Panama - 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 Panama was 47.90 as of 2020. Its highest value over the past 59 years was 47.90 in 2020, while its lowest value was 0.47 in 1961.

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
1961 0.47
1962 11.53
1963 4.18
1964 4.81
1965 2.07
1966 3.84
1967 2.45
1968 3.33
1969 5.50
1970 4.31
1971 11.04
1972 6.48
1973 8.68
1974 10.57
1975 10.47
1976 13.06
1977 18.15
1978 20.85
1979 18.54
1980 17.05
1981 15.89
1982 12.17
1983 12.09
1984 13.39
1985 11.32
1986 10.87
1987 11.44
1988 17.53
1989 20.14
1990 18.26
1991 20.75
1992 16.25
1993 19.46
1994 19.48
1995 27.25
1996 30.20
1997 21.41
1998 22.61
1999 23.39
2000 23.36
2001 23.72
2002 22.99
2003 19.77
2004 20.69
2005 21.29
2006 20.64
2007 21.03
2008 20.69
2009 22.83
2010 26.71
2011 28.22
2012 28.29
2013 32.24
2014 37.59
2015 38.16
2016 35.02
2017 38.54
2018 38.71
2019 36.80
2020 47.90

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