Honduras - Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) in Honduras was 33.42 as of 2020. Its highest value over the past 60 years was 37.35 in 2009, while its lowest value was 9.25 in 1960.

Definition: Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 9.25
1961 10.61
1962 13.52
1963 15.83
1964 19.43
1965 22.95
1966 24.97
1967 25.70
1968 27.99
1969 25.88
1970 26.98
1971 11.25
1972 15.19
1973 16.91
1974 14.63
1975 17.25
1976 18.02
1977 17.44
1978 19.56
1979 18.08
1980 15.36
1981 16.93
1982 16.69
1983 19.42
1984 21.06
1985 19.42
1986 16.05
1987 18.15
1988 17.59
1989 18.72
1990 18.51
1991 19.74
1992 20.02
1993 21.80
1994 18.18
1995 25.48
1996 24.52
1997 24.24
1998 19.99
1999 13.81
2000 25.66
2001 24.05
2002 28.37
2003 27.91
2004 26.86
2005 33.03
2006 34.75
2007 32.58
2008 31.28
2009 37.35
2010 32.79
2011 32.50
2012 33.99
2013 34.17
2014 30.43
2015 30.14
2016 32.24
2017 33.09
2018 29.83
2019 28.51
2020 33.42

Development Relevance: The relative importance of intraregional trade is higher for both landlocked countries and small countries with close trade links to the largest regional economy. For most low- and middle-income economies - especially smaller ones - there is a "geographic bias" favoring intraregional trade. Despite the broad trend toward globalization and the reduction of trade barriers, the relative share of intraregional trade increased for most economies between 1999 and 2010. This is due partly to trade-related advantages, such as proximity, lower transport costs, increased knowledge from repeated interaction, and cultural and historical affinity. The direction of trade is also influenced by preferential trade agreements that a country has made with other economies. Though formal agreements on trade liberalization do not automatically increase trade, they nevertheless affect the direction of trade between the participating 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: Imports