Late-demographic dividend | 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
Late-demographic dividend
Records
63
Source
Create chart Download showed records Download Full dataset
Late-demographic dividend | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
3.90353885 1960
2.83112573 1961
3.32819698 1962
3.88559734 1963
4.08123711 1964
4.70717401 1965
4.04186164 1966
4.62919397 1967
5.05343524 1968
4.76681392 1969
3.4976904 1970
2.92711259 1971
3.23298983 1972
3.287874 1973
2.85003005 1974
2.41607497 1975
2.71813566 1976
2.7174428 1977
3.17100088 1978
3.63885166 1979
3.41754602 1980
3.42549528 1981
4.4865555 1982
4.03201998 1983
4.34200439 1984
3.81009785 1985
3.85627246 1986
4.28654969 1987
4.36465433 1988
4.88960023 1989
5.03776176 1990
5.04091948 1991
5.39982649 1992
5.48938706 1993
8.2625728 1994
8.70499883 1995
9.07723555 1996
9.23609287 1997
8.87544364 1998
8.29368959 1999
9.94641836 2000
9.21212254 2001
10.16875647 2002
10.63389924 2003
10.26027332 2004
10.99655911 2005
11.17490739 2006
11.56688541 2007
11.02937174 2008
11.02314817 2009
11.43583201 2010
11.99916217 2011
12.28154311 2012
11.84921213 2013
11.92613949 2014
12.79286363 2015
13.1094309 2016
13.35774249 2017
13.467778 2018
14.20278576 2019
14.77288517 2020
2021
2022
Late-demographic dividend | 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
Late-demographic dividend
Records
63
Source
Create chart Download showed records Download Full dataset