Togo - Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in Togo was 67.86 as of 2020. Its highest value over the past 58 years was 74.72 in 2008, while its lowest value was 2.09 in 1968.

Definition: Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1962 6.43
1963 4.42
1964 3.00
1965 2.97
1966 3.89
1967 5.02
1968 2.09
1969 3.60
1970 2.94
1971 2.97
1972 3.17
1973 4.30
1974 2.50
1975 6.01
1976 6.71
1977 4.79
1978 11.05
1979 12.13
1980 24.91
1981 15.91
1982 21.39
1983 24.68
1984 9.00
1985 5.45
1986 6.76
1987 9.19
1988 9.20
1989 12.17
1990 14.39
1991 15.01
1992 22.45
1993 25.70
1994 19.88
1995 16.50
1996 16.38
1997 17.29
1998 17.52
1999 24.67
2000 41.02
2001 62.89
2002 60.32
2003 56.98
2004 62.43
2005 69.87
2006 60.91
2007 53.80
2008 74.72
2009 74.58
2010 26.49
2011 70.78
2012 64.99
2013 67.15
2014 63.01
2015 62.05
2016 71.16
2017 68.65
2018 69.90
2019 68.22
2020 67.86

Development Relevance: The relative importance of intraregional trade is higher for both landlocked countries and small countries with close trade links to the largest regional economy. For most low- and middle-income economies - especially smaller ones - there is a "geographic bias" favoring intraregional trade. Despite the broad trend toward globalization and the reduction of trade barriers, the relative share of intraregional trade increased for most economies between 1999 and 2010. This is due partly to trade-related advantages, such as proximity, lower transport costs, increased knowledge from repeated interaction, and cultural and historical affinity. The direction of trade is also influenced by preferential trade agreements that a country has made with other economies. Though formal agreements on trade liberalization do not automatically increase trade, they nevertheless affect the direction of trade between the participating 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