Iceland | 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
Republic of Iceland
Records
63
Source
Iceland | Merchandise exports to high-income economies (% of total merchandise exports)
69.05487805 1960
81.58640227 1961
78.63961814 1962
80.89647812 1963
82.34234234 1964
85.05034857 1965
85.09272468 1966
80.45738046 1967
84.73748474 1968
84.52072479 1969
89.23538924 1970
89.30434144 1971
86.76629824 1972
90.97970141 1973
88.27185275 1974
81.20380217 1975
89.80332995 1976
84.38616261 1977
82.99479195 1978
91.66629323 1979
84.25100831 1980
76.96967057 1981
85.40787936 1982
83.25491203 1983
88.10602536 1984
90.79763183 1985
92.26570661 1986
93.03888961 1987
93.25541676 1988
91.91700883 1989
94.92747591 1990
96.48371267 1991
95.364854 1992
95.85744218 1993
95.63035336 1994
95.54846997 1995
93.75180401 1996
95.56846555 1997
96.33276821 1998
98.25642584 1999
97.55446001 2000
96.78643246 2001
96.38510882 2002
96.34266899 2003
95.61088059 2004
95.2539362 2005
94.50408566 2006
95.34580944 2007
93.91939885 2008
93.30795366 2009
93.68214531 2010
92.31370659 2011
90.18376568 2012
90.67728249 2013
89.54965333 2014
91.57279187 2015
93.27236346 2016
92.3766631 2017
91.73185371 2018
91.79944916 2019
93.66374291 2020
2021
2022
Iceland | 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
Republic of Iceland
Records
63
Source