Latin America & the Caribbean (IDA & IBRD countries) | 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 & the Caribbean (IDA & IBRD countries)
Records
63
Source
Latin America & the Caribbean (IDA & IBRD countries) | Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
1960 2.31842727
1961 2.31714356
1962 2.61529857
1963 3.57113276
1964 3.77559407
1965 3.41584878
1966 3.65687446
1967 3.43243044
1968 3.36413351
1969 3.85192439
1970 3.84113747
1971 4.36232908
1972 4.99492867
1973 5.77755774
1974 9.14812987
1975 7.43416641
1976 9.02461108
1977 8.58653334
1978 8.30307256
1979 10.67947609
1980 10.0228453
1981 7.93640967
1982 8.56516918
1983 9.65624498
1984 10.3560205
1985 10.46063655
1986 7.08242063
1987 7.87241557
1988 6.81236698
1989 7.50017885
1990 7.26205133
1991 5.39416788
1992 4.82908402
1993 5.35201352
1994 5.68630881
1995 6.51453693
1996 7.19231516
1997 7.1573281
1998 6.82707981
1999 7.021875
2000 8.3368888
2001 9.21112955
2002 10.0938547
2003 12.62814477
2004 14.87098327
2005 16.21449104
2006 17.8169805
2007 19.10397434
2008 20.95913663
2009 20.72338306
2010 22.91600363
2011 23.74633833
2012 23.61631414
2013 24.88829982
2014 25.89883494
2015 27.19099385
2016 27.41733107
2017 27.94685236
2018 28.51953391
2019 29.55268401
2020 30.76464759
2021
2022
Latin America & the Caribbean (IDA & IBRD countries) | 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 & the Caribbean (IDA & IBRD countries)
Records
63
Source