Singapore - 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 Singapore was 44.34 as of 2020. Its highest value over the past 60 years was 44.34 in 2020, while its lowest value was 16.93 in 1962.

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
1960 20.28
1962 16.93
1963 20.94
1968 41.57
1969 39.78
1970 33.27
1971 29.90
1972 29.70
1973 30.73
1974 28.35
1975 27.02
1976 28.23
1977 28.66
1978 27.31
1979 27.52
1980 23.29
1981 21.09
1982 25.45
1983 25.52
1984 26.23
1985 33.09
1986 28.87
1987 25.66
1988 25.27
1989 23.03
1990 23.52
1991 25.53
1992 25.81
1993 27.91
1994 28.20
1995 28.32
1996 28.14
1997 29.49
1998 31.01
1999 32.02
2000 33.35
2001 34.66
2002 37.36
2003 40.78
2004 41.21
2005 40.99
2006 42.16
2007 41.74
2008 39.65
2009 40.31
2010 41.62
2011 39.05
2012 38.88
2013 40.03
2014 40.98
2015 42.42
2016 42.07
2017 41.71
2018 41.65
2019 42.55
2020 44.34

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: Imports