Trinidad and Tobago - 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 Trinidad and Tobago was 35.86 as of 2020. Its highest value over the past 60 years was 43.52 in 2018, while its lowest value was 3.46 in 1964.

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
1960 5.92
1961 4.67
1962 5.81
1963 4.47
1964 3.46
1965 3.66
1966 4.52
1967 4.88
1968 6.14
1969 7.92
1970 8.35
1971 11.31
1972 11.66
1973 11.00
1974 8.24
1975 11.40
1976 10.47
1977 9.96
1978 10.92
1979 12.43
1980 13.35
1981 15.83
1982 20.27
1983 13.89
1984 11.87
1985 10.30
1986 7.54
1987 10.72
1988 13.19
1989 13.53
1990 13.23
1991 15.12
1992 18.63
1993 23.12
1994 21.58
1995 25.13
1996 29.59
1997 31.21
1998 33.34
1999 30.92
2000 28.44
2001 26.87
2002 24.51
2003 33.06
2004 26.01
2005 33.34
2006 29.55
2007 30.36
2008 35.56
2009 30.50
2010 37.36
2011 34.77
2012 31.38
2013 37.82
2014 35.06
2015 40.12
2016 40.14
2017 39.35
2018 43.52
2019 22.73
2020 35.86

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