The export market share is calculated by dividing the exports of the country by the total exports of the region/world (expressed as percentage in the database). The indicator measures the degree of importance of a country within the total exports of the region/world. For the calculation at current prices, the market share refers to the world trade (world export market share). Data on the values of exports of goods and services are compiled as part of the Balance of Payments of each country. The indicator is calculated as % of world total. Source of total world data used as denominator: International Monetary Fund (IMF).