Somalia - 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 Somalia was 56.81 as of 2020. Its highest value over the past 58 years was 70.00 in 2018, while its lowest value was 4.00 in 1983.

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
1962 18.78
1963 19.51
1964 19.29
1965 16.02
1967 14.38
1968 13.00
1969 8.73
1970 7.57
1971 16.21
1972 17.94
1973 20.78
1974 12.44
1975 17.77
1976 7.24
1977 13.92
1978 17.15
1980 10.95
1981 8.82
1982 7.75
1983 4.00
1984 9.10
1985 11.02
1986 13.99
1987 9.73
1988 19.89
1989 14.80
1990 15.27
1991 27.78
1992 29.57
1993 22.27
1994 34.36
1995 46.11
1996 54.32
1997 60.66
1998 60.80
1999 61.09
2000 33.16
2001 42.48
2002 35.91
2003 40.09
2004 46.08
2005 42.29
2006 41.67
2007 39.25
2008 33.62
2009 50.88
2010 48.91
2011 52.63
2012 46.05
2013 44.65
2014 58.31
2015 64.88
2016 69.19
2017 63.30
2018 70.00
2019 68.67
2020 56.81

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