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Economy > Trade > Exports > Merchandise Stats: compare key data on Iceland & Venezuela

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Definitions

  • Exports > Current US$: Merchandise exports show the f.o.b. value of goods provided to the rest of the world valued in current U.S. dollars.
  • Exports by the reporting economy > Current US$: Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$."
  • Exports by the reporting economy > Residual > % of total merchandise > Exports: Merchandise exports by the reporting economy residuals are the total merchandise exports by the reporting economy to the rest of the world as reported in the IMF's Direction of trade database, less the sum of exports by the reporting economy to high-, low-, and middle-income economies according to the World Bank classification of economies as of July 1, 2009. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise exports by the economy."
  • Exports to high-income economies > % of total merchandise > Exports: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies as of July 1, 2009. Data are expressed 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."
  • Exports to third world economies in Europe and Central Asia > % of total merchandise exp: Merchandise exports to third world economies in Europe and Central Asia are the sum of merchandise exports from the reporting economy to third world economies in the Europe and Central Asia region according to World Bank classification of economies as of July 1, 2009. 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."
  • Exports to third world economies in Latin America and the Caribbean > % of total merchan: Merchandise exports to third world economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to third world economies in the Latin America and the Caribbean region according to World Bank classification of economies as of July 1, 2009. 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."
  • Exports to third world economies in Middle East and North Africa > % of total merchandis: Merchandise exports to third world economies in Middle East and North Africa are the sum of merchandise exports from the reporting economy to third world economies in the Middle East and North Africa region according to World Bank classification of economies as of July 1, 2009. 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."
  • Exports to third world economies in South Asia > % of total merchandise > Exports: Merchandise exports to third world economies in South Asia are the sum of merchandise exports from the reporting economy to third world economies in the South Asia region according to World Bank classification of economies as of July 1, 2009. 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."
  • Exports to third world economies in Sub-Saharan Africa > % of total merchandise > Exports: Merchandise exports to third world economies in Sub-Saharan Africa are the sum of merchandise exports from the reporting economy to third world economies in the Sub-Saharan Africa region according to World Bank classification of economies as of July 1, 2009. 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."
  • Exports to third world economies outside region > % of total merchandise > Exports: Merchandise exports to third world economies outside region are the sum of merchandise exports from the reporting economy to other third world economies in other World Bank regions according to the World Bank classification of economies as of July 1, 2009. Data are expressed 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."
STAT Iceland Venezuela HISTORY
Exports > Current US$ $4.03 billion
Ranked 99th.
$57.59 billion
Ranked 36th. 14 times more than Iceland

Exports by the reporting economy > Current US$ $4.06 billion
Ranked 95th.
$57.59 billion
Ranked 35th. 14 times more than Iceland

Exports by the reporting economy > Residual > % of total merchandise > Exports 0.0
Ranked 164th.
21.49%
Ranked 22nd.

Exports to high-income economies > % of total merchandise > Exports 91.97%
Ranked 10th. 64% more than Venezuela
55.96%
Ranked 113th.

Exports to third world economies in Europe and Central Asia > % of total merchandise exp 2.84%
Ranked 62nd. 284 times more than Venezuela
0.01%
Ranked 120th.

Exports to third world economies in Latin America and the Caribbean > % of total merchan 0.31%
Ranked 113th.
12.01%
Ranked 29th. 39 times more than Iceland

Exports to third world economies in Middle East and North Africa > % of total merchandis 0.13%
Ranked 129th.
0.18%
Ranked 121st. 38% more than Iceland

Exports to third world economies in South Asia > % of total merchandise > Exports 0.03%
Ranked 157th.
3.96%
Ranked 43th. 132 times more than Iceland

Exports to third world economies in Sub-Saharan Africa > % of total merchandise > Exports 2.13%
Ranked 61st. 36 times more than Venezuela
0.06%
Ranked 140th.

Exports to third world economies outside region > % of total merchandise > Exports 8.03%
Ranked 112th.
10.54%
Ranked 103th. 31% more than Iceland

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

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