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

Merchandise imports from high-income economies (% of total merchandise imports) in Iraq was 23.86 as of 2020. Its highest value over the past 60 years was 86.65 in 1981, while its lowest value was 14.91 in 1996.

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 69.72
1961 68.76
1962 64.59
1963 59.56
1964 62.10
1965 60.65
1966 65.51
1967 65.97
1968 56.48
1969 56.27
1970 53.37
1971 54.51
1972 52.59
1973 51.81
1974 62.29
1975 76.66
1976 79.71
1977 77.36
1978 78.09
1981 86.65
1982 85.84
1983 81.67
1984 72.94
1985 70.47
1986 73.84
1987 63.86
1988 71.67
1989 76.90
1990 78.92
1991 26.92
1992 36.25
1993 30.02
1994 20.67
1995 27.02
1996 14.91
1997 45.57
1998 54.79
1999 50.14
2000 55.01
2001 52.14
2002 49.97
2003 43.63
2004 37.98
2005 46.23
2006 43.45
2007 38.02
2008 26.12
2009 27.11
2010 26.78
2011 37.85
2012 36.01
2013 35.77
2014 33.86
2015 31.12
2016 30.13
2017 27.21
2018 30.48
2019 28.59
2020 23.86

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