Upper 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
Upper middle income
Records
63
Source
Create chart Download showed records Download Full dataset
Upper middle income | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
4.65452115 1960
3.85530908 1961
4.99598669 1962
5.63455821 1963
6.60291788 1964
7.92554116 1965
7.23411266 1966
7.67572102 1967
8.05053768 1968
8.41883412 1969
8.04926803 1970
7.36967738 1971
7.41181187 1972
7.56772 1973
6.27626158 1974
6.27890026 1975
6.52914252 1976
6.83999989 1977
6.51355903 1978
7.30033206 1979
6.82560984 1980
5.85592646 1981
6.9784141 1982
6.72721844 1983
7.35840863 1984
6.33780088 1985
6.50379762 1986
6.83383994 1987
6.64333197 1988
6.95020027 1989
6.86701022 1990
7.11541887 1991
8.62392439 1992
8.4643741 1993
11.03746331 1994
12.17191519 1995
12.39586511 1996
12.55932474 1997
11.94983499 1998
11.01489469 1999
12.34218923 2000
12.02172739 2001
12.73484276 2002
13.60315716 2003
13.91432888 2004
14.4113702 2005
14.766904 2006
15.6668626 2007
15.79516575 2008
15.22739959 2009
14.92668931 2010
15.02918165 2011
15.32500805 2012
14.61301591 2013
14.43529756 2014
14.9358482 2015
15.1317339 2016
15.31438682 2017
15.23700129 2018
15.7711472 2019
16.06205349 2020
2021
2022
Upper 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
Upper middle income
Records
63
Source
Create chart Download showed records Download Full dataset