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

Merchandise exports to high-income economies (% of total merchandise exports) in Oman was 39.36 as of 2020. Its highest value over the past 50 years was 99.99 in 1975, while its lowest value was 33.60 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
1970 82.29
1971 85.37
1972 99.73
1973 98.61
1974 91.93
1975 99.99
1976 99.98
1977 99.44
1978 99.23
1979 95.52
1980 92.60
1981 94.22
1982 90.93
1983 90.93
1984 90.93
1985 90.93
1986 87.49
1987 87.72
1988 91.20
1989 89.37
1990 85.15
1991 85.17
1992 81.57
1993 77.64
1994 77.09
1995 70.06
1996 64.29
1997 53.45
1998 56.91
1999 61.01
2000 51.81
2001 61.82
2002 62.48
2003 56.22
2004 51.87
2005 55.19
2006 51.32
2007 46.31
2008 47.27
2009 51.98
2010 46.18
2011 42.43
2012 46.40
2013 42.35
2014 39.20
2015 40.00
2016 38.72
2017 37.48
2018 33.60
2019 39.36
2020 39.36

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