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

Merchandise exports to high-income economies (% of total merchandise exports) in India was 60.09 as of 2020. Its highest value over the past 60 years was 87.16 in 1989, while its lowest value was 56.04 in 1981.

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 71.14
1961 70.84
1962 69.42
1963 71.09
1964 67.04
1965 64.01
1966 64.73
1967 67.41
1968 66.45
1969 62.25
1970 59.50
1971 60.22
1972 60.12
1973 63.67
1974 60.90
1975 56.97
1976 65.94
1977 64.24
1978 65.35
1979 67.22
1980 61.37
1981 56.04
1982 59.67
1983 65.23
1984 65.71
1985 64.88
1986 68.70
1987 73.10
1988 71.41
1989 87.16
1990 64.84
1991 70.87
1992 72.64
1993 73.53
1994 75.56
1995 70.55
1996 72.44
1997 75.89
1998 77.74
1999 79.05
2000 74.71
2001 70.15
2002 71.01
2003 70.31
2004 69.47
2005 69.51
2006 68.11
2007 65.69
2008 66.41
2009 66.04
2010 64.07
2011 63.52
2012 64.50
2013 61.13
2014 61.16
2015 63.94
2016 65.33
2017 63.97
2018 62.06
2019 61.60
2020 60.09

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