Low & middle income | Merchandise exports (current US$)

Merchandise exports show the f.o.b. value of goods provided to the rest of the world valued in current U.S. dollars. Limitations and exceptions: Exports are recorded as the cost of the goods delivered to the frontier of the exporting country for shipment - the free on board (f.o.b.) value. Countries may report trade according to the general or special system of trade. Under the general system exports comprise outward-moving goods that are (a) goods wholly or partly produced in the country; (b) foreign goods, neither transformed nor declared for domestic consumption in the country, that move outward from customs storage; and (c) goods previously included as imports for domestic consumption but subsequently exported without transformation. Under the special system exports comprise categories a and c. In some compilations categories b and c are classified as re-exports. Because of differences in reporting practices, data on exports may not be fully comparable across economies. Data on exports of goods are derived from the same sources as data on imports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels. Statistical concept and methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total exports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.
Publisher
The World Bank
Origin
Low & middle income
Records
63
Source
Low & middle income | Merchandise exports (current US$)
year value
1960 26964829281.527
1961 26522632658.93
1962 26938480778.108
1963 30466889062.036
1964 33813148996.242
1965 35844968446.382
1966 37974361146.954
1967 38415162654.781
1968 41141474063.868
1969 45633287345.451
1970 50346649301.54
1971 55094448875.428
1972 61845369884.625
1973 90207919724.391
1974 147300874603.84
1975 144928094323.62
1976 165541694408.55
1977 193335325336.64
1978 208899484478.58
1979 285828059967.37
1980 374724495935.52
1981 346826783290.1
1982 336670008547.79
1983 337765435848.24
1984 357655314381.08
1985 348899825647.72
1986 314091971810.23
1987 370687160983.31
1988 418080534270.61
1989 469451978422.52
1990 515456594678.95
1991 523998691978.93
1992 569731627430.7
1993 600395648207.38
1994 720302031279.75
1995 871787015471.99
1996 946372865623.49
1997 1026865314014.3
1998 975258819479.02
1999 1057301148012.5
2000 1299766604473.3
2001 1266771712712.1
2002 1380482757247.1
2003 1659285630152.1
2004 2125435158232
2005 2635588028473.9
2006 3215890441951.9
2007 3853371191472.2
2008 4684385091108.5
2009 3647367918083.6
2010 4729917356915.6
2011 5822630676925.2
2012 6025710107796.6
2013 6151086997386.6
2014 6237793291986.1
2015 5461695781265
2016 5140299324300.3
2017 5802004624576.8
2018 6478807602596.3
2019 6405750577618.3
2020 6071098500797.6
2021 7987028699496.5
2022 8956943407110.5

Low & middle income | Merchandise exports (current US$)

Merchandise exports show the f.o.b. value of goods provided to the rest of the world valued in current U.S. dollars. Limitations and exceptions: Exports are recorded as the cost of the goods delivered to the frontier of the exporting country for shipment - the free on board (f.o.b.) value. Countries may report trade according to the general or special system of trade. Under the general system exports comprise outward-moving goods that are (a) goods wholly or partly produced in the country; (b) foreign goods, neither transformed nor declared for domestic consumption in the country, that move outward from customs storage; and (c) goods previously included as imports for domestic consumption but subsequently exported without transformation. Under the special system exports comprise categories a and c. In some compilations categories b and c are classified as re-exports. Because of differences in reporting practices, data on exports may not be fully comparable across economies. Data on exports of goods are derived from the same sources as data on imports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels. Statistical concept and methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total exports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.
Publisher
The World Bank
Origin
Low & middle income
Records
63
Source