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Latin America & Caribbean Trade Summary

2022

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 2022

Overall Exports and Imports for Latin America & Caribbean 2022

Exports and imports of Latin America & Caribbean in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,383,885 million.
  • The total value of imports (CIF) was 1,448,592 million.
  • At the HS6 digit level, 4,485 products were exported to 236 countries and 4,631 products were imported from 237 countries.

Latin America & Caribbean top 5 Export and Import partners 2022

Top five countries to which Latin America & Caribbean exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Latin America & Caribbean exports to United States worth US$ 578,075 million, with a partner share of 41.77 percent.
  2. Latin America & Caribbean exports to China worth US$ 179,642 million, with a partner share of 12.98 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 34,630 million, with a partner share of 2.50 percent.
  4. Latin America & Caribbean exports to Unspecified worth US$ 33,263 million, with a partner share of 2.40 percent.
  5. Latin America & Caribbean exports to Netherlands worth US$ 31,173 million, with a partner share of 2.25 percent.

Top five countries from which Latin America & Caribbean imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Latin America & Caribbean imports from United States worth US$ 452,971 million, with a partner share of 31.27 percent.
  2. Latin America & Caribbean imports from China worth US$ 303,705 million, with a partner share of 20.97 percent.
  3. Latin America & Caribbean imports from Brazil worth US$ 62,442 million, with a partner share of 4.31 percent.
  4. Latin America & Caribbean imports from Germany worth US$ 44,877 million, with a partner share of 3.10 percent.
  5. Latin America & Caribbean imports from Korea, Rep. worth US$ 36,637 million, with a partner share of 2.53 percent.

Latin America & Caribbean Top 5 Productsexports imports at HS 6 digit level 2022

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 126,482,189.39 (US$ Thousands).
  2. Latin America & Caribbean exported Soya beans , worth 53,241,617.97 (US$ Thousands).
  3. Latin America & Caribbean exported Copper ores and concentrates , worth 46,268,884.12 (US$ Thousands).
  4. Latin America & Caribbean exported Petroleum oils, etc, (excl. crude); preparation , worth 29,349,653.69 (US$ Thousands).
  5. Latin America & Caribbean exported Non-agglomerated iron ores and concentrates , worth 28,527,236.04 (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 130,734,413.20 (US$ Thousands).
  2. Latin America & Caribbean imported Monolithic integrated circuits, digital , worth 32,344,359.05 (US$ Thousands).
  3. Latin America & Caribbean imported Parts and accessories of automatic data process , worth 26,264,326.09 (US$ Thousands).
  4. Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth 22,662,083.12 (US$ Thousands).
  5. Latin America & Caribbean imported Petroleum oils and oils obtained from bituminou , worth 22,112,983.44 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Latin America & Caribbean in 2022 are below

  • The maximum rate of tariff in percentage on any product was 1,190.88 percent.
  • The simple average tariff across all products was 7.67 percent.
  • The trade weighted average tariff was 5.88 .
  • The total duty free imports in thousands of US dollars were 471,069,916.51 and duty free tariff line items share was 40.23 percent.

Development Indicators 2022

Key Development Indicators of Latin America & Caribbean in 2022 are below

  • Latin America & Caribbean GDP in current US dollar was 6,246,622 million.
  • GNI per capita, Atlas method (current US$) was 8,687.80 .
  • Latin America & Caribbean Trade balance: as % of GDP was -1.69.
  • Trade balance in current US$ was -105,384.00 million.
  • Trade as percentage of GDP was 56.77 .
  • Trade in services as percentage of GDP was 8.46 .

Trade Indicators 2022

Trade Indicators for Latin America & Caribbean in 2022 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 .