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Latin America & Caribbean Trade Summary

1998

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 1998

Overall Exports and Imports for Latin America & Caribbean 1998

Exports and imports of Latin America & Caribbean in 1998 are below, along with number of countries and products

  • The total value of exports (FoB) was 269,306 million.
  • The total value of imports (CIF) was 318,200 million.
  • At the HS6 digit level, 4,920 products were exported to 212 countries and 4,981 products were imported from 212 countries.

Latin America & Caribbean top 5 Export and Import partners 1998

Top five countries to which Latin America & Caribbean exported in 1998 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 139,882 million, with a partner share of 51.94 percent.
  2. Latin America & Caribbean exports to Brazil worth US$ 11,823 million, with a partner share of 4.39 percent.
  3. Latin America & Caribbean exports to Argentina worth US$ 9,028 million, with a partner share of 3.35 percent.
  4. Latin America & Caribbean exports to Germany worth US$ 7,310 million, with a partner share of 2.71 percent.
  5. Latin America & Caribbean exports to Japan worth US$ 6,504 million, with a partner share of 2.42 percent.

Top five countries from which Latin America & Caribbean imported goods in 1998 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 149,375 million, with a partner share of 46.94 percent.
  2. Latin America & Caribbean imports from Germany worth US$ 15,576 million, with a partner share of 4.89 percent.
  3. Latin America & Caribbean imports from Japan worth US$ 15,563 million, with a partner share of 4.89 percent.
  4. Latin America & Caribbean imports from Argentina worth US$ 13,361 million, with a partner share of 4.20 percent.
  5. Latin America & Caribbean imports from Brazil worth US$ 13,154 million, with a partner share of 4.13 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 1998

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 18,987,053.94 (US$ Thousands).
  2. Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth 9,162,665.06 (US$ Thousands).
  3. Latin America & Caribbean exported Coffee, not roasted or decaffeinated , worth 6,810,083.58 (US$ Thousands).
  4. Latin America & Caribbean exported Television receivers including video monitors a , worth 4,945,075.17 (US$ Thousands).
  5. Latin America & Caribbean exported Copper cathodes and sections of cathodes unwrou , worth 4,562,182.73 (US$ Thousands).

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 5,807,669.56 (US$ Thousands).
  2. Latin America & Caribbean imported Petroleum oils and oils obtained from bituminou , worth 4,659,196.39 (US$ Thousands).
  3. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth 3,974,791.27 (US$ Thousands).
  4. Latin America & Caribbean imported Motor vehicle parts nes , worth 3,606,237.11 (US$ Thousands).
  5. Latin America & Caribbean imported Other articles of plastics, nes , worth 2,970,266.35 (US$ Thousands).

Exports and Imports of Product Groups 1998

Exports and imports of products by stages of processing in 1998 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1998

Tariffs imposed by Latin America & Caribbean in 1998 are below

  • The maximum rate of tariff in percentage on any product was 260 percent.
  • The simple average tariff across all products was 12.23 percent.
  • The trade weighted average tariff was 13.05 .
  • The total duty free imports in thousands of US dollars were 24,680,681.97 and duty free tariff line items share was 9.24 percent.

Development Indicators 1998

Key Development Indicators of Latin America & Caribbean in 1998 are below

  • Latin America & Caribbean GDP in current US dollar was 2,300,624 million.
  • GNI per capita, Atlas method (current US$) was 4,290.43 .
  • Latin America & Caribbean Trade balance: as % of GDP was -2.57.
  • Trade balance in current US$ was -59,056.00 million.
  • Trade as percentage of GDP was 36.20 .
  • Trade in services as percentage of GDP was 5.52 .

Trade Indicators 1998

Trade Indicators for Latin America & Caribbean in 1998 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 .