European Union - Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in European Union was 15.67 as of 2020. Its highest value over the past 60 years was 19.37 in 1960, while its lowest value was 8.67 in 1990.

Definition: Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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 19.37
1961 17.33
1962 15.06
1963 14.56
1964 13.94
1965 13.99
1966 14.17
1967 14.08
1968 13.39
1969 12.58
1970 11.85
1971 11.58
1972 11.02
1973 11.16
1974 13.53
1975 16.14
1976 14.70
1977 14.65
1978 14.16
1979 13.19
1980 14.47
1981 16.87
1982 15.33
1983 14.08
1984 12.96
1985 12.29
1986 10.48
1987 9.28
1988 8.86
1989 8.73
1990 8.67
1991 8.83
1992 9.61
1993 12.19
1994 11.58
1995 11.82
1996 12.21
1997 12.24
1998 11.22
1999 9.91
2000 10.31
2001 10.65
2002 10.80
2003 11.08
2004 11.81
2005 12.59
2006 13.10
2007 13.83
2008 14.92
2009 15.20
2010 16.28
2011 16.86
2012 17.66
2013 17.76
2014 17.05
2015 15.94
2016 15.71
2017 16.19
2018 15.78
2019 15.71
2020 15.67

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

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