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

Merchandise exports to high-income economies (% of total merchandise exports) in Thailand was 57.64 as of 2020. Its highest value over the past 60 years was 85.89 in 1990, while its lowest value was 52.68 in 2018.

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 81.73
1961 76.13
1962 78.25
1963 76.74
1964 73.32
1965 69.69
1966 66.55
1967 71.70
1968 76.09
1969 79.38
1970 81.93
1971 77.88
1972 72.65
1973 78.60
1974 78.70
1975 79.63
1976 79.47
1977 73.04
1978 78.10
1979 77.91
1980 75.33
1981 73.22
1982 71.97
1983 76.58
1984 75.24
1985 76.98
1986 81.15
1987 83.09
1988 82.87
1989 82.11
1990 85.89
1991 85.11
1992 85.21
1993 84.37
1994 81.90
1995 77.89
1996 78.22
1997 78.31
1998 78.40
1999 79.50
2000 78.65
2001 77.88
2002 75.57
2003 72.51
2004 69.72
2005 67.85
2006 67.29
2007 64.52
2008 62.01
2009 60.97
2010 58.66
2011 56.36
2012 55.74
2013 54.55
2014 55.05
2015 55.54
2016 56.04
2017 53.98
2018 52.68
2019 54.93
2020 57.64

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