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

Merchandise exports to high-income economies (% of total merchandise exports) in Portugal was 87.25 as of 2020. Its highest value over the past 60 years was 93.92 in 1999, while its lowest value was 57.84 in 1960.

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
1960 57.84
1961 60.40
1962 63.77
1963 62.95
1964 63.33
1965 64.72
1966 66.40
1967 65.36
1968 66.21
1969 67.20
1970 66.90
1971 70.61
1972 76.88
1973 77.71
1974 77.81
1975 77.73
1976 78.86
1977 78.87
1978 80.34
1979 81.41
1980 79.39
1981 77.32
1982 80.56
1983 81.04
1984 82.16
1985 83.12
1986 87.21
1987 89.45
1988 88.84
1989 88.84
1990 89.38
1991 87.19
1992 86.51
1993 88.31
1994 88.07
1995 89.64
1996 87.85
1997 87.08
1998 87.81
1999 93.92
2000 93.03
2001 92.33
2002 92.11
2003 92.06
2004 90.84
2005 90.52
2006 89.40
2007 87.22
2008 83.79
2009 81.96
2010 82.36
2011 81.16
2012 78.59
2013 78.14
2014 79.02
2015 82.13
2016 84.50
2017 83.63
2018 84.97
2019 85.94
2020 87.25

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