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

Merchandise exports to high-income economies (% of total merchandise exports) in Vanuatu was 79.36 as of 2020. Its highest value over the past 56 years was 100.00 in 1974, while its lowest value was 20.25 in 2012.

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
1964 85.82
1965 90.63
1966 92.56
1967 95.18
1968 94.20
1969 92.62
1970 99.80
1971 99.69
1972 98.69
1973 98.70
1974 100.00
1975 99.88
1976 98.55
1977 84.48
1978 87.22
1979 81.20
1980 75.83
1981 62.26
1982 62.09
1983 57.23
1984 56.22
1985 35.44
1986 34.06
1987 58.81
1988 68.18
1989 81.92
1990 97.90
1991 97.75
1992 91.56
1993 96.78
1994 89.90
1995 89.24
1996 90.91
1997 96.36
1998 90.41
1999 62.24
2000 83.47
2001 89.96
2002 77.71
2003 81.16
2004 55.79
2005 54.63
2006 48.44
2007 75.30
2008 34.02
2009 26.24
2010 34.91
2011 88.03
2012 20.25
2013 21.15
2014 54.89
2015 62.20
2016 60.93
2017 37.82
2018 52.41
2019 54.57
2020 79.36

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