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

Merchandise exports to high-income economies (% of total merchandise exports) in Iraq was 30.52 as of 2020. Its highest value over the past 60 years was 90.21 in 2005, while its lowest value was 0.25 in 1994.

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 86.12
1961 85.17
1962 84.70
1963 82.32
1964 78.90
1965 79.37
1966 78.49
1967 76.17
1968 76.28
1969 75.95
1970 74.97
1971 76.47
1981 52.12
1982 45.98
1983 41.26
1984 43.12
1985 55.82
1986 59.34
1987 56.50
1988 56.16
1989 58.48
1990 64.34
1991 41.25
1992 32.21
1993 7.15
1994 0.25
1995 1.77
1996 0.45
1997 66.55
1998 77.80
1999 90.09
2000 85.01
2001 86.70
2002 81.01
2003 86.82
2004 87.43
2005 90.21
2006 78.29
2007 74.91
2008 74.47
2009 69.21
2010 67.37
2011 61.18
2012 63.16
2013 54.58
2014 53.21
2015 52.04
2016 54.43
2017 52.14
2018 48.15
2019 45.24
2020 30.52

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