Iceland | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets. 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 low- and middle-income economies outside region (% of total merchandise exports)
2.28658537 1960
6.6572238 1961
4.65393795 1962
4.80256137 1963
5.67567568 1964
5.18977537 1965
4.63623395 1966
3.95010395 1967
3.05250305 1968
5.52506199 1969
1.54770155 1970
1.56134177 1971
3.31535641 1972
2.68419582 1973
1.3752011 1974
5.61752532 1975
2.53992597 1976
5.75705082 1977
10.06884238 1978
2.0784013 1979
8.21379493 1980
13.50661564 1981
4.478189 1982
6.07307911 1983
1.01730033 1984
0.62431363 1985
2.16904844 1986
1.94484397 1987
1.77922099 1988
1.93629079 1989
1.1366805 1990
1.51259482 1991
2.4526633 1992
1.99590407 1993
2.27609428 1994
2.34651011 1995
2.51428845 1996
4.02187542 1997
3.6301759 1998
1.73892239 1999
2.42138059 2000
3.18543237 2001
3.57786896 2002
3.65362308 2003
4.3828745 2004
4.73669313 2005
5.48740491 2006
4.64718155 2007
6.06260007 2008
6.68993033 2009
6.31167648 2010
7.65283782 2011
9.81039227 2012
9.21211807 2013
10.41576188 2014
8.39962476 2015
6.70382305 2016
7.62126979 2017
8.25195779 2018
8.17650161 2019
6.32307364 2020
2021
2022

Iceland | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets. 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