Iceland - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Iceland was 80.36 as of 2020. Its highest value over the past 60 years was 95.61 in 1998, while its lowest value was 73.72 in 1961.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed 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.

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

See also:

Year Value
1960 74.37
1961 73.72
1962 78.31
1963 81.67
1964 83.78
1965 82.67
1966 86.75
1967 85.33
1968 84.62
1969 82.37
1970 82.98
1971 83.86
1972 85.69
1973 87.87
1974 85.50
1975 83.90
1976 81.82
1977 84.40
1978 84.89
1979 81.95
1980 85.02
1981 85.98
1982 84.41
1983 85.06
1984 85.82
1985 86.87
1986 89.53
1987 90.92
1988 91.12
1989 89.45
1990 91.18
1991 92.20
1992 93.96
1993 92.00
1994 91.61
1995 91.58
1996 91.91
1997 93.65
1998 95.61
1999 93.43
2000 93.24
2001 90.92
2002 88.36
2003 88.65
2004 90.63
2005 89.88
2006 89.99
2007 90.01
2008 87.56
2009 84.05
2010 77.34
2011 80.77
2012 78.72
2013 79.13
2014 80.65
2015 77.67
2016 84.96
2017 82.57
2018 82.55
2019 82.69
2020 80.36

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.

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