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

Merchandise exports to high-income economies (% of total merchandise exports) in Low income was 47.46 as of 2020. Its highest value over the past 60 years was 71.36 in 1976, while its lowest value was 39.56 in 2018.

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 65.51
1961 67.48
1962 64.73
1963 62.34
1964 61.23
1965 59.47
1966 62.15
1967 62.92
1968 57.31
1969 59.41
1970 59.88
1971 67.75
1972 60.36
1973 59.74
1974 60.56
1975 59.78
1976 71.36
1977 70.85
1978 64.74
1979 62.81
1980 61.82
1981 66.09
1982 70.20
1983 67.37
1984 68.09
1985 68.17
1986 63.81
1987 63.79
1988 62.98
1989 58.51
1990 64.49
1991 62.21
1992 66.56
1993 61.83
1994 63.08
1995 59.51
1996 46.96
1997 53.17
1998 70.38
1999 66.92
2000 59.14
2001 61.89
2002 62.72
2003 58.99
2004 51.17
2005 46.04
2006 53.26
2007 56.32
2008 50.30
2009 47.35
2010 52.13
2011 51.65
2012 44.73
2013 43.02
2014 41.81
2015 42.59
2016 41.25
2017 44.44
2018 39.56
2019 47.07
2020 47.46

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