Dominica - Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)

Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in Dominica was 30.20 as of 2020. Its highest value over the past 44 years was 45.60 in 1980, while its lowest value was 9.26 in 1977.

Definition: Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1976 9.71
1977 9.26
1978 11.24
1979 17.20
1980 45.60
1981 20.03
1982 38.99
1983 34.16
1984 23.98
1985 27.12
1986 21.45
1987 14.68
1988 15.89
1989 21.44
1990 18.03
1991 16.28
1992 18.32
1993 18.95
1994 24.81
1995 27.77
1996 32.81
1997 32.50
1998 38.93
1999 34.94
2000 33.53
2001 35.74
2002 33.51
2003 36.51
2004 34.42
2005 30.38
2006 29.82
2007 26.46
2008 21.80
2009 14.35
2010 22.59
2011 36.01
2012 20.93
2013 30.76
2014 25.43
2015 26.30
2016 23.59
2017 19.49
2018 29.68
2019 22.09
2020 30.20

Development Relevance: The relative importance of intraregional trade is higher for both landlocked countries and small countries with close trade links to the largest regional economy. For most low- and middle-income economies - especially smaller ones - there is a "geographic bias" favoring intraregional trade. Despite the broad trend toward globalization and the reduction of trade barriers, the relative share of intraregional trade increased for most economies between 1999 and 2010. This is due partly to trade-related advantages, such as proximity, lower transport costs, increased knowledge from repeated interaction, and cultural and historical affinity. The direction of trade is also influenced by preferential trade agreements that a country has made with other economies. Though formal agreements on trade liberalization do not automatically increase trade, they nevertheless affect the direction of trade between the participating 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