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Latin America & Caribbean Trade Summary

2008

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 2008

Overall Exports and Imports for Latin America & Caribbean 2008

Exports and imports of Latin America & Caribbean in 2008 are below, along with number of countries and products

  • The total value of exports (FoB) was 879,266 million.
  • The total value of imports (CIF) was 879,550 million.
  • At the HS6 digit level, 4,719 products were exported to 232 countries and 4,904 products were imported from 234 countries.

Latin America & Caribbean top 5 Export and Import partners 2008

Top five countries to which Latin America & Caribbean exported in 2008 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 355,855 million, with a partner share of 40.47 percent.
  2. Latin America & Caribbean exports to China worth US$ 39,574 million, with a partner share of 4.50 percent.
  3. Latin America & Caribbean exports to Unspecified worth US$ 32,883 million, with a partner share of 3.74 percent.
  4. Latin America & Caribbean exports to Brazil worth US$ 30,556 million, with a partner share of 3.48 percent.
  5. Latin America & Caribbean exports to Netherlands worth US$ 24,427 million, with a partner share of 2.78 percent.

Top five countries from which Latin America & Caribbean imported goods in 2008 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 270,890 million, with a partner share of 30.80 percent.
  2. Latin America & Caribbean imports from China worth US$ 98,278 million, with a partner share of 11.17 percent.
  3. Latin America & Caribbean imports from Brazil worth US$ 46,848 million, with a partner share of 5.33 percent.
  4. Latin America & Caribbean imports from Japan worth US$ 36,390 million, with a partner share of 4.14 percent.
  5. Latin America & Caribbean imports from Germany worth US$ 35,958 million, with a partner share of 4.09 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 2008

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 143,015,909.30 (US$ Thousands).
  2. Latin America & Caribbean exported Petroleum oils, etc, (excl. crude); preparation , worth 45,648,430.70 (US$ Thousands).
  3. Latin America & Caribbean exported Television receivers including video monitors a , worth 22,885,822.42 (US$ Thousands).
  4. Latin America & Caribbean exported Copper cathodes and sections of cathodes unwrou , worth 22,245,880.46 (US$ Thousands).
  5. Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth 21,827,773.53 (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 Petroleum oils, etc, (excl. crude); preparation , worth 63,179,682.26 (US$ Thousands).
  2. Latin America & Caribbean imported Petroleum oils and oils obtained from bituminou , worth 36,075,995.35 (US$ Thousands).
  3. Latin America & Caribbean imported Automobiles with reciprocating piston engine di , worth 16,190,409.77 (US$ Thousands).
  4. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth 13,035,524.75 (US$ Thousands).
  5. Latin America & Caribbean imported Parts suitable for use solely or princ with the , worth 11,235,122.11 (US$ Thousands).

Exports and Imports of Product Groups 2008

Exports and imports of products by stages of processing in 2008 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2008

Tariffs imposed by Latin America & Caribbean in 2008 are below

  • The maximum rate of tariff in percentage on any product was 615.13 percent.
  • The simple average tariff across all products was 8 percent.
  • The trade weighted average tariff was 4.44 .
  • The total duty free imports in thousands of US dollars were 463,345,056.87 and duty free tariff line items share was 35.68 percent.

Development Indicators 2008

Key Development Indicators of Latin America & Caribbean in 2008 are below

  • Latin America & Caribbean GDP in current US dollar was 4,591,297 million.
  • GNI per capita, Atlas method (current US$) was 7,094.77 .
  • Latin America & Caribbean Trade balance: as % of GDP was -0.22.
  • Trade balance in current US$ was -10,069.00 million.
  • Trade as percentage of GDP was 48.14 .
  • Trade in services as percentage of GDP was 6.54 .

Trade Indicators 2008

Trade Indicators for Latin America & Caribbean in 2008 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 .