Cuba: Merchandise imports by the reporting economy, residual (% of total merchandise imports)
In , Cuba's Merchandise imports by the reporting economy, residual (% of total merchandise imports) was 2.49.
That's down 3.2% from 2022, the highest value since .
The global average for this indicator in 2023 was 0.08 . Cuba ranks #2 globally out of 205 reporting countries. Within Latin America & Caribbean, it ranks #2 of 36.
Source: World Bank Open Data (TM.VAL.MRCH.RS.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 25.14
- Trough
- 2.01
- 1-year change
- -3.2%
- 5-year change
- -89.3%
- -36.0% / yr
- 10-year change
- -84.5%
- -17.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports by the reporting economy, residual (% of total merchandise imports) |
|---|---|
| 2.4857 | |
| 2.5672 | |
| 14.8812 | |
| 14.7568 | |
| 17.9738 | |
| 23.1555 | |
| 17.5892 | |
| 15.5653 | |
| 15.3857 | |
| 16.8592 |
About Merchandise imports by the reporting economy, residual (% of total merchandise imports)
Merchandise imports by the reporting economy residuals are the total merchandise imports by the reporting economy from the rest of the world as reported in the IMF's Direction of trade database, less the sum of imports by the reporting economy from high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise imports by the economy.
Indicator code: TM.VAL.MRCH.RS.ZS • Category: Trade & Finance
Frequently asked questions
- What was Cuba's Merchandise imports by the reporting economy, residual (% of total merchandise imports) in 2023?
- In 2023, Cuba's Merchandise imports by the reporting economy, residual (% of total merchandise imports) was 2.49, according to World Bank Open Data.
- Is Cuba's Merchandise imports by the reporting economy, residual (% of total merchandise imports) rising or falling?
- Cuba's Merchandise imports by the reporting economy, residual (% of total merchandise imports) fell 3.2% from 2022 to 2023.
- How does Cuba rank globally on Merchandise imports by the reporting economy, residual (% of total merchandise imports)?
- In 2023, Cuba ranked #2 out of 205 countries reporting Merchandise imports by the reporting economy, residual (% of total merchandise imports).
- How does Cuba's Merchandise imports by the reporting economy, residual (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports by the reporting economy, residual (% of total merchandise imports) in 2023 was 0.08, so Cuba is above the world average. Within Latin America & Caribbean, it ranks #2 of 36.
- What is Merchandise imports by the reporting economy, residual (% of total merchandise imports) and how is it measured?
- Merchandise imports by the reporting economy residuals are the total merchandise imports by the reporting economy from the rest of the world as reported in the IMF's Direction of trade database, less the sum of imports by the reporting economy from high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise imports by the economy.
Source: World Bank Open Data (TM.VAL.MRCH.RS.ZS), CC BY 4.0.