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Latin America & Caribbean Trade Summary

2016

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 2016

Overall Exports and Imports for Latin America & Caribbean 2016

Exports and imports of Latin America & Caribbean in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 847,283 million.
  • The total value of imports (CIF) was 893,322 million.
  • At the HS6 digit level, 4,572 products were exported to 233 countries and 4,775 products were imported from 236 countries.

Latin America & Caribbean top 5 Export and Import partners 2016

Top five countries to which Latin America & Caribbean exported in 2016 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 389,048 million, with a partner share of 45.92 percent.
  2. Latin America & Caribbean exports to China worth US$ 74,458 million, with a partner share of 8.79 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 23,433 million, with a partner share of 2.77 percent.
  4. Latin America & Caribbean exports to Canada worth US$ 19,182 million, with a partner share of 2.26 percent.
  5. Latin America & Caribbean exports to Argentina worth US$ 18,415 million, with a partner share of 2.17 percent.

Top five countries from which Latin America & Caribbean imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 289,572 million, with a partner share of 32.42 percent.
  2. Latin America & Caribbean imports from China worth US$ 160,259 million, with a partner share of 17.94 percent.
  3. Latin America & Caribbean imports from Brazil worth US$ 36,418 million, with a partner share of 4.08 percent.
  4. Latin America & Caribbean imports from Germany worth US$ 34,900 million, with a partner share of 3.91 percent.
  5. Latin America & Caribbean imports from Japan worth US$ 30,552 million, with a partner share of 3.42 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 2016

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$ 39,971,975.35 million.
  2. Latin America & Caribbean exported Soya beans , worth US$ 25,284,098.98 million.
  3. Latin America & Caribbean exported Copper ores and concentrates , worth US$ 25,257,274.27 million.
  4. Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth US$ 24,008,638.93 million.
  5. Latin America & Caribbean exported Gold in unwrought forms non-monetary , worth US$ 18,242,451.70 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$ 50,673,606.44 million.
  2. Latin America & Caribbean imported Monolithic integrated circuits, nes , worth US$ 18,264,248.94 million.
  3. Latin America & Caribbean imported Automobiles with reciprocating piston engine di , worth US$ 16,911,311.04 million.
  4. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth US$ 12,413,620.17 million.
  5. Latin America & Caribbean imported Other medicaments of mixed or unmixed products, , worth US$ 12,220,652.00 million.

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Latin America & Caribbean in 2016 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 8.89 percent.
  • The trade weighted average tariff was 5.77 .
  • The total duty free imports in thousands of US dollars were 321,250,832.43 and duty free tariff line items share was 38.05 percent.

Development Indicators 2016

Key Development Indicators of Latin America & Caribbean in 2016 are below

  • Latin America & Caribbean GDP in current US dollar was 5,249,746 million.
  • GNI per capita, Atlas method (current US$) was 8,431.54 .
  • Latin America & Caribbean Trade balance: as % of GDP was -0.51.
  • Trade balance in current US$ was -26,808.00 million.
  • Trade as percentage of GDP was 44.40 .
  • Trade in services as percentage of GDP was 8.19 .

Trade Indicators 2016

Trade Indicators for Latin America & Caribbean in 2016 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 .