Uruguay - 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 Uruguay was 67.09 as of 2020. Its highest value over the past 60 years was 73.19 in 2004, while its lowest value was 13.59 in 1960.

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 13.59
1961 18.24
1962 17.35
1963 23.01
1964 28.77
1965 23.62
1966 32.50
1967 32.52
1968 34.67
1969 33.97
1970 39.96
1971 40.34
1972 45.34
1973 53.69
1974 48.11
1975 34.00
1976 48.93
1977 46.67
1978 46.58
1979 50.08
1980 54.10
1981 51.12
1982 52.97
1983 56.43
1984 61.83
1985 59.48
1986 53.63
1987 54.88
1988 52.30
1989 57.28
1990 53.02
1991 55.05
1992 51.02
1993 54.92
1994 55.46
1995 54.51
1996 54.51
1997 53.06
1998 53.33
1999 51.49
2000 57.66
2001 56.81
2002 61.60
2003 69.65
2004 73.19
2005 68.51
2006 62.77
2007 63.40
2008 70.87
2009 66.98
2010 63.52
2011 65.74
2012 65.50
2013 65.25
2014 64.11
2015 64.11
2016 67.51
2017 66.45
2018 69.06
2019 71.15
2020 67.09

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