Portugal - 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 Portugal was 11.62 as of 2020. Its highest value over the past 60 years was 33.87 in 1960, while its lowest value was 5.36 in 1999.

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
1960 33.87
1961 32.63
1962 30.46
1963 31.44
1964 32.01
1965 31.06
1966 29.40
1967 30.71
1968 30.68
1969 29.77
1970 29.30
1971 25.99
1972 18.89
1973 18.11
1974 17.11
1975 15.55
1976 11.97
1977 12.86
1978 11.99
1979 12.51
1980 13.70
1981 15.59
1982 12.34
1983 12.05
1984 11.44
1985 10.55
1986 7.49
1987 5.98
1988 5.57
1989 5.84
1990 5.97
1991 6.27
1992 8.28
1993 7.27
1994 6.75
1995 6.55
1996 7.21
1997 5.76
1998 6.61
1999 5.36
2000 6.17
2001 6.89
2002 7.11
2003 7.30
2004 8.21
2005 8.35
2006 9.45
2007 11.33
2008 14.11
2009 15.51
2010 14.81
2011 15.81
2012 17.87
2013 18.86
2014 18.28
2015 15.72
2016 13.88
2017 14.63
2018 12.86
2019 11.86
2020 11.62

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