Merchandise imports by the reporting economy (current US$) in Low & middle income
Low & middle income: Merchandise imports by the reporting economy (current US$) was 7.44 trillion current US$ in 2023. ◆ Volatile
Latest (2023)
7.44 trillion current US$
Change on year
down 4.5%
Rank
8th
of 47 groups
All-time high
7.80 trillion current US$
in 2022
All-time low
18.08 billion current US$
in 1962
Years of data
64
1960–2023
Merchandise imports by the reporting economy in Low & middle income, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for merchandise imports by the reporting economy in Low & middle income is 7.44 trillion current US$, measured in 2023.
The figure is down 4.5% on the previous year and up 33.2% over ten years.
Over the whole period, merchandise imports by the reporting economy in Low & middle income peaked at 7.80 trillion current US$ in 2022 and was at its lowest, 18.08 billion current US$, in 1962.
That places Low & middle income 8th out of 47 groups with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$) in Low & middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 18.81 billion current US$ | — |
| 1961 | 19.54 billion current US$ | +3.9% |
| 1962 | 18.08 billion current US$ | -7.5% |
| 1963 | 19.15 billion current US$ | +5.9% |
| 1964 | 22.19 billion current US$ | +15.9% |
| 1965 | 22.93 billion current US$ | +3.3% |
| 1966 | 24.93 billion current US$ | +8.7% |
| 1967 | 26.70 billion current US$ | +7.1% |
| 1968 | 28.84 billion current US$ | +8.0% |
| 1969 | 30.02 billion current US$ | +4.1% |
| 1970 | 32.66 billion current US$ | +8.8% |
| 1971 | 35.93 billion current US$ | +10.0% |
| 1972 | 40.45 billion current US$ | +12.6% |
| 1973 | 58.60 billion current US$ | +44.9% |
| 1974 | 95.55 billion current US$ | +63.0% |
| 1975 | 118.46 billion current US$ | +24.0% |
| 1976 | 121.74 billion current US$ | +2.8% |
| 1977 | 143.42 billion current US$ | +17.8% |
| 1978 | 166.52 billion current US$ | +16.1% |
| 1979 | 188.35 billion current US$ | +13.1% |
| 1980 | 236.43 billion current US$ | +25.5% |
| 1981 | 308.24 billion current US$ | +30.4% |
| 1982 | 279.88 billion current US$ | -9.2% |
| 1983 | 250.41 billion current US$ | -10.5% |
| 1984 | 246.78 billion current US$ | -1.4% |
| 1985 | 250.97 billion current US$ | +1.7% |
| 1986 | 242.21 billion current US$ | -3.5% |
| 1987 | 263.10 billion current US$ | +8.6% |
| 1988 | 306.24 billion current US$ | +16.4% |
| 1989 | 336.89 billion current US$ | +10.0% |
| 1990 | 398.50 billion current US$ | +18.3% |
| 1991 | 451.53 billion current US$ | +13.3% |
| 1992 | 538.08 billion current US$ | +19.2% |
| 1993 | 592.68 billion current US$ | +10.1% |
| 1994 | 667.89 billion current US$ | +12.7% |
| 1995 | 804.37 billion current US$ | +20.4% |
| 1996 | 872.22 billion current US$ | +8.4% |
| 1997 | 947.36 billion current US$ | +8.6% |
| 1998 | 928.53 billion current US$ | -2.0% |
| 1999 | 951.07 billion current US$ | +2.4% |
| 2000 | 1.13 trillion current US$ | +18.6% |
| 2001 | 1.12 trillion current US$ | -0.3% |
| 2002 | 1.19 trillion current US$ | +5.9% |
| 2003 | 1.42 trillion current US$ | +19.3% |
| 2004 | 1.84 trillion current US$ | +29.2% |
| 2005 | 2.15 trillion current US$ | +17.2% |
| 2006 | 2.59 trillion current US$ | +20.2% |
| 2007 | 3.19 trillion current US$ | +23.5% |
| 2008 | 4.01 trillion current US$ | +25.5% |
| 2009 | 3.25 trillion current US$ | -18.9% |
| 2010 | 4.22 trillion current US$ | +30.1% |
| 2011 | 5.21 trillion current US$ | +23.4% |
| 2012 | 5.42 trillion current US$ | +4.0% |
| 2013 | 5.59 trillion current US$ | +3.1% |
| 2014 | 5.59 trillion current US$ | -0.1% |
| 2015 | 4.77 trillion current US$ | -14.6% |
| 2016 | 4.55 trillion current US$ | -4.6% |
| 2017 | 5.23 trillion current US$ | +15.0% |
| 2018 | 5.89 trillion current US$ | +12.7% |
| 2019 | 5.74 trillion current US$ | -2.6% |
| 2020 | 5.23 trillion current US$ | -8.8% |
| 2021 | 6.89 trillion current US$ | +31.7% |
| 2022 | 7.80 trillion current US$ | +13.1% |
| 2023 | 7.44 trillion current US$ | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 23.12 billion current US$ | 18.08 billion current US$ | 30.02 billion current US$ | 10 |
| 1970s | 100.17 billion current US$ | 32.66 billion current US$ | 188.35 billion current US$ | 10 |
| 1980s | 272.12 billion current US$ | 236.43 billion current US$ | 336.89 billion current US$ | 10 |
| 1990s | 715.22 billion current US$ | 398.50 billion current US$ | 951.07 billion current US$ | 10 |
| 2000s | 2.19 trillion current US$ | 1.12 trillion current US$ | 4.01 trillion current US$ | 10 |
| 2010s | 5.22 trillion current US$ | 4.22 trillion current US$ | 5.89 trillion current US$ | 10 |
| 2020s | 6.84 trillion current US$ | 5.23 trillion current US$ | 7.80 trillion current US$ | 4 |
Countries ranked near Low & middle income
- 5 Japan 785.51 billion current US$ compare
- 6 France 783.36 billion current US$ compare
- 7 United Kingdom 721.75 billion current US$ compare
- 8 India 666.53 billion current US$ compare
- 9 Hong Kong 655.42 billion current US$ compare
- 10 South Korea 640.41 billion current US$ compare
- 11 Italy 634.52 billion current US$ compare
More private sector data for Low & middle income
- Merchandise trade 41.5% (2025)
- Food imports 8.4% (2025)
- Manufactures imports 59.9% (2025)
- Merchandise imports 8.33 trillion current US$ (2025)
- Commercial service imports 1.91 trillion current US$ (2025)
- Food exports 9.5% (2025)
- Manufactures exports 74.2% (2025)
- Merchandise exports 8.84 trillion current US$ (2025)
- Commercial service exports 1.80 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 1,301 current US$ per person (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy in Low & middle income?
- Merchandise imports by the reporting economy in Low & middle income was 7.44 trillion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy recorded in Low & middle income?
- The highest recorded value was 7.80 trillion current US$ in 2022.
- What is the lowest merchandise imports by the reporting economy recorded in Low & middle income?
- The lowest recorded value was 18.08 billion current US$ in 1962.
- How does Low & middle income rank for merchandise imports by the reporting economy?
- Low & middle income ranks 8th out of 47 groups with data for 2023.
- Is merchandise imports by the reporting economy rising or falling in Low & middle income?
- Over the last ten years it is up 33.2%. The long-run trend across the full record is volatile.
- Where does this Low & middle income data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise imports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.