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
Middle income
Records
63
Source
Middle income | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
1960 4.4958871
1961 4.33247511
1962 4.77111105
1963 5.44668603
1964 6.56141372
1965 7.45929563
1966 5.86437521
1967 6.0554326
1968 6.70155956
1969 6.83898569
1970 6.80584758
1971 6.25588224
1972 6.68129747
1973 6.33263905
1974 5.72844447
1975 5.33419279
1976 5.37247634
1977 5.29378172
1978 5.01213074
1979 5.85541904
1980 5.92851673
1981 5.0788496
1982 5.52706932
1983 5.2065062
1984 5.90663109
1985 5.65249444
1986 5.51722253
1987 5.98507945
1988 5.89016193
1989 6.35081326
1990 6.19062975
1991 6.39832555
1992 7.66187582
1993 7.98828864
1994 11.11933802
1995 12.35141218
1996 12.4851516
1997 12.51702301
1998 12.07257094
1999 11.24172922
2000 12.72379
2001 12.57400307
2002 13.08825397
2003 13.88566101
2004 14.49744418
2005 14.68784145
2006 14.99704958
2007 15.68937022
2008 15.61149911
2009 15.22080363
2010 15.08979836
2011 15.25123159
2012 15.49122157
2013 15.13880238
2014 14.97377765
2015 15.69399777
2016 16.08028004
2017 16.22876064
2018 16.41602854
2019 17.14163446
2020 17.62465028
2021
2022

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
Middle income
Records
63
Source