IDA & IBRD total | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. 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 & IBRD total
Records
63
Source
IDA & IBRD total | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
4.27038469 1960
4.41490975 1961
4.42952069 1962
4.61711791 1963
5.9650421 1964
6.36533671 1965
5.51506465 1966
5.05379252 1967
5.5722037 1968
6.16421671 1969
5.48761601 1970
5.90540666 1971
6.05462828 1972
5.90686926 1973
5.20311491 1974
5.13354935 1975
4.71776715 1976
4.84754112 1977
4.79103571 1978
4.64550411 1979
4.93319517 1980
5.40133694 1981
5.2337089 1982
4.67510087 1983
4.86031013 1984
4.66136083 1985
4.96914254 1986
5.05407133 1987
5.07838938 1988
5.44334273 1989
5.52816762 1990
5.9394883 1991
7.29966063 1992
7.9976728 1993
10.76516471 1994
11.29215431 1995
11.16650165 1996
11.43938136 1997
10.86034738 1998
9.31544565 1999
10.03531699 2000
10.05371894 2001
10.45742174 2002
10.86813764 2003
10.82291899 2004
10.9480782 2005
10.8828912 2006
11.97634756 2007
12.51079538 2008
12.05371641 2009
12.29845306 2010
12.66921484 2011
13.53390368 2012
13.82454702 2013
13.50092892 2014
13.55093217 2015
13.57218135 2016
14.15974734 2017
14.16513761 2018
14.83620139 2019
15.08977159 2020
2021
2022
IDA & IBRD total | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. 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 & IBRD total
Records
63
Source