Heavily indebted poor countries (HIPC) | 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
Heavily indebted poor countries (HIPC)
Records
63
Source
Create chart Download showed records Download Full dataset
Heavily indebted poor countries (HIPC) | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
4.53259128 1960
4.40787889 1961
5.15729901 1962
6.68907638 1963
10.68679146 1964
11.06427754 1965
11.37327138 1966
11.00162858 1967
13.18008046 1968
12.74014292 1969
12.4375355 1970
11.61540253 1971
11.76961204 1972
12.22294084 1973
12.33675998 1974
11.70663074 1975
11.86237379 1976
11.36247996 1977
10.31807827 1978
10.24619598 1979
11.95997527 1980
12.92164762 1981
12.98903759 1982
13.14857632 1983
13.43487798 1984
13.78385971 1985
11.23384147 1986
12.11642111 1987
12.28271226 1988
14.96958557 1989
14.41588268 1990
12.88168128 1991
14.50643271 1992
16.07460687 1993
16.35923253 1994
17.0434865 1995
19.45571287 1996
20.62786372 1997
18.25888366 1998
20.22723427 1999
24.85962031 2000
22.66819882 2001
23.05853498 2002
23.66537681 2003
23.44253801 2004
25.23602634 2005
24.64793122 2006
23.56521081 2007
23.3222883 2008
21.40905726 2009
22.24864043 2010
23.90355489 2011
23.31113133 2012
23.10091058 2013
20.50435816 2014
17.90699625 2015
17.50438992 2016
18.82048335 2017
19.90581334 2018
18.91201811 2019
19.4213247 2020
2021
2022
Heavily indebted poor countries (HIPC) | 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
Heavily indebted poor countries (HIPC)
Records
63
Source
Create chart Download showed records Download Full dataset