St. Vincent and the Grenadines - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in St. Vincent and the Grenadines was 21.67 as of 2020. Its highest value over the past 43 years was 96.31 in 1977, while its lowest value was 20.63 in 2018.

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
1977 96.31
1978 91.19
1979 89.33
1980 92.40
1981 90.35
1982 83.90
1983 87.52
1984 90.36
1985 91.37
1986 90.54
1987 85.86
1988 89.77
1989 86.27
1990 87.07
1991 82.86
1992 80.21
1993 76.13
1994 73.27
1995 68.88
1996 77.40
1997 71.12
1998 77.17
1999 77.57
2000 76.30
2001 73.89
2002 76.90
2003 79.24
2004 86.82
2005 71.78
2006 73.33
2007 59.11
2008 60.24
2009 72.01
2010 38.15
2011 57.80
2012 62.80
2013 65.52
2014 72.89
2015 65.30
2016 68.56
2017 31.42
2018 20.63
2019 23.41
2020 21.67

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