Saudi Arabia - 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 Saudi Arabia was 41.97 as of 2020. Its highest value over the past 56 years was 41.97 in 2020, while its lowest value was 7.13 in 1982.

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
1964 25.81
1965 26.89
1966 23.53
1967 24.05
1968 30.75
1969 26.42
1970 28.02
1971 28.04
1972 25.25
1973 23.15
1974 28.15
1975 22.24
1976 16.37
1977 12.17
1978 8.88
1979 8.86
1980 8.72
1981 8.11
1982 7.13
1983 7.30
1984 8.19
1985 9.52
1986 10.58
1987 11.44
1988 12.89
1989 12.71
1990 12.64
1991 12.99
1992 12.57
1993 16.43
1994 15.85
1995 18.58
1996 19.47
1997 18.55
1998 19.86
1999 20.49
2000 20.27
2001 20.66
2002 22.13
2003 22.69
2004 24.51
2005 26.84
2006 28.17
2007 28.48
2008 31.78
2009 31.01
2010 33.43
2011 34.31
2012 34.20
2013 34.26
2014 35.48
2015 35.33
2016 36.16
2017 37.65
2018 37.14
2019 40.68
2020 41.97

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