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Definition
The calculation of indicator is a straightforward ratio of the value (current US dollar) of those developed countries duty free imports from least developed countries, compared with the total value of imports from these respective country groups. Imports and imported value of goods (merchandise) are goods that add to the stock of material resources of a country by entering its economic territory. Goods simply being transported through a country (goods in transit) or temporarily admitted (except for goods for inward processing) are not included. In many cases, a country's economic territory largely coincides with its customs territory, which is the territory in which the customs laws of a country apply in full.

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Related Variables

Manufactured goods classified chiefly by material (Imports SITC 6), million $ Crude materials, inedible, except fuels (Imports SITC 2), % Commodities and transactions not classified elsewhere in the SITC (Exports SITC 9), million $ Mineral fuels, lubricants and related materials (Exports SITC 3), million $

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