Jordan - Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in Jordan was 17.64 as of 2020. Its highest value over the past 60 years was 46.41 in 1963, while its lowest value was 15.97 in 1983.

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

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 37.76
1961 40.68
1962 45.26
1963 46.41
1964 38.12
1965 45.79
1966 36.33
1967 32.59
1968 26.67
1969 32.42
1970 37.47
1971 32.30
1972 30.61
1973 30.82
1974 24.52
1975 27.90
1976 25.99
1977 25.83
1978 21.29
1979 23.75
1980 29.27
1981 46.25
1982 29.22
1983 15.97
1984 27.13
1985 28.45
1986 20.37
1987 26.24
1988 20.81
1989 22.97
1990 26.89
1991 23.12
1992 17.82
1993 21.10
1994 23.94
1995 31.47
1996 23.27
1997 28.13
1998 26.12
1999 20.83
2000 23.19
2001 32.52
2002 31.23
2003 27.65
2004 29.29
2005 29.04
2006 23.96
2007 24.70
2008 25.55
2009 31.92
2010 30.07
2011 29.14
2012 28.01
2013 29.61
2014 27.03
2015 20.16
2016 17.07
2017 17.71
2018 19.79
2019 18.55
2020 17.64

Development Relevance: The relative importance of intraregional trade is higher for both landlocked countries and small countries with close trade links to the largest regional economy. For most low- and middle-income economies - especially smaller ones - there is a "geographic bias" favoring intraregional trade. Despite the broad trend toward globalization and the reduction of trade barriers, the relative share of intraregional trade increased for most economies between 1999 and 2010. This is due partly to trade-related advantages, such as proximity, lower transport costs, increased knowledge from repeated interaction, and cultural and historical affinity. The direction of trade is also influenced by preferential trade agreements that a country has made with other economies. Though formal agreements on trade liberalization do not automatically increase trade, they nevertheless affect the direction of trade between the participating economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports