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

Merchandise exports to high-income economies (% of total merchandise exports) in Guatemala was 53.31 as of 2020. Its highest value over the past 60 years was 94.51 in 1962, while its lowest value was 46.74 in 2001.

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 92.38
1961 90.20
1962 94.51
1963 86.23
1964 79.26
1965 75.36
1966 71.35
1967 66.80
1968 63.88
1969 62.77
1970 61.26
1971 64.72
1972 64.82
1973 65.16
1974 66.71
1975 66.67
1976 69.23
1977 73.53
1978 69.82
1979 63.32
1980 59.45
1981 51.31
1982 56.66
1983 60.83
1984 64.18
1985 67.72
1986 74.40
1987 67.95
1988 64.52
1989 63.58
1990 59.99
1991 58.06
1992 52.25
1993 56.55
1994 52.11
1995 57.01
1996 58.52
1997 68.01
1998 74.95
1999 76.06
2000 58.78
2001 46.74
2002 65.92
2003 65.11
2004 64.28
2005 61.89
2006 60.00
2007 56.69
2008 55.32
2009 58.47
2010 56.61
2011 60.05
2012 57.76
2013 56.58
2014 56.31
2015 54.21
2016 54.27
2017 54.39
2018 56.34
2019 53.50
2020 53.31

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