Low & middle income | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are 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. 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
Low & middle income | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
1960 4.66711927
1961 4.48958559
1962 4.88558012
1963 5.66396393
1964 7.27328808
1965 8.16638778
1966 6.68554891
1967 6.71989665
1968 7.46749048
1969 7.61153919
1970 7.58501896
1971 7.01013575
1972 7.23409792
1973 6.86054572
1974 6.17552566
1975 5.68080125
1976 5.5882036
1977 5.56930767
1978 5.3513646
1979 6.28798143
1980 6.45616405
1981 5.65835155
1982 6.20472335
1983 5.9396877
1984 6.66783207
1985 6.23703367
1986 5.90958589
1987 6.37427358
1988 6.19512209
1989 6.71291066
1990 6.51024083
1991 6.64737256
1992 7.88809455
1993 8.22403646
1994 11.20097039
1995 12.40009706
1996 12.58827974
1997 12.64188446
1998 12.15982381
1999 11.39155587
2000 12.82620266
2001 12.60873815
2002 13.17120278
2003 13.98413165
2004 14.61256951
2005 14.8218291
2006 15.08285633
2007 15.6820462
2008 15.58511293
2009 15.22577011
2010 15.09570093
2011 15.35220104
2012 15.59169353
2013 15.27441877
2014 15.122038
2015 15.77759415
2016 16.15472582
2017 16.30880391
2018 16.48447367
2019 17.19080666
2020 17.65734351
2021
2022

Low & middle income | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are 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. 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