Caribbean small states - Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in Caribbean small states was 24.60 as of 2020. Its highest value over the past 60 years was 34.77 in 2013, while its lowest value was 1.86 in 1964.

Definition: Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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 3.23
1961 3.46
1962 3.67
1963 2.51
1964 1.86
1965 1.86
1966 2.33
1967 2.37
1968 3.02
1969 3.56
1970 4.22
1971 4.69
1972 4.34
1973 4.59
1974 5.53
1975 7.64
1976 4.33
1977 3.97
1978 4.07
1979 5.60
1980 7.67
1981 7.33
1982 7.22
1983 4.99
1984 4.07
1985 5.37
1986 2.68
1987 3.64
1988 4.07
1989 4.39
1990 6.64
1991 7.56
1992 8.62
1993 8.41
1994 11.27
1995 13.97
1996 14.38
1997 16.13
1998 17.40
1999 17.05
2000 16.38
2001 18.27
2002 16.17
2003 24.62
2004 20.43
2005 27.25
2006 25.73
2007 24.99
2008 29.45
2009 24.02
2010 29.35
2011 27.60
2012 23.99
2013 34.77
2014 32.45
2015 30.40
2016 24.88
2017 25.31
2018 30.46
2019 18.70
2020 24.60

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

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