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

Merchandise exports to high-income economies (% of total merchandise exports) in Libya was 73.11 as of 2020. Its highest value over the past 60 years was 96.21 in 1971, while its lowest value was 73.11 in 2020.

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 78.57
1961 87.21
1962 89.23
1963 94.07
1964 92.55
1965 94.40
1966 94.33
1967 92.49
1968 95.94
1969 95.38
1970 95.41
1971 96.21
1972 95.75
1973 91.80
1974 89.70
1975 91.20
1976 93.07
1977 93.87
1978 94.83
1979 94.22
1980 91.07
1981 87.64
1982 87.64
1983 87.64
1984 87.64
1985 87.64
1986 84.72
1987 85.34
1988 86.88
1989 89.79
1990 84.47
1991 86.70
1992 84.52
1993 89.63
1994 87.24
1995 87.15
1996 86.58
1997 86.94
1998 83.26
1999 87.42
2000 81.19
2001 78.01
2002 77.63
2003 80.00
2004 79.67
2005 82.58
2006 83.58
2007 85.65
2008 87.30
2009 78.91
2010 87.63
2011 85.30
2012 84.69
2013 89.39
2014 91.03
2015 82.70
2016 86.73
2017 86.72
2018 76.42
2019 75.79
2020 73.11

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