Uruguay - 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 Uruguay was 61.75 as of 2020. Its highest value over the past 60 years was 65.07 in 1998, while its lowest value was 6.71 in 1961.

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 7.95
1961 6.71
1962 8.55
1963 9.98
1964 11.88
1965 10.30
1966 14.12
1967 12.35
1968 8.55
1969 15.66
1970 15.39
1971 24.07
1972 11.74
1973 11.88
1974 37.02
1975 33.94
1976 29.41
1977 34.01
1978 32.68
1979 40.65
1980 43.83
1981 41.34
1982 43.58
1983 45.94
1984 38.07
1985 40.41
1986 45.61
1987 37.10
1988 42.99
1989 47.90
1990 47.40
1991 47.04
1992 46.07
1993 54.70
1994 59.02
1995 60.34
1996 59.90
1997 62.25
1998 65.07
1999 58.67
2000 60.36
2001 58.98
2002 55.97
2003 50.63
2004 43.99
2005 44.05
2006 51.43
2007 52.08
2008 51.72
2009 53.01
2010 56.03
2011 56.55
2012 54.43
2013 55.89
2014 54.79
2015 51.47
2016 53.69
2017 59.63
2018 63.83
2019 61.97
2020 61.75

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