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

Merchandise exports to high-income economies (% of total merchandise exports) in Guinea was 49.72 as of 2020. Its highest value over the past 60 years was 100.00 in 1960, while its lowest value was 43.64 in 2018.

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 100.00
1970 94.38
1981 84.68
1982 90.56
1983 86.32
1984 86.73
1985 87.68
1986 87.94
1987 84.39
1988 82.74
1989 78.31
1990 74.90
1991 75.83
1992 70.20
1993 76.91
1994 58.18
1995 77.16
1996 83.92
1997 91.91
1998 90.87
1999 89.95
2000 81.41
2001 84.50
2002 75.13
2003 76.68
2004 64.56
2005 71.90
2006 63.61
2007 72.61
2008 69.67
2009 79.98
2010 75.11
2011 79.41
2012 80.87
2013 78.76
2014 53.86
2015 45.17
2016 59.71
2017 49.16
2018 43.64
2019 55.16
2020 49.72

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