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Latin America & Caribbean Trade Summary

2019

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 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 998,109 million.
  • The total value of imports (CIF) was 980,570 million.
  • At the HS6 digit level, 4,520 products were exported to 230 countries and 4,629 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$ 444,446 million, with a partner share of 44.53 percent.
  2. Latin America & Caribbean exports to China worth US$ 123,737 million, with a partner share of 12.40 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 26,071 million, with a partner share of 2.61 percent.
  4. Latin America & Caribbean exports to Canada worth US$ 23,514 million, with a partner share of 2.36 percent.
  5. Latin America & Caribbean exports to Unspecified worth US$ 21,722 million, with a partner share of 2.18 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$ 316,503 million, with a partner share of 32.28 percent.
  2. Latin America & Caribbean imports from China worth US$ 184,202 million, with a partner share of 18.79 percent.
  3. Latin America & Caribbean imports from Brazil worth US$ 43,154 million, with a partner share of 4.40 percent.
  4. Latin America & Caribbean imports from Germany worth US$ 39,167 million, with a partner share of 3.99 percent.
  5. Latin America & Caribbean imports from Japan worth US$ 30,361 million, with a partner share of 3.10 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 US$ 68,722,836.74 million.
  2. Latin America & Caribbean exported Copper ores and concentrates , worth US$ 35,420,303.19 million.
  3. Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth US$ 33,649,824.70 million.
  4. Latin America & Caribbean exported Soya beans , worth US$ 32,081,192.51 million.
  5. Latin America & Caribbean exported Digital process units whether or not presented , worth US$ 27,419,596.67 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$ 71,689,815.57 million.
  2. Latin America & Caribbean imported Monolithic integrated circuits, nes , worth US$ 21,280,716.36 million.
  3. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth US$ 18,225,487.46 million.
  4. Latin America & Caribbean imported Petroleum oils and oils obtained from bituminou , worth US$ 13,328,663.55 million.
  5. Latin America & Caribbean imported Automobiles with reciprocating piston engine di , worth US$ 13,256,191.69 million.

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 5,786,727 million.
  • GNI per capita, Atlas method (current US$) was 8,868.10 .
  • Latin America & Caribbean Trade balance: as % of GDP was -0.65.
  • Trade balance in current US$ was -88,845.00 million.
  • Trade as percentage of GDP was 45.85 .
  • Trade in services as percentage of GDP was 7.72 .

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 .