Latin America & Caribbean Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.

Country / Region
For viewing trade, tariff data for country or region by year 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.

TRADE SUMMARY FOR Latin America & Caribbean

2022

Overall Exports and Imports

Exports
Exports (in US$ Mil) 1,386,122
No. Of products 4,487
No. Of partners 236
Imports
Imports (in US$ Mil) 1,459,135
No. Of products 4,633
No. Of partners 237

Trade Indicator

HH Market concentration index...
Index of export market penetration...
World Growth...
Country Growth...

Service Indicators 2022

Service imports (BoP, current US$)313,634,625,339.30
Service exports (BoP, current US$)239,031,704,435.13
Imports of goods and services (% of GDP)29.89
Exports of goods and services (% of GDP)28.20

Latin America & Caribbean top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States578,085 41.71
China179,818 12.97
Brazil34,633 2.50
Unspecified34,553 2.49
Netherlands31,178 2.25
Exporter Trade (US$ Mil) Partner share(%)
United States453,733 31.10
China304,871 20.89
Brazil62,786 4.30
Germany45,130 3.09
Korea, Rep.36,691 2.51

Latin America & Caribbean Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials453,560 32.72 101,621 6.96 1.62
Intermediate goods256,152 18.48 340,697 23.35 3.00
Consumer goods266,550 19.23 457,810 31.38 5.86
Capital goods290,148 20.93 443,415 30.39 3.04

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils and o ...126,482,189.47
Soya beans53,241,617.97
Copper ores and conc ...46,268,884.12
Petroleum oils, etc, ...29,349,748.59
Non-agglomerated iro ...28,527,236.04
Imports
Petroleum oils, etc, ...130,840,153.58
Monolithic integrate ...32,354,445.30
Parts and accessorie ...26,292,710.99
Transmission apparat ...22,702,701.48
Petroleum oils and o ...22,112,983.44

Tariff and Trade Barriers for Latin America & Caribbean

Tariffs 2022

No. Of Tariff Agreement 466
Simple Average (%) 7.01
Duty Free Imports (US$ Thousand) 781,894,753.70
Maximum Rate (%) 1,190.88
Weighted Average (%) 3.70
Duty Free Tariff Lines Share (%) 48.43

Overall Trade Restrictiveness Index (OTRI)

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff...
Overall Trade Restrictiveness Index - Applied Tariff...

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All...

Non-Tariff Measures (NTM)

No Of NTM Measures...
No Of NTM Affected Products (HS 6 Digit)...

Temporary Trade Barriers Database (TTDB)

TTDB »
Temporary Trade Barriers in Effect - Simple Average...
Temporary Trade Barriers in Effect - Weighted Average...

World Development Indicators (WDI)

2022 WDI »
Population641,357,515
GDP (current US$ Mil)6,246,622
GNI per capita, Atlas method (current US$)8,687.80
Trade Balance (current US$ Mil)-105,384.00
Trade Balance (% of GDP)-1.69

Doing Business

Doing Business »
Ease of Doing Business Rank...
Trading Across Borders Rank...

Country Policy and Institutional Assessment (CPIA)

2018 CPIA »
CPIA Trade Ratings4.06

Logistics Performance Index (LPI)

LPI »
LPI Score...
LPI Rank...