Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
Countries By Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
Key points
- Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) is a measure of the percentage of total imports a country receives from other low- and middle-income economies within the same World Bank region.
- The data reflects the interconnectedness of economies within a region and their reliance on each other for trade, showcasing the economic relationships and dependencies between countries.
- Bhutan has the highest value in this statistic at 91.42%, indicating a significant portion of its imports come from other low- and middle-income economies within its region.
- In contrast, Iran has the lowest value at 0.21%, suggesting a lower level of trade engagement with low- and middle-income economies within its region.
- The average value of 25.62% highlights the overall importance of intra-regional trade among low- and middle-income economies in the selected countries, underscoring regional economic integration.
Official Definition of Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
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.
Importance
Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) is a significant macroeconomic statistic for a country as it indicates the extent to which the country is reliant on imports from low- and middle-income economies within the same region.
If the value of this statistic is low, it may suggest that the country is more self-sufficient or relies more on imports from higher-income economies or countries outside the region. This could indicate a higher level of economic development, diversified trade partners, or potentially better access to higher-quality goods and technology.
On the other hand, if the value of this statistic is high, it could imply that the country is heavily dependent on imports from low- and middle-income economies within the region. This heavy dependency may make the country more vulnerable to fluctuations in the economies of those partner countries, affecting the stability and security of the domestic market. It could also indicate that the country may be importing lower-quality goods or facing challenges in access to diversified trade partners.
Top 10 Countries by Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
Bottom 10 Countries by Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
Regions
Europe
Merchandise imports from low- and middle-income economies within the region (% of total merchandise imports) is a statistic that sheds light on the economic relationships between countries. Among the listed countries, Belarus stands out with the highest percentage, indicating a strong reliance on low- and middle-income economies within its region for imports. This high percentage could suggest cost-effective trade partnerships but also potential vulnerability to economic fluctuations in those economies. On the other hand, countries like the Russian Federation and Serbia show lower percentages, pointing to a more diversified import network, which can mitigate risks but might miss out on potential cost advantages. For these nations, fostering trade relationships with a mix of partners could lead to more stable economic development and growth.
Far East: East Asia, SE Asia, Australia
Merchandise imports from low- and middle-income economies within the region (% of total merchandise imports) vary significantly among the listed countries. Laos and Korea have the highest percentages at 89.51% and 84.72% respectively, indicating a heavy reliance on imports from within their region. Conversely, China has the lowest percentage at 13.40%. This statistic reflects the economic interdependence within the region, with some countries benefiting from diverse trading partners while others may be more vulnerable to regional economic fluctuations. Laos and Korea's high percentages suggest strong regional partnerships but also potential risks of over-dependence, while China's lower percentage may indicate a more diversified import base.
ASEAN
Merchandise imports from low- and middle-income economies within the region vary among the selected countries. Laos stands out with the highest percentage at 89.51%, indicating a strong reliance on imports from similar economies in the region. Cambodia follows closely at 73.87%, showcasing a significant dependency as well. Myanmar, at 63.68%, and Vietnam at 39.84%, also demonstrate reliance on regional imports. Thailand, Indonesia, and the Philippines have moderate percentages ranging from 39.60% to 41.42%. Malaysia shows the lowest dependence at 34.12%. While this statistic signals economic integration and cooperation within the region, countries with higher percentages may face vulnerability to external shocks, while those with lower percentages enjoy more diversified import sources, reducing risks but potentially hindering regional economic development.
Latin America
Argentina, with 31.93%, and Bolivia, with 40.77%, have relatively higher percentages of merchandise imports from low- and middle-income economies within their respective regions. Brazil, on the other hand, has a lower percentage at 9.96%. This indicates Bolivia and Argentina have stronger trade ties with neighboring economies. One advantage for Bolivia and Argentina is potentially lower import costs from nearby countries. However, over-reliance on regional trade could limit access to diverse goods and services, posing a disadvantage. For Brazil, a lower percentage may suggest a more diversified import market. This statistic reflects economic integration and potential vulnerabilities in case of regional economic fluctuations for each country.
Middle East
The data on Merchandise imports from low- and middle-income economies within the region (% of total merchandise imports) reveals varying degrees of economic reliance among the listed countries. For instance, Georgia and Armenia have particularly high percentages, indicating strong trade ties with regional low- and middle-income economies. Azerbaijan and Turkey also show significant reliance, albeit to a lesser extent. Conversely, countries like Iran and Egypt exhibit much lower percentages, suggesting a more diversified import base. This statistic can impact development differently; high reliance may enhance regional integration but could pose risks during economic downturns, while lower dependence may indicate better economic stability but potentially limit broader regional engagement.
Rivals
Russia v Ukraine
The statistic reveals that the Russian Federation imports about 14% of its merchandise from low- and middle-income economies within its region, while Ukraine sources approximately 21% of its merchandise imports from similar economies in the same region. Ukraine's higher percentage indicates a higher reliance on low- and middle-income economies for imports compared to Russia. This reliance may offer cost advantages for Ukraine but also exposes it to potential supply chain disruptions. For Russia, a lower percentage suggests a more diversified import base, possibly indicating greater stability but potentially missing out on cost-saving opportunities. This statistic impacts both countries' development by influencing trade relationships, economic resilience, and potential vulnerabilities in their supply chains.
India v Pakistan
India has a relatively low percentage of merchandise imports from low- and middle-income economies within its region, standing at 0.83%. In contrast, Pakistan's value is higher at 1.95%, indicating a greater reliance on imports from such economies. India's advantage lies in its diversified economy, reducing dependency on certain regions, while its disadvantage may be missed opportunities for closer regional economic integration. Pakistan benefits from potentially lower costs of imports; however, it can be vulnerable to economic fluctuations in partner countries. This statistic suggests India's focus on global trade diversification, while Pakistan may benefit from strengthening regional economic ties for stability and growth.
FAQs
- Q: Which country has the most merchandise imports from low- and middle-income economies within region (% of total merchandise imports)?
- Q: Which country has the least merchandise imports from low- and middle-income economies within region (% of total merchandise imports)?
- Q: What is the average percentage of merchandise imports from low- and middle-income economies within region (% of total merchandise imports) among the listed countries?
- Q: How is the statistic "Merchandise imports from low- and middle-income economies within region" calculated?
- Q: Why are high-income economies not included in the calculation of this statistic?
A: Bhutan has the highest percentage of merchandise imports from low- and middle-income economies within the region, at 91.42%.
A: Iran has the lowest percentage of merchandise imports from low- and middle-income economies within the region, at 0.21%.
A: The average percentage of merchandise imports from low- and middle-income economies within region is approximately 25.62%.
A: This statistic represents the sum of merchandise imports by a country from other low- and middle-income economies within the same World Bank region, presented as a percentage of the country's total merchandise imports.
A: High-income economies are excluded as they are classified separately by the World Bank. This statistic focuses on trade relations specifically with low- and middle-income economies within the same region.