Guinea-Bissau - 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 Guinea-Bissau was 67.85 as of 2020. Its highest value over the past 50 years was 91.08 in 2012, while its lowest value was 1.21 in 1979.

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
1970 3.13
1974 2.96
1975 5.28
1976 3.97
1977 20.55
1979 1.21
1980 7.47
1981 9.51
1982 2.85
1983 12.14
1984 10.85
1985 20.07
1986 27.79
1987 6.99
1988 28.81
1989 15.20
1990 37.82
1991 65.77
1992 21.29
1993 25.51
1994 42.86
1995 42.19
1996 17.30
1997 54.98
1998 40.76
1999 52.24
2000 13.26
2001 70.42
2002 68.58
2003 34.59
2004 62.46
2005 50.72
2006 30.85
2007 89.20
2008 84.76
2009 80.76
2010 89.65
2011 87.35
2012 91.08
2013 60.31
2014 86.59
2015 80.97
2016 87.08
2017 89.29
2018 81.27
2019 55.37
2020 67.85

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