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

Merchandise exports to high-income economies (% of total merchandise exports) in Dominica was 58.45 as of 2020. Its highest value over the past 44 years was 84.82 in 1976, while its lowest value was 46.87 in 2009.

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
1976 84.82
1977 84.62
1978 82.78
1979 75.71
1980 50.82
1981 79.97
1982 60.38
1983 65.22
1984 75.23
1985 71.03
1986 76.95
1987 84.53
1988 83.02
1989 77.11
1990 79.39
1991 80.89
1992 77.43
1993 74.31
1994 72.10
1995 69.63
1996 65.30
1997 63.05
1998 56.08
1999 62.04
2000 58.48
2001 55.12
2002 58.34
2003 56.53
2004 55.66
2005 60.58
2006 61.41
2007 54.57
2008 70.36
2009 46.87
2010 63.29
2011 54.95
2012 61.09
2013 58.56
2014 64.25
2015 61.28
2016 71.77
2017 75.52
2018 56.51
2019 71.64
2020 58.45

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