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

Merchandise imports from high-income economies (% of total merchandise imports) in India was 55.06 as of 2020. Its highest value over the past 60 years was 82.65 in 1961, while its lowest value was 49.86 in 2005.

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 81.16
1961 82.65
1962 76.45
1963 79.35
1964 78.79
1965 77.58
1966 75.88
1967 79.37
1968 74.62
1969 64.44
1970 67.89
1971 71.67
1972 68.78
1973 69.14
1974 59.19
1975 70.56
1976 70.42
1977 60.66
1978 62.16
1979 62.43
1980 59.62
1981 59.18
1982 66.68
1983 64.20
1984 63.73
1985 65.60
1986 73.44
1987 69.83
1988 70.53
1989 71.88
1990 70.08
1991 63.91
1992 71.36
1993 74.20
1994 74.24
1995 70.09
1996 73.70
1997 77.80
1998 75.14
1999 69.66
2000 55.88
2001 52.34
2002 50.58
2003 52.19
2004 51.52
2005 49.86
2006 58.97
2007 61.87
2008 60.70
2009 59.90
2010 60.35
2011 59.81
2012 58.57
2013 57.54
2014 53.69
2015 52.25
2016 51.30
2017 50.78
2018 52.76
2019 55.73
2020 55.06

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