Small states - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Small states was 61.30 as of 2020. Its highest value over the past 60 years was 86.76 in 1974, while its lowest value was 61.30 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
1960 83.08
1961 83.31
1962 83.02
1963 85.55
1964 86.11
1965 85.48
1966 83.99
1967 78.82
1968 78.55
1969 78.60
1970 84.53
1971 81.45
1972 82.29
1973 82.93
1974 86.76
1975 85.32
1976 85.89
1977 84.76
1978 84.08
1979 82.87
1980 80.20
1981 81.73
1982 81.73
1983 82.74
1984 81.94
1985 80.73
1986 84.11
1987 83.25
1988 76.23
1989 76.34
1990 71.84
1991 82.37
1992 82.18
1993 80.87
1994 74.22
1995 72.72
1996 72.90
1997 71.56
1998 70.90
1999 72.41
2000 81.71
2001 82.24
2002 81.10
2003 81.07
2004 78.27
2005 77.09
2006 75.07
2007 75.74
2008 75.70
2009 74.87
2010 75.85
2011 75.99
2012 74.27
2013 71.98
2014 69.63
2015 70.23
2016 66.90
2017 64.94
2018 63.82
2019 63.57
2020 61.30

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