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Latin America & Caribbean Trade Summary

2020

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 2020

Overall Exports and Imports for Latin America & Caribbean 2020

Exports and imports of Latin America & Caribbean in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 939,380 million.
  • The total value of imports (CIF) was 884,147 million.
  • At the HS6 digit level, 4,520 products were exported to 234 countries and 4,631 products were imported from 236 countries.

Latin America & Caribbean top 5 Export and Import partners 2020

Top five countries to which Latin America & Caribbean exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 413,447 million, with a partner share of 44.01 percent.
  2. Latin America & Caribbean exports to China worth US$ 129,665 million, with a partner share of 13.80 percent.
  3. Latin America & Caribbean exports to Canada worth US$ 21,923 million, with a partner share of 2.33 percent.
  4. Latin America & Caribbean exports to Brazil worth US$ 21,842 million, with a partner share of 2.33 percent.
  5. Latin America & Caribbean exports to Japan worth US$ 18,380 million, with a partner share of 1.96 percent.

Top five countries from which Latin America & Caribbean imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 275,089 million, with a partner share of 31.11 percent.
  2. Latin America & Caribbean imports from China worth US$ 181,987 million, with a partner share of 20.58 percent.
  3. Latin America & Caribbean imports from Germany worth US$ 33,693 million, with a partner share of 3.81 percent.
  4. Latin America & Caribbean imports from Brazil worth US$ 31,618 million, with a partner share of 3.58 percent.
  5. Latin America & Caribbean imports from Japan worth US$ 24,710 million, with a partner share of 2.79 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 2020

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 49,790,425.88 (US$ Thousands).
  2. Latin America & Caribbean exported Copper ores and concentrates , worth 36,861,997.96 (US$ Thousands).
  3. Latin America & Caribbean exported Soya beans , worth 33,687,055.49 (US$ Thousands).
  4. Latin America & Caribbean exported Digital process units whether or not presented , worth 27,186,946.45 (US$ Thousands).
  5. Latin America & Caribbean exported Non-agglomerated iron ores and concentrates , worth 26,785,800.12 (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 45,808,159.66 (US$ Thousands).
  2. Latin America & Caribbean imported Monolithic integrated circuits, nes , worth 18,736,632.44 (US$ Thousands).
  3. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth 16,485,668.73 (US$ Thousands).
  4. Latin America & Caribbean imported Parts and accessories of automatic data process , worth 13,045,283.42 (US$ Thousands).
  5. Latin America & Caribbean imported Other medicaments of mixed or unmixed products, , worth 12,988,372.03 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Latin America & Caribbean in 2020 are below

  • The maximum rate of tariff in percentage on any product was 1,319.28 percent.
  • The simple average tariff across all products was 6.61 percent.
  • The trade weighted average tariff was 4.94 .
  • The total duty free imports in thousands of US dollars were 275,892,097.49 and duty free tariff line items share was 47.06 percent.

Development Indicators 2020

Key Development Indicators of Latin America & Caribbean in 2020 are below

  • Latin America & Caribbean GDP in current US dollar was 4,777,569 million.
  • GNI per capita, Atlas method (current US$) was 7,674.20 .
  • Latin America & Caribbean Trade balance: as % of GDP was 0.80.
  • Trade balance in current US$ was 38,325.00 million.
  • Trade as percentage of GDP was 46.82 .
  • Trade in services as percentage of GDP was 6.91 .

Trade Indicators 2020

Trade Indicators for Latin America & Caribbean in 2020 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 .