Equatorial Guinea - Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in Equatorial Guinea was 47.64 as of 2020. Its highest value over the past 38 years was 58.47 in 2019, while its lowest value was 0.62 in 1993.

Definition: Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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
1982 11.63
1983 6.65
1984 7.72
1986 1.55
1987 1.07
1988 0.88
1989 1.31
1990 1.63
1991 0.76
1992 0.95
1993 0.62
1994 1.48
1995 9.52
1996 8.65
1997 20.23
1998 15.67
1999 24.38
2000 24.48
2001 22.60
2002 18.51
2003 14.44
2004 23.16
2005 26.23
2006 31.54
2007 22.38
2008 17.70
2009 16.82
2010 14.85
2011 17.08
2012 15.84
2013 27.38
2014 38.85
2015 33.64
2016 39.43
2017 45.61
2018 47.83
2019 58.47
2020 47.64

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

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