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

Merchandise exports to high-income economies (% of total merchandise exports) in Lao PDR was 13.66 as of 2020. Its highest value over the past 60 years was 83.05 in 1963, while its lowest value was 0.54 in 1960.

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 0.54
1962 61.10
1963 83.05
1964 61.22
1965 25.00
1967 4.69
1968 8.58
1969 1.25
1970 34.46
1971 2.48
1972 6.12
1973 4.82
1974 15.57
1981 36.42
1982 20.84
1983 27.65
1984 31.47
1985 31.84
1986 15.58
1987 27.60
1988 28.65
1989 12.85
1990 19.40
1991 36.26
1992 52.93
1993 25.32
1994 15.15
1995 15.75
1996 9.42
1997 51.04
1998 39.49
1999 32.13
2000 45.98
2001 48.78
2002 48.47
2003 48.08
2004 50.27
2005 38.12
2006 27.45
2007 28.55
2008 24.82
2009 22.21
2010 18.45
2011 16.95
2012 18.11
2013 15.77
2014 11.39
2015 12.48
2016 13.54
2017 13.28
2018 13.22
2019 13.84
2020 13.66

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