Latin America & Caribbean | Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions 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: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets. 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 low- and middle-income economies outside region (% of total merchandise imports)
2.31842727 1960
2.38367548 1961
2.6228148 1962
3.56256061 1963
3.77790119 1964
3.43310548 1965
3.65989913 1966
3.43280871 1967
3.36825256 1968
3.82227608 1969
4.03052692 1970
5.58000287 1971
6.00937977 1972
7.28532281 1973
10.85597306 1974
9.7548823 1975
10.70215693 1976
11.01443866 1977
10.49277341 1978
12.19641562 1979
10.00628244 1980
8.74662472 1981
8.91587336 1982
11.21334213 1983
12.90724678 1984
12.30727681 1985
8.87003179 1986
8.72867616 1987
7.21817577 1988
7.79692234 1989
7.39785987 1990
5.55636414 1991
5.06712669 1992
5.5266742 1993
5.9288373 1994
6.75276609 1995
7.45178412 1996
7.25450025 1997
6.88643077 1998
7.10682468 1999
8.39860144 2000
9.26948063 2001
10.1511219 2002
12.6174878 2003
14.82526195 2004
16.1746811 2005
17.81698047 2006
19.08231903 2007
20.92161736 2008
20.70351291 2009
22.87409177 2010
23.67545449 2011
23.56265545 2012
24.84939847 2013
25.81371589 2014
27.19131711 2015
27.39377633 2016
27.84282144 2017
28.37147862 2018
29.3708338 2019
30.60464615 2020
2021
2022
Latin America & Caribbean | Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions 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: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets. 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