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

Merchandise exports to high-income economies (% of total merchandise exports) in Saudi Arabia was 51.65 as of 2020. Its highest value over the past 56 years was 85.87 in 1979, while its lowest value was 51.65 in 2020.

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
1964 80.98
1965 81.67
1966 80.77
1967 84.54
1968 77.76
1969 81.96
1970 78.20
1971 80.73
1972 83.97
1973 81.79
1974 81.36
1975 80.14
1976 80.80
1977 81.58
1978 85.58
1979 85.87
1980 85.39
1981 84.15
1982 80.56
1983 75.35
1984 74.12
1985 72.65
1986 83.06
1987 85.35
1988 82.81
1989 85.78
1990 82.94
1991 82.83
1992 82.66
1993 81.46
1994 81.81
1995 80.68
1996 79.45
1997 81.47
1998 79.28
1999 77.13
2000 59.95
2001 59.94
2002 59.89
2003 59.98
2004 59.89
2005 59.90
2006 59.89
2007 59.88
2008 59.88
2009 59.88
2010 59.88
2011 59.88
2012 59.76
2013 59.76
2014 59.76
2015 59.76
2016 59.76
2017 60.54
2018 60.06
2019 52.73
2020 51.65

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