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Latin America & Caribbean Trade Summary

2015

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 2015

Overall Exports and Imports for Latin America & Caribbean 2015

Exports and imports of Latin America & Caribbean in 2015 are below, along with number of countries and products

  • The total value of exports (FoB) was 871,539 million.
  • The total value of imports (CIF) was 967,684 million.
  • At the HS6 digit level, 4,573 products were exported to 230 countries and 4,767 products were imported from 237 countries.

Latin America & Caribbean top 5 Export and Import partners 2015

Top five countries to which Latin America & Caribbean exported in 2015 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 396,997 million, with a partner share of 45.55 percent.
  2. Latin America & Caribbean exports to China worth US$ 74,101 million, with a partner share of 8.50 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 25,924 million, with a partner share of 2.97 percent.
  4. Latin America & Caribbean exports to Canada worth US$ 20,390 million, with a partner share of 2.34 percent.
  5. Latin America & Caribbean exports to Argentina worth US$ 18,871 million, with a partner share of 2.17 percent.

Top five countries from which Latin America & Caribbean imported goods in 2015 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 310,040 million, with a partner share of 32.04 percent.
  2. Latin America & Caribbean imports from China worth US$ 173,409 million, with a partner share of 17.92 percent.
  3. Latin America & Caribbean imports from Germany worth US$ 37,239 million, with a partner share of 3.85 percent.
  4. Latin America & Caribbean imports from Brazil worth US$ 36,190 million, with a partner share of 3.74 percent.
  5. Latin America & Caribbean imports from Japan worth US$ 32,225 million, with a partner share of 3.33 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 2015

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 50,842,211.10 (US$ Thousands).
  2. Latin America & Caribbean exported Soya beans , worth 27,981,518.75 (US$ Thousands).
  3. Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth 24,655,469.86 (US$ Thousands).
  4. Latin America & Caribbean exported Copper ores and concentrates , worth 23,089,878.76 (US$ Thousands).
  5. Latin America & Caribbean exported Oil-cake and other solid residues, of soya-bean , worth 16,928,623.47 (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 59,228,144.66 (US$ Thousands).
  2. Latin America & Caribbean imported Monolithic integrated circuits, nes , worth 18,302,833.73 (US$ Thousands).
  3. Latin America & Caribbean imported Automobiles with reciprocating piston engine di , worth 17,420,845.26 (US$ Thousands).
  4. Latin America & Caribbean imported Petroleum oils and oils obtained from bituminou , worth 16,861,656.79 (US$ Thousands).
  5. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth 12,717,251.03 (US$ Thousands).

Exports and Imports of Product Groups 2015

Exports and imports of products by stages of processing in 2015 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2015

Tariffs imposed by Latin America & Caribbean in 2015 are below

  • The maximum rate of tariff in percentage on any product was 1,080.41 percent.
  • The simple average tariff across all products was 7.71 percent.
  • The trade weighted average tariff was 5.36 .
  • The total duty free imports in thousands of US dollars were 450,376,254.31 and duty free tariff line items share was 44.88 percent.

Development Indicators 2015

Key Development Indicators of Latin America & Caribbean in 2015 are below

  • Latin America & Caribbean GDP in current US dollar was 5,376,541 million.
  • GNI per capita, Atlas method (current US$) was 9,154.18 .
  • Latin America & Caribbean Trade balance: as % of GDP was -1.50.
  • Trade balance in current US$ was -80,463.00 million.
  • Trade as percentage of GDP was 44.52 .
  • Trade in services as percentage of GDP was 7.95 .

Trade Indicators 2015

Trade Indicators for Latin America & Caribbean in 2015 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 .