Low & middle 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 & middle income
Records
63
Source
Create chart Download showed records Download Full dataset
Low & middle income | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
5.44754008 1960
5.58312072 1961
5.67851224 1962
5.79324069 1963
7.30900486 1964
7.79446009 1965
6.68825802 1966
6.13185135 1967
6.67042211 1968
7.40062844 1969
7.16399389 1970
7.20038343 1971
7.88515868 1972
7.60553744 1973
6.81624307 1974
6.79647384 1975
6.13895044 1976
6.16429715 1977
6.02057535 1978
5.78361232 1979
6.1918757 1980
6.55603343 1981
6.26806382 1982
5.55399099 1983
5.73664117 1984
5.49257607 1985
5.84519613 1986
5.84595623 1987
5.85740658 1988
6.21731656 1989
6.25211191 1990
6.61699783 1991
7.93069218 1992
8.73825106 1993
11.72735974 1994
12.32678662 1995
12.22240567 1996
12.44490279 1997
11.79675231 1998
10.07010948 1999
10.83298568 2000
10.88542966 2001
11.30627168 2002
11.76472683 2003
11.82089183 2004
11.97217403 2005
11.93167839 2006
13.09279003 2007
13.65492354 2008
13.14205143 2009
13.30638153 2010
13.71470353 2011
14.56696934 2012
14.92140125 2013
14.58418664 2014
14.55851198 2015
14.62170791 2016
15.25931483 2017
15.24129004 2018
15.91668086 2019
16.21861947 2020
2021
2022
Low & middle 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 & middle income
Records
63
Source
Create chart Download showed records Download Full dataset