East Asia & Pacific (IDA & IBRD countries) | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies. Development relevance: The relative importance of intraregional trade is higher for both landlocked countries and small countries with close trade links to the largest regional economy. For most low- and middle-income economies - especially smaller ones - there is a "geographic bias" favoring intraregional trade. Despite the broad trend toward globalization and the reduction of trade barriers, the relative share of intraregional trade increased for most economies between 1999 and 2010. This is due partly to trade-related advantages, such as proximity, lower transport costs, increased knowledge from repeated interaction, and cultural and historical affinity. The direction of trade is also influenced by preferential trade agreements that a country has made with other economies. Though formal agreements on trade liberalization do not automatically increase trade, they nevertheless affect the direction of trade between the participating 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
East Asia & Pacific (IDA & IBRD countries)
Records
63
Source
Create chart Download showed records Download Full dataset
East Asia & Pacific (IDA & IBRD countries) | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
7.2725737 1960
8.02039136 1961
9.3586985 1962
10.33965797 1963
11.21384352 1964
11.64098712 1965
6.83368147 1966
8.4288861 1967
8.12790476 1968
7.52395451 1969
6.68877975 1970
5.98790347 1971
6.186119 1972
6.32817488 1973
6.2211564 1974
7.04068374 1975
7.39333252 1976
7.83951853 1977
6.05030671 1978
6.10731207 1979
6.0730871 1980
5.63003733 1981
6.40396135 1982
5.6730474 1983
6.25794895 1984
5.64442672 1985
5.20423589 1986
6.33741204 1987
6.18394439 1988
6.16351351 1989
6.30136066 1990
6.4813628 1991
6.53873939 1992
6.27441868 1993
7.11208746 1994
8.23753151 1995
8.09311666 1996
9.03073363 1997
10.37637689 1998
10.99105075 1999
11.47788988 2000
11.69189297 2001
12.89902608 2002
13.58563187 2003
13.78378477 2004
14.42452061 2005
14.81369521 2006
15.51911242 2007
15.07268357 2008
15.7167287 2009
15.99688488 2010
16.03877453 2011
16.39514995 2012
16.27785489 2013
17.07621323 2014
19.3903193 2015
20.29477015 2016
20.2869838 2017
20.27103802 2018
21.59939177 2019
22.02041149 2020
2021
2022
East Asia & Pacific (IDA & IBRD countries) | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies. Development relevance: The relative importance of intraregional trade is higher for both landlocked countries and small countries with close trade links to the largest regional economy. For most low- and middle-income economies - especially smaller ones - there is a "geographic bias" favoring intraregional trade. Despite the broad trend toward globalization and the reduction of trade barriers, the relative share of intraregional trade increased for most economies between 1999 and 2010. This is due partly to trade-related advantages, such as proximity, lower transport costs, increased knowledge from repeated interaction, and cultural and historical affinity. The direction of trade is also influenced by preferential trade agreements that a country has made with other economies. Though formal agreements on trade liberalization do not automatically increase trade, they nevertheless affect the direction of trade between the participating 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
East Asia & Pacific (IDA & IBRD countries)
Records
63
Source
Create chart Download showed records Download Full dataset