Greece - 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 Greece was 29.57 as of 2020. Its highest value over the past 60 years was 39.84 in 2012, while its lowest value was 5.03 in 1961.

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
1960 5.96
1961 5.03
1962 6.16
1963 5.82
1964 6.12
1965 7.84
1966 13.37
1967 8.33
1968 8.55
1969 8.28
1970 8.20
1971 8.59
1972 9.12
1973 11.15
1974 14.75
1975 19.43
1976 17.34
1977 18.03
1978 16.66
1979 19.72
1980 21.06
1981 24.45
1982 19.19
1983 17.02
1984 15.72
1985 15.21
1986 10.85
1987 8.38
1988 9.29
1989 8.55
1990 8.71
1991 8.95
1992 10.33
1993 17.80
1994 22.45
1995 19.34
1996 23.36
1997 23.95
1998 22.40
1999 23.37
2000 25.61
2001 25.30
2002 25.31
2003 23.94
2004 24.54
2005 26.94
2006 27.90
2007 27.09
2008 29.54
2009 31.56
2010 33.75
2011 32.09
2012 39.84
2013 39.19
2014 38.56
2015 33.64
2016 33.85
2017 34.10
2018 36.29
2019 34.09
2020 29.57

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