United Kingdom - 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 United Kingdom was 14.30 as of 2020. Its highest value over the past 60 years was 27.50 in 1960, while its lowest value was 8.83 in 1999.

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 27.50
1961 26.41
1962 23.39
1963 23.52
1964 24.09
1965 23.83
1966 22.52
1967 22.24
1968 20.52
1969 20.50
1970 19.90
1971 20.62
1972 18.61
1973 17.41
1974 17.78
1975 21.63
1976 19.95
1977 18.77
1978 19.02
1979 15.35
1980 16.77
1981 17.04
1982 16.14
1983 13.67
1984 12.65
1985 11.91
1986 11.49
1987 10.63
1988 10.49
1989 9.77
1990 9.44
1991 9.08
1992 9.07
1993 10.71
1994 10.50
1995 10.50
1996 10.60
1997 10.89
1998 9.66
1999 8.83
2000 9.05
2001 9.15
2002 9.04
2003 10.57
2004 10.90
2005 10.27
2006 9.78
2007 11.55
2008 13.16
2009 12.92
2010 14.35
2011 14.74
2012 15.74
2013 14.37
2014 15.96
2015 16.13
2016 14.77
2017 15.68
2018 16.22
2019 16.70
2020 14.30

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