Caribbean small states - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Caribbean small states was 68.31 as of 2020. Its highest value over the past 60 years was 91.44 in 1986, while its lowest value was 62.87 in 2013.

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
1960 82.93
1961 81.80
1962 81.50
1963 84.21
1964 84.91
1965 84.75
1966 82.82
1967 83.46
1968 84.33
1969 82.89
1970 85.32
1971 86.81
1972 86.18
1973 86.66
1974 87.95
1975 85.53
1976 90.57
1977 89.56
1978 89.41
1979 88.01
1980 83.89
1981 88.13
1982 86.43
1983 89.22
1984 89.15
1985 88.28
1986 91.44
1987 90.71
1988 89.32
1989 88.74
1990 83.38
1991 82.22
1992 81.37
1993 80.64
1994 75.69
1995 71.94
1996 78.02
1997 76.42
1998 75.28
1999 77.90
2000 77.99
2001 76.33
2002 78.97
2003 72.30
2004 77.11
2005 70.30
2006 72.34
2007 72.88
2008 67.59
2009 72.84
2010 67.63
2011 69.80
2012 73.27
2013 62.87
2014 64.55
2015 66.62
2016 70.13
2017 67.28
2018 64.15
2019 77.18
2020 68.31

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