Libya - 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 Libya was 36.95 as of 2020. Its highest value over the past 60 years was 37.02 in 2019, while its lowest value was 2.04 in 1962.

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 3.27
1961 4.09
1962 2.04
1963 3.35
1964 2.77
1965 4.19
1966 4.15
1967 5.71
1968 5.03
1969 6.29
1970 6.49
1971 7.42
1972 6.84
1973 5.11
1974 6.81
1975 5.64
1976 6.05
1977 5.18
1978 5.95
1979 4.38
1980 4.05
1981 4.58
1982 7.39
1983 5.75
1984 5.68
1985 4.52
1986 5.22
1987 4.97
1988 7.35
1989 7.43
1990 10.45
1991 12.11
1992 10.71
1993 10.15
1994 9.87
1995 10.39
1996 11.02
1997 10.18
1998 8.71
1999 9.32
2000 7.31
2001 6.37
2002 7.25
2003 9.54
2004 18.68
2005 21.31
2006 24.04
2007 24.05
2008 26.14
2009 31.41
2010 25.55
2011 27.60
2012 29.68
2013 29.87
2014 30.64
2015 33.50
2016 29.39
2017 30.67
2018 31.08
2019 37.02
2020 36.95

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