Latin America & Caribbean | Merchandise imports from high-income economies (% of total merchandise imports)
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed 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. Development relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income 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
Latin America & Caribbean
Records
63
Source
Latin America & Caribbean | Merchandise imports from high-income economies (% of total merchandise imports)
1960 83.9632792
1961 85.51889377
1962 84.73985232
1963 83.6556287
1964 82.06866884
1965 80.85610348
1966 81.67015465
1967 81.73077937
1968 81.92640741
1969 81.39261056
1970 82.45351976
1971 81.16631311
1972 80.88837461
1973 79.2479119
1974 76.75077121
1975 77.87100661
1976 75.9827291
1977 74.50101497
1978 76.2080531
1979 73.09085652
1980 74.06727262
1981 75.20123509
1982 73.30786962
1983 68.7234107
1984 66.87454832
1985 69.11280978
1986 74.93512708
1987 75.34686575
1988 77.27926775
1989 75.17569862
1990 76.95803782
1991 79.92880622
1992 80.74123338
1993 80.42133993
1994 78.38232418
1995 76.38283725
1996 74.7763413
1997 76.40916306
1998 77.67704448
1999 79.33688703
2000 77.41555845
2001 75.80229969
2002 76.51022058
2003 74.43216536
2004 70.82088341
2005 67.92837924
2006 66.05264986
2007 63.39071206
2008 61.71928963
2009 61.90332937
2010 60.48791857
2011 59.56085715
2012 59.32305897
2013 58.79873742
2014 59.37253207
2015 59.38300091
2016 59.85945346
2017 59.47426821
2018 58.91822244
2019 58.87737332
2020 56.76754291
2021
2022
Latin America & Caribbean | Merchandise imports from high-income economies (% of total merchandise imports)
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed 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. Development relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income 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
Latin America & Caribbean
Records
63
Source