Late-demographic dividend | 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
Late-demographic dividend
Records
63
Source
Late-demographic dividend | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
1960 3.23194931
1961 3.63971321
1962 2.63650816
1963 2.87773203
1964 3.96947831
1965 4.46589149
1966 4.82885257
1967 4.27442206
1968 4.54275084
1969 4.88005336
1970 3.78676012
1971 4.32199238
1972 4.021968
1973 3.5829591
1974 2.96460139
1975 3.29328588
1976 2.56113826
1977 2.90486858
1978 2.87690528
1979 3.05887681
1980 3.38757281
1981 3.78109853
1982 3.68373806
1983 3.26864992
1984 3.60283724
1985 3.34815628
1986 3.41523447
1987 3.58137051
1988 3.74554885
1989 3.75297987
1990 3.92513864
1991 4.54056395
1992 5.60276625
1993 6.09131054
1994 9.06857156
1995 8.74973394
1996 9.00686811
1997 9.27155346
1998 8.45750436
1999 7.47381421
2000 8.13388574
2001 7.68098098
2002 8.23425054
2003 8.64445312
2004 8.49942981
2005 8.83836134
2006 8.6909287
2007 9.55300664
2008 9.93066147
2009 9.25160491
2010 9.55598685
2011 10.00736564
2012 11.10324509
2013 11.26001336
2014 11.15615606
2015 11.66049944
2016 11.86448211
2017 12.53656285
2018 12.43034017
2019 13.09938726
2020 13.27083178
2021
2022

Late-demographic dividend | 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
Late-demographic dividend
Records
63
Source