El Salvador - Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in El Salvador was 50.28 as of 2020. Its highest value over the past 60 years was 57.25 in 1999, while its lowest value was 10.63 in 1960.

Definition: Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. 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
1960 10.63
1961 12.58
1962 13.72
1963 19.68
1964 20.66
1965 24.04
1966 30.87
1967 38.39
1968 40.69
1969 37.35
1970 31.39
1971 33.28
1972 31.20
1973 31.92
1974 32.04
1975 28.99
1976 27.09
1977 22.50
1978 27.91
1979 22.08
1980 27.86
1981 26.28
1982 25.22
1983 23.09
1984 22.45
1985 14.95
1986 12.54
1987 21.16
1988 23.85
1989 34.14
1990 32.49
1991 36.77
1992 46.41
1993 45.91
1994 30.32
1995 44.67
1996 47.53
1997 45.66
1998 53.15
1999 57.25
2000 26.44
2001 27.29
2002 26.98
2003 26.38
2004 27.37
2005 37.58
2006 36.18
2007 38.06
2008 39.24
2009 40.80
2010 40.57
2011 40.65
2012 42.20
2013 41.91
2014 42.83
2015 42.74
2016 43.13
2017 43.74
2018 46.86
2019 48.97
2020 50.28

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: Exports