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Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)

TM.VAL.MRCH.WR.ZS

Definition

Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.

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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