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

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in Romania was 23.64 as of 2020. Its highest value over the past 60 years was 39.83 in 1985, while its lowest value was 7.34 in 1964.

Definition: Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 imports 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 8.78
1961 9.15
1962 8.44
1963 9.14
1964 7.34
1965 9.11
1966 8.84
1967 8.03
1968 9.36
1969 10.10
1970 11.17
1971 12.85
1972 13.00
1973 13.48
1974 17.16
1975 17.31
1976 22.27
1977 20.60
1978 23.21
1979 29.60
1980 34.44
1981 29.71
1982 38.04
1983 36.81
1984 39.25
1985 39.83
1986 25.50
1987 28.79
1988 29.47
1989 27.21
1990 23.26
1991 22.01
1992 21.61
1993 34.81
1994 33.92
1995 29.89
1996 28.16
1997 24.32
1998 20.28
1999 17.57
2000 21.16
2001 21.27
2002 22.36
2003 23.63
2004 25.19
2005 27.90
2006 27.98
2007 24.41
2008 26.90
2009 24.04
2010 25.48
2011 25.54
2012 24.38
2013 22.68
2014 23.33
2015 21.83
2016 22.25
2017 23.10
2018 24.64
2019 24.96
2020 23.64

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: Imports