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

Merchandise exports to high-income economies (% of total merchandise exports) in Belize was 78.76 as of 2020. Its highest value over the past 57 years was 96.94 in 1981, while its lowest value was 41.98 in 1970.

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
1963 87.36
1964 85.65
1965 83.89
1966 76.61
1967 78.79
1968 77.63
1969 72.34
1970 41.98
1971 75.55
1972 93.84
1973 90.79
1974 92.01
1975 81.26
1976 70.44
1977 74.97
1978 52.98
1979 69.91
1981 96.94
1982 66.85
1983 82.03
1984 80.46
1985 74.58
1986 86.28
1987 86.29
1988 81.71
1989 77.50
1990 81.38
1991 91.93
1992 91.62
1993 88.02
1994 89.39
1995 94.76
1996 94.13
1997 91.85
1998 82.27
1999 95.06
2000 95.79
2001 94.89
2002 93.74
2003 90.99
2004 91.34
2005 89.27
2006 80.74
2007 79.04
2008 77.07
2009 91.27
2010 87.23
2011 83.58
2012 83.60
2013 78.09
2014 81.81
2015 87.78
2016 89.47
2017 88.12
2018 86.32
2019 85.81
2020 78.76

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