Cuba - 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 Cuba was 24.78 as of 2020. Its highest value over the past 39 years was 37.49 in 2016, while its lowest value was 4.34 in 1986.

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
1981 4.40
1982 8.04
1983 7.03
1984 4.85
1985 4.70
1986 4.34
1987 5.30
1988 7.26
1989 8.59
1990 12.04
1991 12.69
1992 18.38
1993 25.42
1994 28.20
1995 21.54
1996 25.07
1997 23.57
1998 14.05
1999 17.27
2000 14.91
2001 16.47
2002 17.91
2003 17.49
2004 17.50
2005 20.01
2006 28.65
2007 27.28
2008 25.69
2009 29.97
2010 29.36
2011 26.33
2012 27.36
2013 31.22
2014 28.77
2015 36.99
2016 37.49
2017 32.59
2018 28.86
2019 24.46
2020 24.78

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: Imports