Heavily indebted poor countries (HIPC) - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Heavily indebted poor countries (HIPC) was 49.42 as of 2020. Its highest value over the past 60 years was 81.05 in 1961, while its lowest value was 43.96 in 2018.

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 80.13
1961 81.05
1962 78.46
1963 75.25
1964 77.26
1965 76.02
1966 76.48
1967 76.67
1968 74.41
1969 75.85
1970 73.15
1971 75.76
1972 70.96
1973 70.91
1974 70.92
1975 69.47
1976 76.92
1977 77.22
1978 73.76
1979 70.60
1980 68.91
1981 69.10
1982 73.96
1983 70.24
1984 71.29
1985 69.90
1986 69.02
1987 66.65
1988 70.28
1989 67.03
1990 69.02
1991 66.32
1992 66.70
1993 65.39
1994 63.59
1995 65.45
1996 64.47
1997 71.60
1998 71.50
1999 71.65
2000 55.13
2001 55.45
2002 54.80
2003 55.62
2004 51.46
2005 50.54
2006 56.96
2007 57.35
2008 55.98
2009 56.35
2010 56.35
2011 53.09
2012 51.27
2013 47.08
2014 48.28
2015 49.33
2016 49.74
2017 49.21
2018 43.96
2019 47.76
2020 49.42

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