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

Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 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: 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 imports from low- and middle-income economies outside region (% of total merchandise imports)
1960 2.0501139
1961 2.5606469
1962 3.37078652
1963 1.74152154
1964 1.83626626
1965 2.18499636
1966 1.6959799
1967 1.60990712
1968 1.67638484
1969 5.17403346
1970 4.97171191
1971 5.40183385
1972 4.18445481
1973 1.97041525
1974 1.58444726
1975 2.02213708
1976 2.21109533
1977 2.70176076
1978 2.95689053
1979 2.62617988
1980 2.08874723
1981 2.49916249
1982 3.19942399
1983 1.6016174
1984 1.62812661
1985 1.65210465
1986 1.79862802
1987 1.43452158
1988 1.40870241
1989 2.18668685
1990 1.61655889
1991 1.75263486
1992 3.56664908
1993 5.56299877
1994 5.76135627
1995 5.71867038
1996 5.56733253
1997 5.74818321
1998 3.9698221
1999 6.49402482
2000 6.7444369
2001 8.55487358
2002 11.57674357
2003 11.32255697
2004 9.28310289
2005 9.5550117
2006 9.72368865
2007 9.96238406
2008 12.35385363
2009 15.91636602
2010 20.78154218
2011 17.68695957
2012 21.00243005
2013 20.75674636
2014 19.07795189
2015 21.4588195
2016 14.97849888
2017 17.42451556
2018 17.44690924
2019 17.30784335
2020 19.63406452
2021
2022

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

Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 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: 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