Papua New Guinea - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Papua New Guinea was 74.26 as of 2020. Its highest value over the past 56 years was 98.35 in 1966, while its lowest value was 58.77 in 1998.

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
1964 97.93
1965 96.62
1966 98.35
1967 97.31
1968 97.71
1969 96.58
1970 95.94
1971 96.70
1972 97.16
1973 93.99
1974 93.83
1975 97.56
1976 87.68
1977 78.70
1978 91.34
1979 91.80
1980 95.19
1981 94.87
1982 93.27
1983 92.43
1984 93.05
1985 95.98
1986 96.56
1987 94.05
1988 91.44
1989 93.54
1990 93.68
1991 91.71
1992 76.48
1993 75.42
1994 77.02
1995 76.94
1996 71.46
1997 67.02
1998 58.77
1999 63.34
2000 93.04
2001 86.54
2002 89.78
2003 84.12
2004 87.66
2005 86.99
2006 84.39
2007 86.60
2008 84.75
2009 84.33
2010 79.69
2011 83.96
2012 81.65
2013 74.15
2014 78.83
2015 77.17
2016 77.35
2017 74.84
2018 74.12
2019 72.91
2020 74.26

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