Iraq - 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 Iraq was 72.26 as of 2020. Its highest value over the past 60 years was 72.26 in 2020, while its lowest value was 7.38 in 1981.

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 14.21
1961 13.97
1962 15.67
1963 18.41
1964 19.06
1965 15.22
1966 17.88
1967 15.57
1968 20.58
1969 18.91
1970 19.23
1971 17.39
1972 20.58
1973 22.86
1974 23.24
1975 13.86
1976 10.81
1977 11.59
1978 9.57
1981 7.38
1982 7.57
1983 10.67
1984 17.87
1985 19.78
1986 14.83
1987 21.90
1988 18.28
1989 12.88
1990 11.33
1991 36.59
1992 48.72
1993 42.15
1994 43.79
1995 27.02
1996 57.24
1997 28.67
1998 31.30
1999 37.08
2000 35.59
2001 32.18
2002 34.59
2003 32.72
2004 30.37
2005 40.72
2006 41.19
2007 33.95
2008 27.86
2009 30.74
2010 38.44
2011 50.19
2012 56.05
2013 57.24
2014 59.91
2015 64.41
2016 67.35
2017 70.14
2018 66.76
2019 67.81
2020 72.26

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