Europe & Central Asia (excluding high income): Merchandise exports to low- and middle-income economies in East Asia & Pacific (% of total merchandise exports)

Key figures

What the numbers say

In 2023, Europe & Central Asia (excluding high income)'s merchandise exports to low- and middle-income economies in East Asia & Pacific (% of total merchandise exports) rose 0.61 percentage points on 2022 (from 6.9% to 7.5%).

Across the 30 yearly changes before that (1993 to 2022), the average change was +0.15 percentage points and a typical year strayed about 1.11 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 3.25 percentage points in 1993 and the biggest yearly fall was 1.73 percentage points in 1995. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 2% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

What this measures

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

Regional and income-group figures are computed by the World Bank as a weighted average.

All 61 values

Merchandise exports to low- and middle-income economies in East Asia & Pacific (% of total merchandise exports) in nearby economies

• Afghanistan — 3.04% (2023)
• Algeria — 4.84% (2023)
• Bahrain — 3.45% (2023)
• Djibouti — 2.53% (2023)
• Egypt, Arab Rep. — 2.97% (2023)
• Iran, Islamic Rep. — 31.11% (2023)
• Iraq

More private sector & trade data for Europe & Central Asia (excluding high income)

• Merchandise imports from economies in the Arab World (% of total merchandise imports) — 4.33% (2023)
• Merchandise imports from high-income economies (% of total merchandise imports) — 64.9% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 25.82% (2023)
• Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) — 1.79% (2023)
• Merchandise imports from low- and middle-income economies in Middle East & North Africa (% of total merchandise imports) — 2.27% (2023)

Reading data like this

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Questions people ask

What is Europe & Central Asia (excluding high income)'s merchandise exports to low- and middle-income economies in East Asia & Pacific (% of total merchandise exports)?

7.5% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1963?

It is up 7.47 percentage points from 0.03% in 1963. The highest value was 9.56% in 2013 and the lowest 0.03% in 1963.

Is the latest change in merchandise exports to low- and middle-income economies in East Asia & Pacific (% of total merchandise exports) unusual for Europe & Central Asia (excluding high income)?

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.R1.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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