Small states - Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in Small states was 21.79 as of 2020. Its highest value over the past 60 years was 23.84 in 2015, while its lowest value was 4.47 in 1968.

Definition: Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions 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 5.25
1961 4.84
1962 5.54
1963 6.33
1964 5.89
1965 6.33
1966 5.40
1967 5.55
1968 4.47
1969 5.33
1970 6.45
1971 12.29
1972 13.44
1973 16.35
1974 21.32
1975 20.29
1976 18.15
1977 19.13
1978 18.56
1979 15.52
1980 7.24
1981 12.36
1982 9.98
1983 13.07
1984 17.77
1985 16.07
1986 14.71
1987 11.29
1988 9.50
1989 8.96
1990 8.16
1991 8.32
1992 9.93
1993 10.33
1994 12.79
1995 13.39
1996 12.73
1997 12.37
1998 12.80
1999 13.15
2000 11.94
2001 13.00
2002 13.62
2003 14.36
2004 12.29
2005 13.91
2006 15.44
2007 15.78
2008 18.16
2009 18.14
2010 20.12
2011 20.32
2012 20.34
2013 20.26
2014 20.77
2015 23.84
2016 21.95
2017 22.74
2018 22.82
2019 21.60
2020 21.79

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

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