Least developed countries: UN classification | Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed 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. 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. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to 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
Least developed countries: UN classification
Records
63
Source
Least developed countries: UN classification | Merchandise exports to high-income economies (% of total merchandise exports)
1960 68.29174007
1961 69.71529669
1962 67.76865226
1963 66.34848949
1964 69.42965009
1965 68.59487518
1966 71.97505458
1967 72.17492314
1968 69.89861864
1969 72.52030348
1970 70.11950656
1971 71.98508419
1972 67.93278792
1973 68.4391664
1974 69.53260819
1975 64.68017048
1976 73.75011105
1977 72.4905158
1978 65.95839079
1979 62.70322972
1980 59.07980837
1981 63.3750302
1982 69.38986856
1983 68.60073162
1984 69.58560879
1985 68.1946364
1986 67.76822605
1987 68.12645411
1988 70.25494045
1989 68.06489725
1990 71.6531066
1991 69.01034123
1992 69.79882866
1993 66.84736817
1994 66.14348905
1995 64.07082125
1996 64.27392962
1997 71.91035999
1998 75.21089572
1999 68.96627092
2000 61.41307525
2001 62.1015073
2002 59.8636601
2003 59.84587489
2004 56.69294174
2005 53.28571411
2006 56.13550754
2007 48.19212991
2008 46.63076497
2009 53.28791592
2010 52.24408291
2011 51.69098791
2012 43.95596605
2013 44.96457602
2014 45.15241071
2015 48.7839556
2016 47.71737917
2017 46.12910489
2018 44.92519073
2019 48.71504607
2020 51.18207046
2021
2022
Least developed countries: UN classification | Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed 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. 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. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to 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
Least developed countries: UN classification
Records
63
Source