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

Merchandise exports to high-income economies (% of total merchandise exports) in Cuba was 54.27 as of 2020. Its highest value over the past 39 years was 66.69 in 2004, while its lowest value was 33.96 in 2006.

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
1981 55.42
1982 53.09
1983 54.98
1984 56.96
1985 54.47
1986 52.53
1987 50.66
1988 46.01
1989 46.04
1990 46.57
1991 60.39
1992 58.15
1993 42.89
1994 45.06
1995 53.75
1996 47.41
1997 52.53
1998 54.34
1999 55.65
2000 63.94
2001 60.88
2002 59.81
2003 64.61
2004 66.69
2005 65.10
2006 33.96
2007 35.73
2008 39.80
2009 48.95
2010 41.56
2011 48.79
2012 48.43
2013 54.98
2014 35.35
2015 37.31
2016 39.80
2017 44.86
2018 46.30
2019 46.77
2020 54.27

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