Somalia, Fed. Rep.: Merchandise exports to high-income economies (% of total merchandise exports)
In , Somalia, Fed. Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) was 85.23.
That's down 3.6% from 2022, the highest value since .
The global average for this indicator in 2023 was 60.91 . Somalia, Fed. Rep. ranks #39 globally out of 205 reporting countries. Within Sub-Saharan Africa, it ranks #3 of 48.
Source: World Bank Open Data (TX.VAL.MRCH.HI.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
- 88.43
- Trough
- 41.91
- 1-year change
- -3.6%
- 5-year change
- +12.3%
- +2.3% / yr
- 10-year change
- +8.0%
- +0.8% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to high-income economies (% of total merchandise exports) |
|---|---|
| 85.2330 | |
| 88.4279 | |
| 83.2810 | |
| 80.9483 | |
| 82.5263 | |
| 75.9313 | |
| 79.0119 | |
| 86.0684 | |
| 84.7991 | |
| 70.9793 |
About Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies 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.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Somalia, Fed. Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) in 2023?
- In 2023, Somalia, Fed. Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) was 85.23, according to World Bank Open Data.
- Is Somalia, Fed. Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) rising or falling?
- Somalia, Fed. Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) fell 3.6% from 2022 to 2023.
- How does Somalia, Fed. Rep. rank globally on Merchandise exports to high-income economies (% of total merchandise exports)?
- In 2023, Somalia, Fed. Rep. ranked #39 out of 205 countries reporting Merchandise exports to high-income economies (% of total merchandise exports).
- How does Somalia, Fed. Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to high-income economies (% of total merchandise exports) in 2023 was 60.91, so Somalia, Fed. Rep. is above the world average. Within Sub-Saharan Africa, it ranks #3 of 48.
- What is Merchandise exports to high-income economies (% of total merchandise exports) and how is it measured?
- Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies 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.HI.ZS), CC BY 4.0.