India: Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
In , India's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 37.77.
That's down 6.3% from 2022, the highest value since .
The global average for this indicator in 2023 was 22.36 . India ranks #38 globally out of 204 reporting countries. Within South Asia, it ranks #2 of 6.
Source: World Bank Open Data (TM.VAL.MRCH.OR.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 44.65
- Trough
- 25.66
- 1-year change
- -6.3%
- 5-year change
- -12.9%
- -2.7% / yr
- 10-year change
- +0.3%
- +0.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) |
|---|---|
| 37.7677 | |
| 40.3231 | |
| 41.2698 | |
| 41.8097 | |
| 40.9712 | |
| 43.3632 | |
| 44.6482 | |
| 43.8455 | |
| 42.8099 | |
| 41.0277 |
About Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
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.
Indicator code: TM.VAL.MRCH.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was India's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023?
- In 2023, India's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 37.77, according to World Bank Open Data.
- Is India's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rising or falling?
- India's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) fell 6.3% from 2022 to 2023.
- How does India rank globally on Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)?
- In 2023, India ranked #38 out of 204 countries reporting Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports).
- How does India's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023 was 22.36, so India is above the world average. Within South Asia, it ranks #2 of 6.
- What is Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) and how is it measured?
- 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 Open Data (TM.VAL.MRCH.OR.ZS), CC BY 4.0.