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Trade & Finance · Glossary

Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)

TM.VAL.MRCH.R1.ZS

Definition

Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region 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.

Methodology for Trade & Finance indicators

Trade and finance indicators are sourced from customs declarations, balance-of-payments statistics, and central bank reporting. Exports and imports are usually reported FOB (free on board) for exports and CIF (cost, insurance, freight) for imports, which means global exports and global imports rarely sum to zero. Foreign direct investment data can be volatile year-over-year because of one-off cross-border acquisitions.

How to interpret

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