European Union | 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
European Union
Records
63
Source
European Union | Merchandise exports to high-income economies (% of total merchandise exports)
67.59429183 1960
69.35764259 1961
71.66899565 1962
72.6083547 1963
72.96216937 1964
73.18181718 1965
73.01342657 1966
72.8632068 1967
72.70916738 1968
72.9752389 1969
72.09073045 1970
72.66712199 1971
73.17183223 1972
73.26251453 1973
71.0581907 1974
67.40247833 1975
69.10936579 1976
68.96481671 1977
69.7540895 1978
71.31786809 1979
70.19292326 1980
68.36418401 1981
70.23586893 1982
71.50671224 1983
73.16147187 1984
73.86526397 1985
76.30705706 1986
78.10863203 1987
78.65134927 1988
79.10488889 1989
79.41780489 1990
80.11935105 1991
80.32762503 1992
80.0706467 1993
80.89628593 1994
81.01437064 1995
80.80151986 1996
81.5456715 1997
82.98753558 1998
88.89388044 1999
88.47389686 2000
88.16766703 2001
88.01981987 2002
87.8671122 2003
86.98577383 2004
86.27878002 2005
85.78769639 2006
85.05134349 2007
83.85380854 2008
83.63360367 2009
82.77941239 2010
82.08998159 2011
81.12125579 2012
80.97719928 2013
81.84862871 2014
83.13244221 2015
83.45971592 2016
82.84607775 2017
83.11446717 2018
83.28080053 2019
83.56338225 2020
2021
2022
European Union | 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
European Union
Records
63
Source