Low income | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. 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
Low income
Records
63
Source
Create chart Download showed records Download Full dataset
Low income | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
9.23621279 1960
8.61759425 1961
10.20024596 1962
10.38873468 1963
10.2084037 1964
10.09065242 1965
8.04716568 1966
8.48756898 1967
7.69690862 1968
10.47739165 1969
10.69421951 1970
8.00078247 1971
13.966731 1972
14.50268649 1973
14.16008535 1974
6.17113512 1975
4.58215014 1976
4.88781869 1977
6.22879643 1978
6.58488317 1979
6.41344033 1980
9.56584812 1981
11.09631114 1982
9.21625653 1983
8.60221476 1984
7.53897894 1985
8.45106299 1986
9.85486972 1987
8.56055775 1988
7.93851691 1989
7.09318473 1990
9.5371122 1991
10.26865919 1992
12.01504912 1993
12.25608397 1994
9.63198496 1995
6.74700179 1996
7.09524007 1997
9.78676232 1998
8.46769712 1999
14.69349766 2000
14.48786521 2001
14.500812 2002
16.92315479 2003
20.0460767 2004
16.64463552 2005
17.85230029 2006
20.15935439 2007
28.30216429 2008
29.59516412 2009
24.24787041 2010
22.67376574 2011
25.43775586 2012
26.01441772 2013
25.45049361 2014
27.01485033 2015
29.07753234 2016
27.04775154 2017
23.87015953 2018
23.69488506 2019
22.50744717 2020
2021
2022
Low income | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. 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
Low income
Records
63
Source
Create chart Download showed records Download Full dataset