Trinidad and Tobago - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Trinidad and Tobago was 62.36 as of 2020. Its highest value over the past 60 years was 85.48 in 1986, while its lowest value was 52.90 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
1960 71.89
1961 71.96
1962 74.38
1963 76.72
1964 78.20
1965 78.15
1966 74.10
1967 77.86
1968 78.21
1969 79.56
1970 78.18
1971 76.98
1972 74.66
1973 77.59
1974 84.81
1975 80.37
1976 81.66
1977 80.94
1978 80.31
1979 78.39
1980 76.73
1981 77.57
1982 72.29
1983 78.64
1984 80.67
1985 83.92
1986 85.48
1987 81.14
1988 76.88
1989 75.03
1990 74.03
1991 70.24
1992 64.72
1993 64.51
1994 58.47
1995 53.67
1996 65.66
1997 65.66
1998 60.58
1999 66.72
2000 69.42
2001 68.98
2002 72.13
2003 65.45
2004 73.44
2005 65.76
2006 69.75
2007 68.91
2008 62.74
2009 68.39
2010 61.37
2011 64.36
2012 68.47
2013 61.60
2014 64.68
2015 59.33
2016 55.54
2017 56.27
2018 52.90
2019 76.71
2020 62.36

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