Cuba - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Cuba was 50.94 as of 2020. Its highest value over the past 39 years was 78.93 in 1981, while its lowest value was 38.21 in 1989.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies 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
1981 78.93
1982 75.29
1983 68.66
1984 61.50
1985 51.56
1986 57.70
1987 57.60
1988 44.71
1989 38.21
1990 49.13
1991 48.99
1992 55.91
1993 48.49
1994 46.23
1995 49.46
1996 47.82
1997 64.66
1998 61.73
1999 65.39
2000 51.41
2001 49.90
2002 52.12
2003 54.54
2004 48.06
2005 42.45
2006 56.24
2007 59.10
2008 56.49
2009 52.07
2010 49.84
2011 51.80
2012 50.75
2013 48.67
2014 49.47
2015 43.80
2016 42.35
2017 46.20
2018 47.97
2019 51.85
2020 50.94

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.

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