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