Cuba - 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 Cuba was 16.66 as of 2020. Its highest value over the past 39 years was 53.67 in 1993, while its lowest value was 9.04 in 2005.

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
1981 33.98
1982 38.44
1983 37.09
1984 26.15
1985 17.99
1986 14.06
1987 15.29
1988 23.55
1989 20.74
1990 37.65
1991 29.35
1992 35.65
1993 53.67
1994 43.95
1995 39.80
1996 45.84
1997 41.43
1998 39.89
1999 35.69
2000 26.79
2001 30.74
2002 31.21
2003 16.75
2004 11.34
2005 9.04
2006 13.38
2007 15.49
2008 14.68
2009 11.46
2010 14.27
2011 11.29
2012 12.33
2013 13.54
2014 37.81
2015 33.90
2016 31.27
2017 24.86
2018 18.48
2019 20.49
2020 16.66

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