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

Merchandise exports to high-income economies (% of total merchandise exports) in Nicaragua was 67.81 as of 2020. Its highest value over the past 60 years was 92.81 in 1962, while its lowest value was 44.03 in 1986.

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 89.31
1961 91.95
1962 92.81
1963 90.62
1964 90.92
1965 87.38
1966 85.44
1967 85.42
1968 80.83
1969 76.59
1970 70.18
1971 70.96
1972 72.36
1973 73.08
1974 62.17
1975 69.37
1976 70.60
1977 64.33
1978 67.35
1979 68.28
1980 74.62
1981 66.13
1982 66.28
1983 62.25
1984 76.57
1985 66.28
1986 44.03
1987 44.70
1988 64.53
1989 51.24
1990 56.30
1991 58.04
1992 58.26
1993 67.78
1994 63.96
1995 70.88
1996 65.14
1997 68.15
1998 69.00
1999 63.21
2000 64.57
2001 54.64
2002 56.35
2003 52.28
2004 58.57
2005 55.32
2006 57.07
2007 55.20
2008 56.16
2009 52.09
2010 56.13
2011 59.73
2012 58.37
2013 56.46
2014 63.91
2015 65.63
2016 60.38
2017 61.96
2018 61.29
2019 65.38
2020 67.81

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