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

Merchandise exports to high-income economies (% of total merchandise exports) in Grenada was 69.43 as of 2020. Its highest value over the past 47 years was 95.38 in 1974, while its lowest value was 44.42 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
1973 83.72
1974 95.38
1975 91.71
1976 91.43
1977 85.94
1978 87.23
1979 77.20
1980 75.06
1981 81.33
1982 81.06
1983 84.56
1984 94.44
1985 93.68
1986 94.00
1987 85.38
1988 88.55
1989 89.78
1990 87.12
1991 88.70
1992 81.10
1993 81.95
1994 76.96
1995 80.43
1996 70.95
1997 76.73
1998 79.08
1999 86.26
2000 88.25
2001 82.50
2002 80.19
2003 79.89
2004 77.24
2005 71.37
2006 64.51
2007 73.43
2008 66.09
2009 44.42
2010 66.22
2011 59.22
2012 64.23
2013 77.79
2014 76.46
2015 69.05
2016 71.21
2017 68.31
2018 71.00
2019 69.40
2020 69.43

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