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Latin America & Caribbean Trade Summary

1994

Latin America & Caribbean exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR LATIN AMERICA & CARIBBEAN 1994

Overall Exports and Imports for Latin America & Caribbean 1994

Exports and imports of Latin America & Caribbean in 1994 are below, along with number of countries and products

  • The total value of exports (FoB) was 177,053 million.
  • The total value of imports (CIF) was 195,946 million.
  • At the HS6 digit level, 4,939 products were exported to 211 countries and 5,012 products were imported from 213 countries.

Latin America & Caribbean top 5 Export and Import partners 1994

Top five countries to which Latin America & Caribbean exported in 1994 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 81,717 million, with a partner share of 46.15 percent.
  2. Latin America & Caribbean exports to Japan worth US$ 7,179 million, with a partner share of 4.05 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 6,398 million, with a partner share of 3.61 percent.
  4. Latin America & Caribbean exports to Netherlands worth US$ 6,122 million, with a partner share of 3.46 percent.
  5. Latin America & Caribbean exports to Germany worth US$ 5,991 million, with a partner share of 3.38 percent.

Top five countries from which Latin America & Caribbean imported goods in 1994 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 86,991 million, with a partner share of 44.40 percent.
  2. Latin America & Caribbean imports from Japan worth US$ 12,057 million, with a partner share of 6.15 percent.
  3. Latin America & Caribbean imports from Germany worth US$ 10,790 million, with a partner share of 5.51 percent.
  4. Latin America & Caribbean imports from Brazil worth US$ 9,631 million, with a partner share of 4.92 percent.
  5. Latin America & Caribbean imports from Argentina worth US$ 6,981 million, with a partner share of 3.56 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 1994

The top five exported HS 6 digit level products to world by Latin America & Caribbean along with trade value are:

  1. Latin America & Caribbean exported Petroleum oils and oils obtained from bituminou , worth US$ 18,295,223.04 million.
  2. Latin America & Caribbean exported Coffee, not roasted or decaffeinated , worth US$ 6,318,908.91 million.
  3. Latin America & Caribbean exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 4,930,459.85 million.
  4. Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth US$ 4,060,834.87 million.
  5. Latin America & Caribbean exported Oil-cake and other solid residues, of soya-bean , worth US$ 3,195,957.86 million.

The top five imported HS 6 digit level products from world by Latin America & Caribbean along with trade value are

  1. Latin America & Caribbean imported Automobiles with reciprocating piston engine di , worth US$ 3,919,526.27 million.
  2. Latin America & Caribbean imported Petroleum oils and oils obtained from bituminou , worth US$ 3,899,155.27 million.
  3. Latin America & Caribbean imported Other articles of plastics, nes , worth US$ 1,779,908.03 million.
  4. Latin America & Caribbean imported Automobiles with reciprocating piston engine di , worth US$ 1,460,883.10 million.
  5. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth US$ 1,455,941.79 million.

Exports and Imports of Product Groups 1994

Exports and imports of products by stages of processing in 1994 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1994

Tariffs imposed by Latin America & Caribbean in 1994 are below

  • The maximum rate of tariff in percentage on any product was 40 percent.
  • The simple average tariff across all products was 11.86 percent.
  • The trade weighted average tariff was 12.23 .
  • The total duty free imports in thousands of US dollars were 5,604,487.38 and duty free tariff line items share was 9.24 percent.

Development Indicators 1994

Key Development Indicators of Latin America & Caribbean in 1994 are below

  • Latin America & Caribbean GDP in current US dollar was 1,802,195 million.
  • GNI per capita, Atlas method (current US$) was 3,451.16 .
  • Latin America & Caribbean Trade balance: as % of GDP was -1.19.
  • Trade balance in current US$ was -31,667.00 million.
  • Trade as percentage of GDP was 31.55 .
  • Trade in services as percentage of GDP was 5.76 .

Trade Indicators 1994

Trade Indicators for Latin America & Caribbean in 1994 are below

  • Hirschman Herfindahl market concentration index was not available.
  • Index of export market penetration was not available.
  • World Growth in percentage was not available and Latin America & Caribbean Country Growth was not available .