Loading..

Latin America & Caribbean Trade Summary

2018

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 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 990,395 million.
  • The total value of imports (CIF) was 980,782 million.
  • At the HS6 digit level, 4,602 products were exported to 233 countries and 4,765 products were imported from 237 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$ 426,311 million, with a partner share of 43.04 percent.
  2. Latin America & Caribbean exports to China worth US$ 122,069 million, with a partner share of 12.33 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 28,188 million, with a partner share of 2.85 percent.
  4. Latin America & Caribbean exports to Unspecified worth US$ 26,942 million, with a partner share of 2.72 percent.
  5. Latin America & Caribbean exports to Netherlands worth US$ 22,991 million, with a partner share of 2.32 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$ 314,055 million, with a partner share of 32.02 percent.
  2. Latin America & Caribbean imports from China worth US$ 185,807 million, with a partner share of 18.94 percent.
  3. Latin America & Caribbean imports from Brazil worth US$ 49,349 million, with a partner share of 5.03 percent.
  4. Latin America & Caribbean imports from Germany worth US$ 39,983 million, with a partner share of 4.08 percent.
  5. Latin America & Caribbean imports from Japan worth US$ 30,690 million, with a partner share of 3.13 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 US$ 74,911,276.27 million.
  2. Latin America & Caribbean exported Soya beans , worth US$ 37,325,382.21 million.
  3. Latin America & Caribbean exported Copper ores and concentrates , worth US$ 36,943,752.23 million.
  4. Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth US$ 36,284,609.49 million.
  5. Latin America & Caribbean exported Digital process units whether or not presented , worth US$ 24,763,579.38 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$ 70,984,630.66 million.
  2. Latin America & Caribbean imported Monolithic integrated circuits, nes , worth US$ 19,291,774.71 million.
  3. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth US$ 16,832,109.93 million.
  4. Latin America & Caribbean imported Automobiles with reciprocating piston engine di , worth US$ 16,492,849.85 million.
  5. Latin America & Caribbean imported Petroleum oils and oils obtained from bituminou , worth US$ 13,991,847.87 million.

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 5,800,576 million.
  • GNI per capita, Atlas method (current US$) was 8,718.56 .
  • Latin America & Caribbean Trade balance: as % of GDP was -0.85.
  • Trade balance in current US$ was -115,441.00 million.
  • Trade as percentage of GDP was 46.84 .
  • Trade in services as percentage of GDP was 7.54 .

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 .