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

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in India was 43.44 as of 2020. Its highest value over the past 60 years was 45.54 in 2017, while its lowest value was 8.80 in 1964.

Definition: Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions 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 11.60
1961 9.07
1962 10.75
1963 9.25
1964 8.80
1965 8.94
1966 11.92
1967 9.35
1968 11.72
1969 15.22
1970 17.91
1971 17.89
1972 17.92
1973 18.64
1974 24.13
1975 17.49
1976 19.84
1977 27.36
1978 24.29
1979 22.26
1980 26.18
1981 24.14
1982 18.96
1983 18.69
1984 19.05
1985 18.00
1986 14.48
1987 14.77
1988 14.39
1989 12.25
1990 14.08
1991 14.41
1992 19.32
1993 16.00
1994 20.36
1995 18.89
1996 20.87
1997 21.34
1998 23.65
1999 29.29
2000 19.75
2001 18.59
2002 19.82
2003 19.83
2004 19.69
2005 19.88
2006 33.23
2007 36.38
2008 36.79
2009 38.32
2010 37.09
2011 37.59
2012 38.14
2013 38.31
2014 41.34
2015 43.03
2016 44.24
2017 45.54
2018 44.49
2019 42.28
2020 43.44

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

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