Pacific island small states - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Pacific island small states was 69.44 as of 2020. Its highest value over the past 60 years was 100.00 in 1961, while its lowest value was 69.44 in 2020.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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 80.10
1961 100.00
1962 84.99
1963 84.25
1964 88.01
1965 87.11
1966 88.03
1967 88.94
1968 90.59
1969 88.69
1970 89.45
1971 91.96
1972 92.59
1973 93.82
1974 91.67
1975 92.15
1976 91.69
1977 92.23
1978 91.73
1979 91.66
1980 92.23
1981 93.35
1982 92.28
1983 90.05
1984 91.07
1985 87.03
1986 86.32
1987 86.63
1988 86.09
1989 87.66
1990 88.45
1991 87.74
1992 87.72
1993 88.13
1994 86.93
1995 88.60
1996 88.64
1997 87.46
1998 85.28
1999 86.94
2000 84.80
2001 87.27
2002 74.90
2003 85.47
2004 86.30
2005 86.33
2006 86.37
2007 88.34
2008 87.92
2009 79.88
2010 83.61
2011 80.72
2012 79.98
2013 76.69
2014 77.45
2015 77.35
2016 69.52
2017 73.53
2018 76.27
2019 75.61
2020 69.44

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.

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: Imports