Loading..

Latin America & Caribbean Trade Summary

2019

Latin America & Caribbean exports, imports, tariff by year.

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 2019

Overall Exports and Imports for Latin America & Caribbean 2019

Exports and imports of Latin America & Caribbean in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,021,034 million.
  • The total value of imports (CIF) was 1,050,781 million.
  • At the HS6 digit level, 4,533 products were exported to 231 countries and 4,637 products were imported from 237 countries.

Latin America & Caribbean top 5 Export and Import partners 2019

Top five countries to which Latin America & Caribbean exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 454,941 million, with a partner share of 44.56 percent.
  2. Latin America & Caribbean exports to China worth US$ 123,590 million, with a partner share of 12.10 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 26,454 million, with a partner share of 2.59 percent.
  4. Latin America & Caribbean exports to Canada worth US$ 24,081 million, with a partner share of 2.36 percent.
  5. Latin America & Caribbean exports to Unspecified worth US$ 22,664 million, with a partner share of 2.22 percent.

Top five countries from which Latin America & Caribbean imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 340,196 million, with a partner share of 32.38 percent.
  2. Latin America & Caribbean imports from China worth US$ 198,192 million, with a partner share of 18.86 percent.
  3. Latin America & Caribbean imports from Germany worth US$ 41,112 million, with a partner share of 3.91 percent.
  4. Latin America & Caribbean imports from Brazil worth US$ 37,962 million, with a partner share of 3.61 percent.
  5. Latin America & Caribbean imports from Japan worth US$ 32,511 million, with a partner share of 3.09 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 2019

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 69,789,694.99 (US$ Thousands).
  2. Latin America & Caribbean exported Copper ores and concentrates , worth 34,596,971.17 (US$ Thousands).
  3. Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth 33,657,682.73 (US$ Thousands).
  4. Latin America & Caribbean exported Soya beans , worth 32,075,965.94 (US$ Thousands).
  5. Latin America & Caribbean exported Digital process units whether or not presented , worth 27,433,626.29 (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 78,985,812.00 (US$ Thousands).
  2. Latin America & Caribbean imported Monolithic integrated circuits, nes , worth 21,284,967.64 (US$ Thousands).
  3. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth 19,398,542.79 (US$ Thousands).
  4. Latin America & Caribbean imported Automobiles with reciprocating piston engine di , worth 14,284,198.40 (US$ Thousands).
  5. Latin America & Caribbean imported Petroleum oils and oils obtained from bituminou , worth 14,167,379.49 (US$ Thousands).

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Latin America & Caribbean in 2019 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 7.12 percent.
  • The trade weighted average tariff was 5.13 .
  • The total duty free imports in thousands of US dollars were 246,727,875.43 and duty free tariff line items share was 45.93 percent.

Development Indicators 2019

Key Development Indicators of Latin America & Caribbean in 2019 are below

  • Latin America & Caribbean GDP in current US dollar was 5,622,813 million.
  • GNI per capita, Atlas method (current US$) was 8,754.37 .
  • Latin America & Caribbean Trade balance: as % of GDP was -0.56.
  • Trade balance in current US$ was -31,216.00 million.
  • Trade as percentage of GDP was 47.15 .
  • Trade in services as percentage of GDP was 8.44 .

Trade Indicators 2019

Trade Indicators for Latin America & Caribbean in 2019 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 .