Saudi Arabia - 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 Saudi Arabia was 48.34 as of 2020. Its highest value over the past 56 years was 48.34 in 2020, while its lowest value was 8.12 in 1969.

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
1964 9.97
1965 9.16
1966 10.87
1967 9.78
1968 12.08
1969 8.12
1970 11.92
1971 11.50
1972 12.17
1973 13.32
1974 11.08
1975 10.27
1976 8.97
1977 9.40
1978 9.76
1979 9.25
1980 9.60
1981 11.60
1982 16.42
1983 22.83
1984 21.72
1985 22.36
1986 12.65
1987 13.08
1988 14.61
1989 12.50
1990 16.50
1991 16.49
1992 17.12
1993 18.03
1994 17.85
1995 18.18
1996 19.42
1997 18.51
1998 20.66
1999 22.82
2000 40.05
2001 40.06
2002 40.11
2003 40.02
2004 40.11
2005 40.10
2006 40.10
2007 40.12
2008 40.11
2009 40.12
2010 40.12
2011 40.12
2012 40.24
2013 40.24
2014 40.24
2015 40.24
2016 40.24
2017 39.46
2018 39.94
2019 47.25
2020 48.34

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