European Union | Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed 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. 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. 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 imports from high-income economies (% of total merchandise imports)
1960 70.51936122
1961 71.6248047
1962 71.70564519
1963 71.58864682
1964 71.54622047
1965 72.08038209
1966 72.31078787
1967 72.38623245
1968 71.76245636
1969 71.94992513
1970 71.42158343
1971 72.16203349
1972 72.60136178
1973 72.60349722
1974 70.06196331
1975 71.54136087
1976 71.30490911
1977 70.98493314
1978 71.76638436
1979 71.73945966
1980 71.41470775
1981 72.71766164
1982 71.70440846
1983 70.71296964
1984 70.54127248
1985 70.83875217
1986 75.79859726
1987 77.10597074
1988 77.55731136
1989 77.6862939
1990 78.29392939
1991 78.521183
1992 79.3111947
1993 79.48599259
1994 78.99881354
1995 79.46353464
1996 79.20559037
1997 80.23644016
1998 81.69136521
1999 85.88078896
2000 84.25144087
2001 84.02447848
2002 84.32342125
2003 83.65040443
2004 82.93088293
2005 81.06737666
2006 79.86048833
2007 79.48906219
2008 77.72445116
2009 78.99210218
2010 77.13676644
2011 76.51915775
2012 76.11059459
2013 76.77223819
2014 77.28556631
2015 78.2693439
2016 78.95320198
2017 78.16287651
2018 77.61799085
2019 77.78655468
2020 78.27232121
2021
2022

European Union | Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed 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. 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. 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