Heavily indebted poor countries (HIPC) - Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in Heavily indebted poor countries (HIPC) was 23.25 as of 2020. Its highest value over the past 60 years was 31.25 in 2013, while its lowest value was 4.64 in 1960.

Definition: Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.

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

See also:

Year Value
1960 4.64
1961 4.82
1962 5.74
1963 6.13
1964 6.38
1965 6.90
1966 6.27
1967 6.78
1968 7.04
1969 8.76
1970 9.19
1971 8.98
1972 12.69
1973 13.30
1974 13.81
1975 10.76
1976 8.68
1977 8.13
1978 8.90
1979 8.50
1980 9.51
1981 11.06
1982 11.59
1983 10.88
1984 9.38
1985 10.06
1986 9.81
1987 10.86
1988 9.05
1989 10.07
1990 11.04
1991 11.89
1992 12.61
1993 12.88
1994 13.27
1995 12.39
1996 13.04
1997 13.49
1998 14.50
1999 13.69
2000 22.25
2001 22.04
2002 22.05
2003 22.31
2004 23.18
2005 23.71
2006 23.72
2007 24.35
2008 24.61
2009 26.65
2010 25.74
2011 28.26
2012 30.40
2013 31.25
2014 30.06
2015 27.92
2016 27.15
2017 24.28
2018 23.22
2019 23.52
2020 23.25

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.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports