Barbados - 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 Barbados was 34.78 as of 2020. Its highest value over the past 59 years was 52.56 in 2000, while its lowest value was 1.14 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
1961 18.00
1962 1.15
1963 1.23
1964 1.14
1965 1.33
1966 3.03
1967 1.73
1968 1.64
1970 2.45
1971 3.59
1972 5.28
1973 7.47
1974 11.43
1975 6.35
1976 7.98
1977 5.28
1978 7.74
1979 4.36
1980 5.15
1981 14.71
1982 6.52
1983 5.97
1984 8.17
1985 12.94
1986 8.24
1987 13.36
1988 14.55
1989 17.92
1990 13.92
1991 18.90
1992 19.99
1993 27.95
1994 28.08
1995 23.76
1996 25.67
1997 24.59
1998 27.53
1999 27.16
2000 52.56
2001 28.20
2002 27.70
2003 32.92
2004 31.88
2005 33.56
2006 27.76
2007 29.89
2008 28.40
2009 31.99
2010 31.18
2011 28.55
2012 23.38
2013 33.92
2014 33.89
2015 29.96
2016 31.26
2017 24.40
2018 25.89
2019 31.31
2020 34.78

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