IBRD only | 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
IBRD only
Records
63
Source
IBRD only | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
1960 3.75936986
1961 3.6087288
1962 3.86522384
1963 4.4522
1964 5.13480089
1965 6.10777486
1966 4.90807393
1967 5.08134504
1968 5.36418832
1969 5.56320897
1970 4.87473264
1971 4.55168498
1972 4.64865256
1973 4.44771027
1974 4.14573211
1975 4.04629594
1976 3.99890441
1977 3.97329397
1978 3.88094219
1979 4.63552768
1980 4.47627885
1981 4.04910655
1982 4.57495967
1983 4.33771347
1984 4.89271095
1985 4.60502673
1986 4.54658016
1987 4.96523878
1988 4.95825613
1989 5.39394595
1990 5.23722587
1991 5.49194886
1992 6.74999685
1993 6.87613299
1994 9.81127512
1995 10.79411052
1996 10.81389887
1997 10.82053407
1998 10.33758988
1999 9.69632652
2000 11.06353015
2001 10.79849584
2002 11.45195736
2003 12.30855404
2004 12.60473048
2005 12.8694137
2006 13.1217695
2007 13.73273359
2008 13.70025304
2009 13.45814664
2010 13.51479806
2011 13.64620027
2012 13.87322415
2013 13.50506934
2014 13.34456651
2015 13.93652598
2016 14.29039697
2017 14.43258501
2018 14.56349011
2019 15.27545924
2020 15.6471417
2021
2022

IBRD only | 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
IBRD only
Records
63
Source