Caribbean small states - Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in Caribbean small states was 19.91 as of 2020. Its highest value over the past 60 years was 35.39 in 2015, while its lowest value was 2.08 in 1968.

Definition: Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 imports 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 2.91
1961 3.87
1962 3.72
1963 5.51
1964 5.36
1965 4.72
1966 3.91
1967 3.53
1968 2.08
1969 2.63
1970 5.45
1971 15.18
1972 16.50
1973 22.77
1974 30.22
1975 28.22
1976 25.72
1977 30.09
1978 29.21
1979 23.99
1980 6.75
1981 19.48
1982 14.41
1983 20.77
1984 31.20
1985 29.81
1986 24.86
1987 16.77
1988 11.67
1989 9.05
1990 6.20
1991 5.63
1992 6.77
1993 4.13
1994 7.09
1995 8.83
1996 8.81
1997 5.69
1998 7.97
1999 8.04
2000 7.92
2001 8.74
2002 10.86
2003 12.92
2004 12.93
2005 16.76
2006 18.47
2007 20.48
2008 21.75
2009 21.18
2010 21.14
2011 24.69
2012 24.98
2013 30.91
2014 28.89
2015 35.39
2016 34.90
2017 31.79
2018 21.74
2019 18.97
2020 19.91

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: Imports