Sri Lanka - Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in Sri Lanka was 17.97 as of 2020. Its highest value over the past 60 years was 30.09 in 1978, while its lowest value was 7.65 in 1993.

Definition: Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to 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 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 13.18
1961 12.12
1962 13.73
1963 12.79
1964 14.00
1965 15.61
1966 16.83
1967 17.28
1968 17.66
1969 24.71
1970 23.33
1971 19.75
1972 11.70
1973 12.54
1974 17.77
1975 28.77
1976 27.02
1977 29.11
1978 30.09
1979 22.71
1980 23.37
1981 23.64
1982 19.56
1983 23.05
1984 27.55
1985 21.60
1986 17.70
1987 19.22
1988 19.36
1989 16.07
1990 17.87
1991 14.81
1992 9.51
1993 7.65
1994 9.60
1995 11.10
1996 13.01
1997 13.07
1998 12.11
1999 9.96
2000 10.36
2001 10.69
2002 10.86
2003 11.04
2004 10.68
2005 11.23
2006 11.79
2007 12.11
2008 14.37
2009 15.65
2010 16.54
2011 16.83
2012 17.06
2013 16.45
2014 18.28
2015 14.54
2016 17.29
2017 18.93
2018 17.32
2019 16.76
2020 17.97

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: Exports