Cyprus - 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 Cyprus was 39.42 as of 2020. Its highest value over the past 60 years was 46.03 in 1996, while its lowest value was 4.49 in 1961.

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
1960 5.62
1961 4.49
1962 4.52
1963 5.06
1964 4.72
1965 5.99
1966 5.12
1967 5.24
1968 4.90
1969 5.14
1970 6.39
1971 7.81
1972 9.66
1973 8.97
1974 15.34
1975 27.75
1976 34.46
1977 23.89
1978 30.05
1979 31.12
1980 33.41
1981 34.00
1982 32.03
1983 29.59
1984 35.35
1985 31.74
1986 25.08
1987 26.19
1988 24.65
1989 19.74
1990 20.76
1991 27.69
1992 30.49
1993 31.76
1994 37.75
1995 39.02
1996 46.03
1997 44.30
1998 33.76
1999 29.32
2000 21.71
2001 21.56
2002 24.73
2003 22.03
2004 14.68
2005 11.52
2006 13.26
2007 15.20
2008 16.13
2009 19.26
2010 19.32
2011 16.00
2012 19.33
2013 20.07
2014 25.41
2015 24.87
2016 27.71
2017 32.15
2018 28.41
2019 28.64
2020 39.42

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