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

Merchandise exports to high-income economies (% of total merchandise exports) in United States was 60.39 as of 2020. Its highest value over the past 60 years was 75.86 in 1987, while its lowest value was 59.56 in 2014.

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 66.71
1961 66.93
1962 66.24
1963 66.29
1964 66.13
1965 68.53
1966 68.16
1967 70.87
1968 71.77
1969 73.57
1970 72.81
1971 72.92
1972 73.27
1973 71.94
1974 69.53
1975 66.69
1976 69.00
1977 70.55
1978 69.43
1979 70.07
1980 68.21
1981 67.87
1982 69.50
1983 73.35
1984 72.40
1985 72.79
1986 74.87
1987 75.86
1988 75.45
1989 75.56
1990 75.70
1991 74.41
1992 72.27
1993 71.96
1994 71.48
1995 72.38
1996 71.45
1997 71.63
1998 71.05
1999 72.11
2000 70.44
2001 69.52
2002 69.11
2003 69.07
2004 68.31
2005 67.96
2006 66.80
2007 66.33
2008 64.89
2009 63.59
2010 61.77
2011 60.96
2012 60.58
2013 59.63
2014 59.56
2015 60.43
2016 60.45
2017 59.89
2018 60.23
2019 61.17
2020 60.39

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