Heavily indebted poor countries (HIPC) | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. 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
Heavily indebted poor countries (HIPC)
Records
63
Source
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Heavily indebted poor countries (HIPC) | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
4.64000095 1960
4.82159313 1961
5.74434108 1962
6.13467402 1963
6.37613473 1964
6.89592124 1965
6.26732543 1966
6.78168917 1967
7.04272609 1968
8.75888188 1969
9.19143078 1970
8.98015053 1971
12.69214317 1972
13.30023491 1973
13.81058092 1974
10.75995639 1975
8.67696516 1976
8.12639511 1977
8.89861577 1978
8.50482604 1979
9.5099459 1980
11.06495327 1981
11.58823012 1982
10.8828857 1983
9.38358871 1984
10.06180302 1985
9.81411613 1986
10.86461525 1987
9.05109675 1988
10.06727616 1989
11.04234786 1990
11.89118628 1991
12.60888095 1992
12.88082604 1993
13.27408279 1994
12.39317859 1995
13.03977882 1996
13.48725296 1997
14.49614298 1998
13.69197147 1999
22.25190569 2000
22.03656679 2001
22.04550569 2002
22.3101179 2003
23.1823379 2004
23.71378281 2005
23.71941611 2006
24.35293447 2007
24.61469717 2008
26.64990185 2009
25.74406243 2010
28.26301563 2011
30.40349959 2012
31.25154115 2013
30.05749684 2014
27.91555126 2015
27.14753332 2016
24.27857882 2017
23.22422396 2018
23.52375377 2019
23.25026913 2020
2021
2022
Heavily indebted poor countries (HIPC) | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. 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
Heavily indebted poor countries (HIPC)
Records
63
Source
Create chart Download showed records Download Full dataset