Oman - Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in Oman was 55.26 as of 2020. Its highest value over the past 50 years was 60.07 in 2018, while its lowest value was 0.01 in 1975.

Definition: Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to 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 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 17.71
1971 14.63
1972 0.27
1973 1.39
1974 4.86
1975 0.01
1976 0.02
1977 0.02
1978 0.02
1979 1.22
1980 0.04
1982 1.28
1983 1.28
1984 1.28
1985 1.28
1986 10.77
1987 11.26
1988 8.34
1989 8.98
1990 14.67
1991 14.77
1992 18.42
1993 22.34
1994 22.90
1995 29.92
1996 35.69
1997 46.55
1998 43.09
1999 38.98
2000 48.19
2001 38.13
2002 37.49
2003 43.74
2004 46.89
2005 43.56
2006 48.08
2007 48.76
2008 45.77
2009 42.19
2010 50.13
2011 53.72
2012 50.82
2013 55.63
2014 59.28
2015 58.58
2016 59.46
2017 59.54
2018 60.07
2019 55.26
2020 55.26

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: Exports