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

Merchandise exports to high-income economies (% of total merchandise exports) in Romania was 80.98 as of 2020. Its highest value over the past 60 years was 84.37 in 2002, while its lowest value was 29.89 in 1961.

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 29.96
1961 29.89
1962 32.25
1963 31.43
1964 30.87
1965 32.32
1966 36.14
1967 38.20
1968 36.94
1969 36.37
1970 39.85
1971 41.56
1972 40.50
1973 43.86
1974 47.87
1975 41.53
1976 41.70
1977 37.46
1978 41.07
1979 43.17
1980 41.12
1981 37.73
1982 37.97
1983 41.47
1984 42.84
1985 40.01
1986 39.53
1987 46.41
1988 44.47
1989 46.26
1990 48.22
1991 49.55
1992 48.59
1993 54.61
1994 64.33
1995 65.80
1996 66.88
1997 71.21
1998 79.88
1999 79.91
2000 77.77
2001 82.04
2002 84.37
2003 83.36
2004 81.03
2005 77.03
2006 75.91
2007 76.83
2008 73.80
2009 77.44
2010 75.24
2011 74.88
2012 73.93
2013 73.67
2014 74.89
2015 77.73
2016 78.12
2017 78.51
2018 80.25
2019 79.66
2020 80.98

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