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