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

Merchandise exports to high-income economies (% of total merchandise exports) in Uruguay was 23.12 as of 2020. Its highest value over the past 60 years was 84.21 in 1968, while its lowest value was 19.37 in 2019.

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 84.09
1961 83.88
1962 74.69
1963 81.79
1964 81.09
1965 81.60
1966 78.09
1967 79.65
1968 84.21
1969 76.07
1970 71.15
1971 67.54
1972 79.08
1973 76.68
1974 49.92
1975 57.07
1976 63.43
1977 58.30
1978 59.79
1979 54.43
1980 46.84
1981 48.04
1982 44.59
1983 44.09
1984 51.79
1985 50.77
1986 48.97
1987 56.54
1988 47.56
1989 44.71
1990 43.79
1991 47.00
1992 51.21
1993 41.42
1994 39.10
1995 37.98
1996 38.49
1997 35.85
1998 32.86
1999 38.35
2000 37.99
2001 38.80
2002 42.44
2003 46.74
2004 51.10
2005 51.48
2006 44.66
2007 41.33
2008 32.22
2009 27.22
2010 25.47
2011 25.80
2012 23.79
2013 22.81
2014 22.74
2015 26.30
2016 26.69
2017 23.34
2018 22.96
2019 19.37
2020 23.12

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