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

Merchandise imports from high-income economies (% of total merchandise imports) in Kuwait was 62.22 as of 2020. Its highest value over the past 57 years was 87.05 in 1993, while its lowest value was 56.03 in 2018.

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
1963 72.92
1964 73.55
1966 77.30
1967 78.29
1968 73.57
1969 74.83
1970 74.96
1971 74.83
1972 74.97
1973 74.70
1974 76.75
1975 83.61
1976 83.89
1977 83.36
1978 83.55
1979 83.24
1980 85.83
1981 85.96
1982 87.01
1983 85.98
1984 85.07
1985 81.16
1986 79.94
1987 77.76
1988 75.73
1989 75.47
1990 66.76
1991 81.65
1992 71.07
1993 87.05
1994 80.23
1995 81.74
1996 79.22
1997 81.48
1998 80.55
1999 79.37
2000 76.77
2001 76.15
2002 75.20
2003 75.14
2004 69.75
2005 69.86
2006 70.42
2007 69.51
2008 65.97
2009 67.13
2010 67.28
2011 65.69
2012 67.05
2013 67.59
2014 66.48
2015 63.53
2016 65.24
2017 64.79
2018 56.03
2019 62.09
2020 62.22

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