Iraq - Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in Iraq was 68.77 as of 2020. Its highest value over the past 60 years was 68.77 in 2020, while its lowest value was 0.64 in 1992.

Definition: Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to 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 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 3.15
1961 1.92
1962 3.72
1963 5.08
1964 10.74
1965 10.74
1966 12.05
1967 12.80
1968 12.14
1969 12.94
1970 13.48
1971 12.08
1981 35.10
1982 45.76
1983 44.31
1984 37.75
1985 31.52
1986 25.00
1987 30.23
1988 30.20
1989 29.34
1990 25.89
1991 3.09
1992 0.64
1993 7.31
1994 0.76
1995 1.41
1996 8.09
1997 13.22
1998 16.27
1999 5.83
2000 7.21
2001 2.06
2002 6.77
2003 4.72
2004 9.28
2005 8.98
2006 21.47
2007 22.48
2008 21.76
2009 27.81
2010 30.47
2011 36.83
2012 34.57
2013 43.11
2014 44.94
2015 45.91
2016 44.60
2017 46.45
2018 50.84
2019 54.50
2020 68.77

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: Exports