Iceland | Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed 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. 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. 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 imports from high-income economies (% of total merchandise imports)
year value
1960 74.37357631
1961 73.71967655
1962 78.31460674
1963 81.66819432
1964 83.77964805
1965 82.66569556
1966 86.74623116
1967 85.3250774
1968 84.62099125
1969 82.36504106
1970 82.98137436
1971 83.85985669
1972 85.69320272
1973 87.86774144
1974 85.49976075
1975 83.90205293
1976 81.82338233
1977 84.39859932
1978 84.88532572
1979 81.94625498
1980 85.02280344
1981 85.97937419
1982 84.41096122
1983 85.06013251
1984 85.82086449
1985 86.87441243
1986 89.52638333
1987 90.92165528
1988 91.12242498
1989 89.44845245
1990 91.18307618
1991 92.2002229
1992 93.96463384
1993 91.99942169
1994 91.60943676
1995 91.58372173
1996 91.90922671
1997 93.64659359
1998 95.61206434
1999 93.43491257
2000 93.23728588
2001 90.91733353
2002 88.36203765
2003 88.65083504
2004 90.62893443
2005 89.88121626
2006 89.98737634
2007 90.00774774
2008 87.56460668
2009 84.05205905
2010 77.33677707
2011 80.76626766
2012 78.7205161
2013 79.13225921
2014 80.65321042
2015 77.67225964
2016 84.96032381
2017 82.57426997
2018 82.55204127
2019 82.69112867
2020 80.36396875
2021
2022

Iceland | Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed 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. 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. 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