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Latin America & Caribbean Trade Summary

2021

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 2021

Overall Exports and Imports for Latin America & Caribbean 2021

Exports and imports of Latin America & Caribbean in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,186,717 million.
  • The total value of imports (CIF) was 1,210,370 million.
  • At the HS6 digit level, 4,494 products were exported to 235 countries and 4,626 products were imported from 236 countries.

Latin America & Caribbean top 5 Export and Import partners 2021

Top five countries to which Latin America & Caribbean exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 497,069 million, with a partner share of 41.89 percent.
  2. Latin America & Caribbean exports to China worth US$ 171,093 million, with a partner share of 14.42 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 30,311 million, with a partner share of 2.55 percent.
  4. Latin America & Caribbean exports to Canada worth US$ 24,949 million, with a partner share of 2.10 percent.
  5. Latin America & Caribbean exports to Unspecified worth US$ 24,419 million, with a partner share of 2.06 percent.

Top five countries from which Latin America & Caribbean imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 367,834 million, with a partner share of 30.39 percent.
  2. Latin America & Caribbean imports from China worth US$ 259,179 million, with a partner share of 21.41 percent.
  3. Latin America & Caribbean imports from Brazil worth US$ 47,557 million, with a partner share of 3.93 percent.
  4. Latin America & Caribbean imports from Germany worth US$ 41,443 million, with a partner share of 3.42 percent.
  5. Latin America & Caribbean imports from Korea, Rep. worth US$ 32,066 million, with a partner share of 2.65 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 2021

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 81,908,053.17 (US$ Thousands).
  2. Latin America & Caribbean exported Copper ores and concentrates , worth 55,812,794.76 (US$ Thousands).
  3. Latin America & Caribbean exported Non-agglomerated iron ores and concentrates , worth 44,853,627.76 (US$ Thousands).
  4. Latin America & Caribbean exported Soya beans , worth 44,798,822.22 (US$ Thousands).
  5. Latin America & Caribbean exported Gold in unwrought forms non-monetary , worth 25,831,877.62 (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 76,812,846.42 (US$ Thousands).
  2. Latin America & Caribbean imported Monolithic integrated circuits, digital , worth 27,894,286.44 (US$ Thousands).
  3. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth 26,572,598.14 (US$ Thousands).
  4. Latin America & Caribbean imported Parts and accessories of automatic data process , worth 22,473,157.95 (US$ Thousands).
  5. Latin America & Caribbean imported Natural gas in gaseous state , worth 14,457,381.05 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Latin America & Caribbean in 2021 are below

  • The maximum rate of tariff in percentage on any product was 2,373.84 percent.
  • The simple average tariff across all products was 6.76 percent.
  • The trade weighted average tariff was 4.90 .
  • The total duty free imports in thousands of US dollars were 346,570,245.89 and duty free tariff line items share was 47.79 percent.

Development Indicators 2021

Key Development Indicators of Latin America & Caribbean in 2021 are below

  • Latin America & Caribbean GDP in current US dollar was 5,510,524 million.
  • GNI per capita, Atlas method (current US$) was 8,131.25 .
  • Latin America & Caribbean Trade balance: as % of GDP was -0.74.
  • Trade balance in current US$ was -40,912.00 million.
  • Trade as percentage of GDP was 53.95 .
  • Trade in services as percentage of GDP was 7.42 .

Trade Indicators 2021

Trade Indicators for Latin America & Caribbean in 2021 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 .