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Latin America & Caribbean Trade Summary

2014

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 2014

Overall Exports and Imports for Latin America & Caribbean 2014

Exports and imports of Latin America & Caribbean in 2014 are below, along with number of countries and products

  • The total value of exports (FoB) was 997,279 million.
  • The total value of imports (CIF) was 1,054,020 million.
  • At the HS6 digit level, 4,581 products were exported to 231 countries and 4,761 products were imported from 236 countries.

Latin America & Caribbean top 5 Export and Import partners 2014

Top five countries to which Latin America & Caribbean exported in 2014 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 425,175 million, with a partner share of 42.63 percent.
  2. Latin America & Caribbean exports to China worth US$ 85,062 million, with a partner share of 8.53 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 35,334 million, with a partner share of 3.54 percent.
  4. Latin America & Caribbean exports to Netherlands worth US$ 25,282 million, with a partner share of 2.54 percent.
  5. Latin America & Caribbean exports to Canada worth US$ 21,891 million, with a partner share of 2.20 percent.

Top five countries from which Latin America & Caribbean imported goods in 2014 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 335,304 million, with a partner share of 31.81 percent.
  2. Latin America & Caribbean imports from China worth US$ 175,587 million, with a partner share of 16.66 percent.
  3. Latin America & Caribbean imports from Germany worth US$ 41,226 million, with a partner share of 3.91 percent.
  4. Latin America & Caribbean imports from Brazil worth US$ 39,252 million, with a partner share of 3.72 percent.
  5. Latin America & Caribbean imports from Japan worth US$ 33,848 million, with a partner share of 3.21 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 2014

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$ 95,171,204.59 million.
  2. Latin America & Caribbean exported Soya beans , worth US$ 31,077,304.45 million.
  3. Latin America & Caribbean exported Copper ores and concentrates , worth US$ 26,767,049.68 million.
  4. Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth US$ 25,492,552.60 million.
  5. Latin America & Caribbean exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 22,332,505.45 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 Petroleum oils, etc, (excl. crude); preparation , worth US$ 83,569,699.53 million.
  2. Latin America & Caribbean imported Petroleum oils and oils obtained from bituminou , worth US$ 33,145,765.24 million.
  3. Latin America & Caribbean imported Monolithic integrated circuits, nes , worth US$ 19,674,058.62 million.
  4. Latin America & Caribbean imported Automobiles with reciprocating piston engine di , worth US$ 19,026,842.17 million.
  5. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth US$ 13,749,540.52 million.

Exports and Imports of Product Groups 2014

Exports and imports of products by stages of processing in 2014 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2014

Tariffs imposed by Latin America & Caribbean in 2014 are below

  • The maximum rate of tariff in percentage on any product was 167.80 percent.
  • The simple average tariff across all products was 7.40 percent.
  • The trade weighted average tariff was 4.05 .
  • The total duty free imports in thousands of US dollars were 587,320,228.48 and duty free tariff line items share was 48.02 percent.

Development Indicators 2014

Key Development Indicators of Latin America & Caribbean in 2014 are below

  • Latin America & Caribbean GDP in current US dollar was 6,426,824 million.
  • GNI per capita, Atlas method (current US$) was 10,095.43 .
  • Latin America & Caribbean Trade balance: as % of GDP was -2.77.
  • Trade balance in current US$ was -175,428.00 million.
  • Trade as percentage of GDP was 43.19 .
  • Trade in services as percentage of GDP was 6.49 .

Trade Indicators 2014

Trade Indicators for Latin America & Caribbean in 2014 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 .