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

Merchandise exports to high-income economies (% of total merchandise exports) in United Kingdom was 82.62 as of 2020. Its highest value over the past 60 years was 90.67 in 1999, while its lowest value was 65.72 in 1960.

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 65.72
1961 66.45
1962 69.61
1963 69.47
1964 69.18
1965 69.41
1966 70.59
1967 70.91
1968 72.18
1969 72.42
1970 72.83
1971 71.05
1972 72.99
1973 73.50
1974 73.04
1975 69.60
1976 72.29
1977 73.19
1978 71.26
1979 77.08
1980 75.03
1981 76.16
1982 77.66
1983 80.08
1984 80.90
1985 82.02
1986 80.93
1987 82.41
1988 81.78
1989 82.54
1990 83.04
1991 83.64
1992 83.73
1993 79.03
1994 80.41
1995 80.37
1996 80.48
1997 79.92
1998 80.78
1999 90.67
2000 89.63
2001 89.45
2002 90.11
2003 88.78
2004 88.58
2005 85.99
2006 86.45
2007 84.27
2008 83.04
2009 82.83
2010 81.62
2011 81.16
2012 79.47
2013 81.19
2014 80.76
2015 82.05
2016 83.33
2017 81.97
2018 81.49
2019 80.77
2020 82.62

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