Bermuda - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Bermuda was 55.42 as of 2020. Its highest value over the past 59 years was 99.08 in 2001, while its lowest value was 14.65 in 2018.

Definition: 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. 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.

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

See also:

Year Value
1961 50.76
1962 48.26
1963 69.35
1964 64.95
1965 68.01
1966 82.99
1967 84.22
1971 83.48
1972 76.35
1973 62.94
1974 54.04
1975 53.16
1976 47.74
1977 41.79
1978 38.55
1979 33.73
1980 38.36
1981 41.61
1982 78.06
1983 86.64
1984 86.31
1985 72.08
1986 81.19
1987 96.16
1988 96.45
1989 97.61
1990 98.97
1991 87.38
1992 94.48
1993 67.96
1994 98.51
1995 55.98
1996 50.58
1997 79.85
1998 67.00
1999 92.62
2000 98.31
2001 99.08
2002 95.31
2003 96.58
2004 96.48
2005 98.77
2006 74.54
2007 55.73
2008 98.55
2009 59.58
2010 89.39
2011 57.45
2012 39.58
2013 58.63
2014 70.33
2015 99.05
2016 72.48
2017 57.92
2018 14.65
2019 33.36
2020 55.42

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports