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

Merchandise exports to high-income economies (% of total merchandise exports) in Cyprus was 53.64 as of 2020. Its highest value over the past 60 years was 90.07 in 1960, while its lowest value was 42.08 in 1996.

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 90.07
1961 89.18
1962 89.04
1963 87.44
1964 89.86
1965 84.09
1966 82.10
1967 81.83
1968 85.76
1969 84.76
1970 82.14
1971 83.07
1972 76.92
1973 77.65
1974 71.52
1975 62.58
1976 55.51
1977 65.82
1978 58.95
1979 56.03
1980 50.70
1981 49.81
1982 50.04
1983 51.00
1984 48.74
1985 47.84
1986 57.37
1987 60.94
1988 61.29
1989 61.43
1990 59.55
1991 56.79
1992 54.78
1993 52.58
1994 50.24
1995 49.14
1996 42.08
1997 44.79
1998 54.30
1999 61.49
2000 77.40
2001 74.64
2002 74.89
2003 75.67
2004 77.57
2005 71.47
2006 66.75
2007 67.97
2008 62.80
2009 65.42
2010 65.28
2011 64.19
2012 61.10
2013 63.15
2014 63.75
2015 59.06
2016 60.45
2017 55.17
2018 43.63
2019 58.00
2020 53.64

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