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

Merchandise exports to high-income economies (% of total merchandise exports) in Gabon was 45.05 as of 2020. Its highest value over the past 60 years was 94.70 in 1992, while its lowest value was 39.14 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 89.75
1961 89.31
1962 89.93
1963 89.92
1964 92.29
1965 90.57
1966 90.17
1967 85.15
1968 67.59
1969 72.59
1970 70.06
1971 72.84
1972 71.68
1973 79.92
1974 88.93
1975 87.77
1976 93.86
1977 64.60
1978 61.28
1979 83.70
1980 80.18
1981 78.87
1982 79.42
1983 87.83
1984 90.81
1985 92.29
1986 89.96
1987 92.67
1988 84.09
1989 88.64
1990 91.97
1991 93.89
1992 94.70
1993 92.78
1994 87.81
1995 85.49
1996 82.24
1997 79.39
1998 77.75
1999 80.23
2000 87.28
2001 86.39
2002 81.48
2003 88.16
2004 84.06
2005 86.09
2006 79.19
2007 79.04
2008 73.81
2009 81.50
2010 82.39
2011 88.50
2012 87.82
2013 82.67
2014 75.04
2015 77.76
2016 67.89
2017 54.87
2018 53.52
2019 39.14
2020 45.05

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