Trinidad and Tobago - Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in Trinidad and Tobago was 32.61 as of 2020. Its highest value over the past 60 years was 65.51 in 2016, while its lowest value was 3.31 in 1968.

Definition: Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 imports 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 5.10
1961 5.39
1962 5.97
1963 10.34
1964 10.86
1965 8.43
1966 7.21
1967 7.61
1968 3.31
1969 5.60
1970 8.17
1971 12.19
1972 19.14
1973 23.00
1974 35.86
1975 27.50
1976 32.20
1977 24.35
1978 20.80
1979 11.90
1980 10.44
1981 16.43
1982 18.52
1983 10.10
1984 10.46
1985 14.69
1986 7.32
1987 11.39
1988 16.32
1989 13.05
1990 17.10
1991 11.76
1992 11.02
1993 8.05
1994 13.53
1995 16.34
1996 18.89
1997 13.04
1998 17.98
1999 18.52
2000 23.67
2001 20.32
2002 26.49
2003 32.04
2004 28.04
2005 41.46
2006 47.11
2007 47.88
2008 50.36
2009 48.48
2010 51.02
2011 55.01
2012 48.89
2013 61.03
2014 58.75
2015 64.18
2016 65.51
2017 65.50
2018 51.18
2019 27.46
2020 32.61

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: Imports