Saudi Arabia: Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
In , Saudi Arabia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 40.53.
That's up 0.3% from 2022, the highest value since .
The global average for this indicator in 2023 was 18.45 . Saudi Arabia ranks #29 globally out of 201 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #7 of 23.
Source: World Bank Open Data (TX.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
- 42.83
- Trough
- 33.95
- 1-year change
- +0.3%
- 5-year change
- +14.0%
- +2.7% / yr
- 10-year change
- +10.7%
- +1.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) |
|---|---|
| 40.5336 | |
| 40.4030 | |
| 42.8308 | |
| 41.8062 | |
| 41.4153 | |
| 35.5527 | |
| 33.9493 | |
| 36.6205 | |
| 36.6208 | |
| 36.6207 |
About Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to 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 exports 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: TX.VAL.MRCH.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Saudi Arabia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023?
- In 2023, Saudi Arabia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 40.53, according to World Bank Open Data.
- Is Saudi Arabia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rising or falling?
- Saudi Arabia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rose 0.3% from 2022 to 2023.
- How does Saudi Arabia rank globally on Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)?
- In 2023, Saudi Arabia ranked #29 out of 201 countries reporting Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports).
- How does Saudi Arabia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023 was 18.45, so Saudi Arabia is above the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #7 of 23.
- What is Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to 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 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 Open Data (TX.VAL.MRCH.OR.ZS), CC BY 4.0.