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

Merchandise exports to high-income economies (% of total merchandise exports) in Pacific island small states was 54.78 as of 2020. Its highest value over the past 60 years was 100.00 in 1961, while its lowest value was 50.07 in 2013.

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 86.33
1961 100.00
1962 81.86
1963 88.65
1964 87.45
1965 84.89
1966 84.21
1967 89.96
1968 89.25
1969 84.38
1970 85.05
1971 83.45
1972 85.18
1973 82.80
1974 82.20
1975 81.43
1976 82.51
1977 74.84
1978 78.62
1979 78.21
1980 72.62
1981 70.35
1982 69.28
1983 68.84
1984 68.42
1985 65.71
1986 66.61
1987 72.75
1988 73.46
1989 75.39
1990 76.33
1991 77.18
1992 78.06
1993 80.10
1994 80.14
1995 80.76
1996 82.57
1997 81.85
1998 76.72
1999 76.86
2000 89.68
2001 91.66
2002 91.07
2003 88.99
2004 89.47
2005 89.97
2006 87.56
2007 86.70
2008 82.82
2009 74.57
2010 67.38
2011 71.71
2012 62.62
2013 50.07
2014 62.65
2015 64.34
2016 57.05
2017 60.85
2018 55.51
2019 55.86
2020 54.78

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