IDA blend | 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
IDA blend
Records
63
Source
Create chart Download showed records Download Full dataset
IDA blend | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
3.46309714 1960
3.23405267 1961
2.68551638 1962
3.2688459 1963
6.70706568 1964
6.15169659 1965
2.98424214 1966
1.91341784 1967
3.92962867 1968
3.46571249 1969
3.61304213 1970
3.34208513 1971
3.7570662 1972
3.31032334 1973
3.23040383 1974
2.42057796 1975
2.1426623 1976
2.42864782 1977
2.05811104 1978
2.17938669 1979
4.5412672 1980
3.26100923 1981
3.55341469 1982
3.55342242 1983
3.91710915 1984
3.28817015 1985
4.37024224 1986
4.40114855 1987
3.56950368 1988
5.02010693 1989
5.22307 1990
4.86761798 1991
4.96119252 1992
6.17276556 1993
12.42337661 1994
13.27530237 1995
13.47922907 1996
14.2245516 1997
11.91205969 1998
10.54843813 1999
13.54037378 2000
14.25587038 2001
12.72151807 2002
10.55380243 2003
13.36582185 2004
13.54949424 2005
14.15022472 2006
13.53051595 2007
13.12620446 2008
13.91033944 2009
14.05234677 2010
14.97375572 2011
15.11960077 2012
15.63399234 2013
13.1351558 2014
13.47328844 2015
11.63325854 2016
12.69496447 2017
13.3925741 2018
13.5523825 2019
14.25147962 2020
2021
2022
IDA blend | 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
IDA blend
Records
63
Source
Create chart Download showed records Download Full dataset