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CodeTX.VAL.MRCH.R5.ZS
Indicator NameMerchandise exports to low- and middle-income economies in South Asia (% of total merchandise exports)
Short definitionMerchandise exports to low- and middle-income economies in South Asia are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the South Asia region according to World Bank classification of economies. Data are 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.
Long definitionMerchandise exports to low- and middle-income economies in South Asia are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the South Asia region according to World Bank classification of economies. Data are 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.
SourceStaff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF)
TopicPrivate Sector & Trade: Exports
DatasetWDI
PeriodicityAnnual
Reference period1960-2023
Aggregation methodWeighted average
Statistical concept and methodologyMethodology: This indicator expresses the percentage of a country’s total merchandise exports that are destined for a specific group of economies, such as high-income countries, the Arab World, or various regional and development classifications. It is calculated as the ratio between the value of goods exported to the specified group and the total value of all merchandise exports of the reporting economy in the same period. All export values are expressed in current U.S. dollars and originate from customs records collected by national authorities. The destination of merchandise exports is identified through shipping documentation and export declarations, typically using the last known destination country at the time of customs clearance. Classification of partner economies is based on lists reflecting regional membership, development level, or income groupings as used at the time of reporting. For example, high-income economies are defined by income thresholds, while other groups like the Arab World are identified by political-geographic criteria. Export data are usually reported on a free-on-board (FOB) basis, meaning the value reflects the cost of goods at the point of shipment, excluding insurance and freight beyond the port of departure. The indicator provides a measure of export market concentration and can be used to analyze changes in trade orientation, dependency on particular economic groups, or regional integration strategies. Policymakers, analysts, and trade negotiators may use this metric to monitor shifts in export destinations due to new trade agreements, geopolitical developments, supply chain changes, or shifts in global demand. Fluctuations may also reflect external shocks such as sanctions or disruptions in partner economies.
License URLhttps://datacatalog.worldbank.org/public-licenses#cc-by
License TypeCC BY-4.0
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