Paraguay - Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) in Paraguay was 35.50 as of 2020. Its highest value over the past 60 years was 58.29 in 2003, while its lowest value was 15.11 in 1962.

Definition: Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 23.95
1961 24.64
1962 15.11
1963 24.77
1964 28.86
1965 23.72
1966 23.59
1967 23.49
1968 23.25
1969 19.86
1970 22.44
1971 24.97
1972 31.50
1973 42.19
1974 50.68
1975 40.59
1976 40.43
1977 39.35
1978 35.74
1979 40.91
1980 47.77
1981 46.10
1982 46.41
1983 47.60
1984 48.62
1985 52.60
1986 44.92
1987 41.49
1988 42.44
1989 36.98
1990 30.13
1991 30.44
1992 37.55
1993 37.51
1994 41.18
1995 41.57
1996 53.17
1997 50.28
1998 48.72
1999 49.95
2000 44.24
2001 53.68
2002 53.26
2003 58.29
2004 58.23
2005 48.98
2006 38.18
2007 44.74
2008 43.09
2009 40.90
2010 41.13
2011 42.85
2012 42.38
2013 42.96
2014 45.32
2015 42.40
2016 40.99
2017 38.82
2018 36.63
2019 32.11
2020 35.50

Development Relevance: The relative importance of intraregional trade is higher for both landlocked countries and small countries with close trade links to the largest regional economy. For most low- and middle-income economies - especially smaller ones - there is a "geographic bias" favoring intraregional trade. Despite the broad trend toward globalization and the reduction of trade barriers, the relative share of intraregional trade increased for most economies between 1999 and 2010. This is due partly to trade-related advantages, such as proximity, lower transport costs, increased knowledge from repeated interaction, and cultural and historical affinity. The direction of trade is also influenced by preferential trade agreements that a country has made with other economies. Though formal agreements on trade liberalization do not automatically increase trade, they nevertheless affect the direction of trade between the participating 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: Imports