Low income | 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
Low income
Records
63
Source
Low income | Merchandise imports from high-income economies (% of total merchandise imports)
year value
1960 72.04490425
1961 72.32395901
1962 71.56967432
1963 70.51829438
1964 61.59776428
1965 61.66171825
1966 64.96322908
1967 64.85133592
1968 63.47546401
1969 63.80550364
1970 65.40869505
1971 66.25344736
1972 65.30091624
1973 64.71630079
1974 63.35959107
1975 67.1298849
1976 71.84706146
1977 70.2446705
1978 66.15477303
1979 63.89641373
1980 65.12523526
1981 64.15915173
1982 62.21563887
1983 62.92361323
1984 59.36274273
1985 62.28626659
1986 64.20680366
1987 66.7445214
1988 66.07994412
1989 64.61195977
1990 67.08973562
1991 67.06071561
1992 66.08965587
1993 64.78935905
1994 64.59457448
1995 62.615437
1996 55.59674514
1997 59.01699757
1998 63.26918083
1999 56.74926049
2000 47.83016216
2001 52.6394207
2002 49.52023008
2003 43.11008309
2004 41.70874889
2005 40.39040491
2006 41.57049581
2007 41.27578797
2008 38.41462915
2009 36.42469785
2010 39.02904843
2011 39.12483779
2012 37.92581085
2013 35.49840448
2014 32.60890202
2015 34.88031501
2016 33.46848716
2017 34.74306404
2018 36.01718859
2019 36.16165481
2020 35.77432145
2021
2022

Low income | 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
Low income
Records
63
Source