IDA only | 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 only
Records
63
Source
Create chart Download showed records Download Full dataset
IDA only | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
6.58313243 1960
6.48459089 1961
7.0686261 1962
8.18832434 1963
11.86719766 1964
12.03607952 1965
11.93970132 1966
11.82149052 1967
13.4781115 1968
13.03098549 1969
12.75016409 1970
12.39034353 1971
12.05209863 1972
12.49339501 1973
11.66170405 1974
10.32660792 1975
9.75487944 1976
9.54778995 1977
9.64332544 1978
10.72283146 1979
12.49828739 1980
13.61986011 1981
14.97107717 1982
14.94632314 1983
16.03221474 1984
14.58254692 1985
10.9933854 1986
11.56683831 1987
10.75834083 1988
12.92232116 1989
12.85075226 1990
12.10282696 1991
14.09752781 1992
16.12780617 1993
16.64450903 1994
18.62242572 1995
20.33121936 1996
20.51924541 1997
19.97250329 1998
20.31361542 1999
20.49558392 2000
19.54637179 2001
20.45074386 2002
21.49468923 2003
25.10073306 2004
25.91615031 2005
24.82930004 2006
20.96188309 2007
20.28217352 2008
19.93981076 2009
20.00637302 2010
23.82935258 2011
24.78856032 2012
25.59765976 2013
25.97255784 2014
25.31663298 2015
26.57367328 2016
27.00583668 2017
28.3525953 2018
28.18053597 2019
29.29595234 2020
2021
2022
IDA only | 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 only
Records
63
Source
Create chart Download showed records Download Full dataset