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Latin America & Caribbean Trade Summary

2018

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 2018

Overall Exports and Imports for Latin America & Caribbean 2018

Exports and imports of Latin America & Caribbean in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,035,774 million.
  • The total value of imports (CIF) was 1,093,790 million.
  • At the HS6 digit level, 4,564 products were exported to 232 countries and 4,772 products were imported from 236 countries.

Latin America & Caribbean top 5 Export and Import partners 2018

Top five countries to which Latin America & Caribbean exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 456,313 million, with a partner share of 44.06 percent.
  2. Latin America & Caribbean exports to China worth US$ 122,424 million, with a partner share of 11.82 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 28,486 million, with a partner share of 2.75 percent.
  4. Latin America & Caribbean exports to Canada worth US$ 24,252 million, with a partner share of 2.34 percent.
  5. Latin America & Caribbean exports to Argentina worth US$ 21,966 million, with a partner share of 2.12 percent.

Top five countries from which Latin America & Caribbean imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 350,666 million, with a partner share of 32.06 percent.
  2. Latin America & Caribbean imports from China worth US$ 201,748 million, with a partner share of 18.44 percent.
  3. Latin America & Caribbean imports from Brazil worth US$ 45,126 million, with a partner share of 4.13 percent.
  4. Latin America & Caribbean imports from Germany worth US$ 42,666 million, with a partner share of 3.90 percent.
  5. Latin America & Caribbean imports from Japan worth US$ 33,094 million, with a partner share of 3.03 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 2018

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 75,911,436.41 (US$ Thousands).
  2. Latin America & Caribbean exported Soya beans , worth 37,190,513.21 (US$ Thousands).
  3. Latin America & Caribbean exported Copper ores and concentrates , worth 36,166,654.12 (US$ Thousands).
  4. Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth 36,067,171.82 (US$ Thousands).
  5. Latin America & Caribbean exported Digital process units whether or not presented , worth 24,671,330.48 (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 83,866,434.35 (US$ Thousands).
  2. Latin America & Caribbean imported Petroleum oils and oils obtained from bituminou , worth 19,275,373.53 (US$ Thousands).
  3. Latin America & Caribbean imported Monolithic integrated circuits, nes , worth 19,125,782.27 (US$ Thousands).
  4. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth 18,648,205.08 (US$ Thousands).
  5. Latin America & Caribbean imported Automobiles with reciprocating piston engine di , worth 17,426,416.10 (US$ Thousands).

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Latin America & Caribbean in 2018 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 6.70 percent.
  • The trade weighted average tariff was 3.27 .
  • The total duty free imports in thousands of US dollars were 663,473,643.94 and duty free tariff line items share was 53.09 percent.

Development Indicators 2018

Key Development Indicators of Latin America & Caribbean in 2018 are below

  • Latin America & Caribbean GDP in current US dollar was 5,706,087 million.
  • GNI per capita, Atlas method (current US$) was 8,651.25 .
  • Latin America & Caribbean Trade balance: as % of GDP was -1.01.
  • Trade balance in current US$ was -57,835.00 million.
  • Trade as percentage of GDP was 47.74 .
  • Trade in services as percentage of GDP was 8.35 .

Trade Indicators 2018

Trade Indicators for Latin America & Caribbean in 2018 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 .