Other small states - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Other small states was 60.70 as of 2020. Its highest value over the past 60 years was 88.35 in 1964, while its lowest value was 60.70 in 2020.

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 82.86
1961 87.37
1962 86.30
1963 87.80
1964 88.35
1965 87.10
1966 86.43
1967 66.49
1968 65.76
1969 69.80
1970 82.55
1971 69.59
1972 77.16
1973 79.18
1974 85.55
1975 85.21
1976 81.89
1977 79.98
1978 79.17
1979 79.72
1980 78.21
1981 77.70
1982 79.49
1983 79.60
1984 78.75
1985 77.57
1986 80.67
1987 79.75
1988 70.04
1989 70.11
1990 68.06
1991 82.62
1992 82.58
1993 80.97
1994 73.54
1995 72.63
1996 71.10
1997 70.11
1998 69.71
1999 70.99
2000 82.20
2001 83.24
2002 81.23
2003 82.62
2004 78.20
2005 78.03
2006 75.46
2007 76.02
2008 77.06
2009 75.17
2010 76.91
2011 76.70
2012 74.47
2013 73.19
2014 70.23
2015 70.64
2016 66.78
2017 64.80
2018 63.92
2019 62.65
2020 60.70

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