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

Merchandise exports to high-income economies (% of total merchandise exports) in Somalia was 63.08 as of 2020. Its highest value over the past 60 years was 99.42 in 1982, while its lowest value was 31.97 in 1968.

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 56.09
1961 55.89
1963 72.19
1964 75.77
1966 81.46
1967 86.91
1968 31.97
1969 85.50
1970 80.40
1971 75.69
1972 79.35
1973 73.78
1974 67.49
1975 71.79
1976 89.05
1977 90.60
1978 97.99
1980 91.36
1981 91.36
1982 99.42
1983 98.87
1984 91.19
1985 90.69
1986 83.74
1987 77.91
1988 80.79
1989 78.35
1990 78.89
1991 65.90
1992 61.15
1993 63.21
1994 78.72
1995 83.29
1996 73.01
1997 86.78
1998 69.59
1999 68.38
2000 75.12
2001 73.66
2002 52.65
2003 65.66
2004 64.36
2005 55.60
2006 66.39
2007 37.19
2008 54.69
2009 69.98
2010 81.85
2011 76.12
2012 83.47
2013 77.19
2014 72.81
2015 84.50
2016 86.13
2017 78.23
2018 71.39
2019 62.29
2020 63.08

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