Singapore - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Singapore was 55.65 as of 2020. Its highest value over the past 60 years was 80.18 in 1962, while its lowest value was 55.45 in 1968.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies 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 77.17
1962 80.18
1963 76.73
1968 55.45
1969 56.80
1970 64.66
1971 68.48
1972 68.79
1973 67.91
1974 68.87
1975 70.27
1976 69.87
1977 70.25
1978 71.41
1979 71.21
1980 75.50
1981 77.80
1982 73.18
1983 73.29
1984 72.45
1985 65.98
1986 69.62
1987 73.01
1988 73.17
1989 75.20
1990 74.71
1991 72.53
1992 72.52
1993 70.83
1994 70.45
1995 71.04
1996 71.23
1997 70.28
1998 68.72
1999 67.83
2000 66.11
2001 64.92
2002 62.33
2003 58.90
2004 58.26
2005 57.99
2006 57.20
2007 57.51
2008 59.12
2009 58.07
2010 56.91
2011 58.34
2012 59.69
2013 58.33
2014 57.84
2015 56.96
2016 57.55
2017 57.77
2018 58.13
2019 57.33
2020 55.65

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.

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