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

Merchandise exports to high-income economies (% of total merchandise exports) in South Africa was 47.45 as of 2020. Its highest value over the past 60 years was 91.35 in 1962, while its lowest value was 42.82 in 2012.

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 88.09
1961 90.52
1962 91.35
1963 91.31
1964 85.82
1965 84.23
1966 87.43
1967 88.49
1968 87.91
1969 87.78
1970 88.68
1971 86.30
1972 86.98
1973 85.93
1974 86.93
1975 89.15
1976 89.16
1977 87.94
1978 90.94
1979 90.61
1980 89.82
1981 85.92
1982 87.39
1983 88.33
1984 89.73
1985 88.99
1986 88.29
1987 85.43
1988 83.35
1989 85.04
1990 86.52
1991 83.05
1992 77.90
1993 75.31
1994 72.24
1995 72.13
1996 70.88
1997 72.55
1998 52.99
1999 62.30
2000 73.13
2001 56.63
2002 56.38
2003 65.23
2004 67.41
2005 67.70
2006 74.88
2007 71.22
2008 68.27
2009 60.69
2010 47.66
2011 45.65
2012 42.82
2013 43.19
2014 45.27
2015 45.19
2016 47.29
2017 46.64
2018 46.43
2019 46.44
2020 47.45

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