European Union - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in European Union was 83.56 as of 2020. Its highest value over the past 60 years was 88.89 in 1999, while its lowest value was 67.40 in 1975.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed 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.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 67.59
1961 69.36
1962 71.67
1963 72.61
1964 72.96
1965 73.18
1966 73.01
1967 72.86
1968 72.71
1969 72.98
1970 72.09
1971 72.67
1972 73.17
1973 73.26
1974 71.06
1975 67.40
1976 69.11
1977 68.96
1978 69.75
1979 71.32
1980 70.19
1981 68.36
1982 70.24
1983 71.51
1984 73.16
1985 73.87
1986 76.31
1987 78.11
1988 78.65
1989 79.10
1990 79.42
1991 80.12
1992 80.33
1993 80.07
1994 80.90
1995 81.01
1996 80.80
1997 81.55
1998 82.99
1999 88.89
2000 88.47
2001 88.17
2002 88.02
2003 87.87
2004 86.99
2005 86.28
2006 85.79
2007 85.05
2008 83.85
2009 83.63
2010 82.78
2011 82.09
2012 81.12
2013 80.98
2014 81.85
2015 83.13
2016 83.46
2017 82.85
2018 83.11
2019 83.28
2020 83.56

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income 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.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports