Australia | Merchandise exports to high-income economies (% of total merchandise exports)
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. 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.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source
Australia | Merchandise exports to high-income economies (% of total merchandise exports)
79.23278462 1960
76.57045114 1961
78.60863576 1962
75.9326677 1963
74.29550264 1964
74.00512383 1965
77.31818899 1966
71.77248526 1967
78.02044874 1968
77.79109484 1969
76.69763415 1970
77.26116623 1971
80.59533296 1972
81.05696759 1973
72.72577295 1974
72.53477772 1975
76.5976069 1976
75.50669385 1977
76.30028686 1978
73.79943514 1979
71.47799198 1980
73.63505987 1981
72.04447528 1982
75.39876365 1983
74.8115508 1984
74.71347987 1985
74.57844088 1986
78.01696247 1987
79.19698283 1988
76.78875661 1989
77.73410597 1990
78.94370376 1991
77.81787942 1992
75.8300726 1993
74.11451671 1994
74.24918294 1995
70.95094179 1996
70.39068816 1997
73.89494452 1998
73.20404153 1999
72.76892791 2000
72.49409323 2001
72.28993463 2002
71.47838692 2003
68.03403945 2004
66.02999737 2005
65.12165682 2006
64.0777512 2007
64.12311349 2008
56.45557185 2009
54.00920491 2010
52.83878941 2011
51.82894001 2012
46.36957465 2013
47.81574288 2014
48.18541934 2015
48.57845188 2016
46.66181119 2017
47.45847125 2018
46.43491281 2019
47.00397816 2020
2021
2022
Australia | Merchandise exports to high-income economies (% of total merchandise exports)
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. 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.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source