Bermuda - 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 Bermuda was 44.55 as of 2020. Its highest value over the past 59 years was 85.35 in 2018, while its lowest value was 0.00 in 1995.

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 15.27
1962 18.53
1963 14.55
1964 19.84
1965 21.76
1966 7.85
1967 5.98
1971 8.14
1972 11.95
1973 16.92
1974 12.53
1975 15.00
1976 15.07
1977 30.57
1978 18.95
1979 9.38
1980 15.76
1981 16.14
1982 17.00
1983 9.57
1984 11.33
1985 12.48
1986 16.85
1987 3.40
1988 0.78
1989 0.68
1990 0.13
1991 0.35
1992 4.14
1993 31.60
1994 0.69
1995 0.00
1996 38.61
1997 8.51
1998 10.14
1999 1.89
2000 1.56
2001 0.84
2002 4.59
2003 3.35
2004 3.38
2005 1.08
2006 22.95
2007 43.44
2008 1.37
2009 38.96
2010 10.06
2011 41.05
2012 57.76
2013 40.17
2014 28.60
2015 0.84
2016 25.50
2017 42.06
2018 85.35
2019 66.63
2020 44.55

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