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

Merchandise exports to high-income economies (% of total merchandise exports) in Barbados was 40.45 as of 2020. Its highest value over the past 59 years was 79.20 in 1961, while its lowest value was 29.52 in 2000.

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 79.20
1962 74.33
1963 69.61
1964 70.45
1965 64.80
1966 63.87
1967 66.13
1968 67.21
1970 69.45
1971 62.75
1972 62.82
1973 67.82
1974 55.48
1975 72.27
1976 67.78
1977 69.72
1978 61.88
1979 72.40
1980 71.28
1981 70.72
1982 66.94
1983 73.04
1984 72.05
1985 67.51
1986 69.74
1987 59.40
1988 58.85
1989 53.82
1990 46.43
1991 49.98
1992 67.05
1993 70.40
1994 70.54
1995 56.93
1996 51.45
1997 52.51
1998 55.75
1999 56.76
2000 29.52
2001 52.18
2002 52.93
2003 65.15
2004 65.70
2005 63.50
2006 69.64
2007 66.32
2008 65.47
2009 62.31
2010 64.76
2011 70.01
2012 75.24
2013 64.57
2014 64.66
2015 68.78
2016 67.46
2017 53.83
2018 48.20
2019 51.11
2020 40.45

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