Somalia, Fed. Rep.: Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
In , Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 75.32.
That's up 3.2% from 2022, the highest value on record.
The global average for this indicator in 2023 was 22.36 . Somalia, Fed. Rep. ranks #1 globally out of 204 reporting countries. Within Sub-Saharan Africa, it ranks #1 of 48.
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
- 75.32
- Trough
- 35.05
- 1-year change
- +3.2%
- 5-year change
- +11.2%
- +2.1% / yr
- 10-year change
- +69.0%
- +5.4% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) |
|---|---|
| 75.3161 | |
| 73.0006 | |
| 69.5178 | |
| 67.0512 | |
| 65.1686 | |
| 67.7217 | |
| 64.1596 | |
| 68.6212 | |
| 64.1397 | |
| 57.9765 |
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 Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023?
- In 2023, Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 75.32, according to World Bank Open Data.
- Is Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rising or falling?
- Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rose 3.2% from 2022 to 2023.
- How does Somalia, Fed. Rep. rank globally on Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)?
- In 2023, Somalia, Fed. Rep. ranked #1 out of 204 countries reporting Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports).
- How does Somalia, Fed. Rep.'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 Somalia, Fed. Rep. is above the world average. Within Sub-Saharan Africa, it ranks #1 of 48.
- 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.