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

Merchandise exports to high-income economies (% of total merchandise exports) in Vietnam was 67.87 as of 2020. Its highest value over the past 60 years was 100.00 in 1970, while its lowest value was 26.60 in 1989.

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 74.41
1961 84.30
1962 78.99
1963 98.46
1964 100.00
1965 100.00
1966 100.00
1967 100.00
1968 100.00
1969 100.00
1970 100.00
1971 32.06
1972 59.64
1973 41.52
1981 88.62
1982 92.72
1983 89.85
1984 88.71
1985 27.91
1986 31.20
1987 29.60
1988 30.08
1989 26.60
1990 42.20
1991 73.77
1992 64.43
1993 68.62
1994 70.99
1995 72.81
1996 74.73
1997 76.43
1998 75.65
1999 72.22
2000 70.88
2001 71.03
2002 74.62
2003 76.15
2004 73.40
2005 71.23
2006 72.83
2007 73.31
2008 70.82
2009 68.77
2010 69.54
2011 66.34
2012 67.61
2013 68.91
2014 70.11
2015 71.19
2016 70.33
2017 65.56
2018 65.29
2019 67.31
2020 67.87

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