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

Merchandise exports to high-income economies (% of total merchandise exports) in Dominican Republic was 74.80 as of 2020. Its highest value over the past 60 years was 98.11 in 1962, while its lowest value was 15.45 in 1994.

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
1960 94.10
1961 97.17
1962 98.11
1963 95.60
1964 94.16
1965 94.74
1966 96.52
1967 96.25
1968 97.05
1969 96.05
1970 94.19
1971 90.48
1972 89.36
1973 85.62
1974 92.76
1975 88.18
1976 93.22
1977 92.75
1978 84.36
1979 89.63
1980 84.05
1981 85.92
1982 76.39
1983 86.71
1984 91.61
1985 87.29
1986 91.07
1987 84.77
1988 84.11
1989 88.11
1990 91.84
1991 92.48
1992 88.33
1993 76.96
1994 15.45
1995 17.84
1996 15.65
1997 93.25
1998 96.89
1999 96.86
2000 95.54
2001 96.78
2002 93.39
2003 92.95
2004 92.97
2005 88.92
2006 84.81
2007 78.94
2008 73.81
2009 72.43
2010 67.56
2011 63.61
2012 62.60
2013 68.72
2014 71.02
2015 69.12
2016 72.46
2017 71.58
2018 71.02
2019 70.80
2020 74.80

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