income economies (% of total merchandise exports) in Ecuador was 62.70 as of 2020. Its highest value over the past 60 years was 92.12 in 1962, while its lowest value was 59.88 in 1982.

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 87.67
1961 89.33
1962 92.12
1963 92.06
1964 88.59
1965 86.04
1966 83.05
1967 81.04
1968 78.72
1969 80.73
1970 76.99
1971 75.43
1972 85.02
1973 76.78
1974 84.92
1975 76.22
1976 70.54
1977 78.27
1978 81.81
1979 63.47
1980 63.09
1981 63.37
1982 59.88
1983 77.22
1984 79.11
1985 75.63
1986 79.37
1987 76.37
1988 64.57
1989 77.68
1990 71.68
1991 75.77
1992 75.08
1993 80.32
1994 78.87
1995 80.10
1996 76.96
1997 73.88
1998 75.98
1999 80.44
2000 72.70
2001 71.25
2002 71.67
2003 70.19
2004 75.86
2005 75.11
2006 74.44
2007 67.06
2008 71.12
2009 71.66
2010 69.17
2011 70.21
2012 71.88
2013 73.57
2014 73.67
2015 68.21
2016 64.61
2017 63.94
2018 62.36
2019 63.51
2020 62.70

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