South Asia - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in South Asia was 49.88 as of 2020. Its highest value over the past 60 years was 78.83 in 1961, while its lowest value was 47.27 in 2016.

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 77.67
1961 78.83
1962 76.83
1963 78.60
1964 76.22
1965 77.16
1966 74.56
1967 77.34
1968 73.52
1969 67.41
1970 70.16
1971 71.15
1972 67.24
1973 67.81
1974 63.17
1975 70.21
1976 71.18
1977 63.68
1978 66.20
1979 65.97
1980 64.96
1981 65.51
1982 70.31
1983 69.57
1984 68.59
1985 69.66
1986 73.67
1987 71.14
1988 71.27
1989 71.78
1990 70.71
1991 66.83
1992 70.27
1993 71.72
1994 70.83
1995 68.20
1996 69.86
1997 73.21
1998 69.88
1999 66.94
2000 58.29
2001 55.25
2002 53.81
2003 53.87
2004 52.59
2005 51.37
2006 57.99
2007 59.88
2008 59.35
2009 58.10
2010 58.05
2011 57.37
2012 56.56
2013 55.01
2014 51.17
2015 49.66
2016 47.27
2017 47.47
2018 49.36
2019 51.34
2020 49.88

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