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

Merchandise imports from high-income economies (% of total merchandise imports) in Somalia was 16.90 as of 2020. Its highest value over the past 58 years was 99.62 in 1966, while its lowest value was 14.33 in 1998.

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
1962 58.99
1963 51.79
1964 54.73
1965 51.72
1966 99.62
1967 83.33
1968 68.97
1969 70.08
1970 67.45
1971 63.06
1972 60.16
1973 49.96
1974 47.99
1975 48.68
1976 70.45
1977 64.41
1978 73.12
1980 80.95
1981 82.87
1982 80.00
1983 88.08
1984 85.76
1985 82.00
1986 78.73
1987 85.40
1988 72.42
1989 79.65
1990 74.20
1991 50.71
1992 44.11
1993 55.77
1994 39.95
1995 26.90
1996 19.94
1997 17.96
1998 14.33
1999 14.99
2000 48.39
2001 42.28
2002 39.71
2003 39.56
2004 40.17
2005 39.43
2006 37.59
2007 36.88
2008 38.25
2009 28.98
2010 25.81
2011 29.67
2012 34.89
2013 40.67
2014 31.19
2015 25.48
2016 21.08
2017 27.65
2018 22.25
2019 24.09
2020 16.90

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