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Latin America & Caribbean Trade

Latest trade data available from various sources.

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

Year
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

Overall Exports and Imports for Latin America & Caribbean 2020

  • The total value of exports (FOB) is US$ 931,413 million.
  • The total value of imports (CIF) is US$ 873,073 million.
  • At the HS6 digit level, 4,525 products are exported to 234 countries and 4,613 products are imported from 236 countries.

Top 5 Products exports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Latin America & Caribbean along with trade value are:

  • Latin America & Caribbean exported Petroleum oils and oils obtained from bituminou , worth US$ 48,771,440.23 million.
  • Latin America & Caribbean exported Copper ores and concentrates , worth US$ 36,623,700.95 million.
  • Latin America & Caribbean exported Soya beans , worth US$ 33,674,895.09 million.
  • Latin America & Caribbean exported Digital process units whether or not presented , worth US$ 27,187,119.63 million.
  • Latin America & Caribbean exported Automobiles with reciprocating piston engine di , worth US$ 26,704,549.23 million.

The top five imported HS 6 digit level products from world by Latin America & Caribbean along with trade value are

  • Latin America & Caribbean imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 43,944,710.85 million.
  • Latin America & Caribbean imported Monolithic integrated circuits, nes , worth US$ 18,736,481.82 million.
  • Latin America & Caribbean imported Transmission apparatus, for radioteleph incorpo , worth US$ 16,390,912.09 million.
  • Latin America & Caribbean imported Parts and accessories of automatic data process , worth US$ 13,009,755.36 million.
  • Latin America & Caribbean imported Other medicaments of mixed or unmixed products, , worth US$ 12,608,581.44 million.

Latin America & Caribbean top 5 Export and Import partners 2020

The top five countries to which Latin America & Caribbean exported 2020 along with the partner share in percentage are:

  1. Latin America & Caribbean exports to United States worth US$ 410,430 million, with a partner share of 44.07 percent.
  2. Latin America & Caribbean exports to China worth US$ 129,409 million, with a partner share of 13.89 percent.
  3. Latin America & Caribbean exports to Brazil worth US$ 21,804 million, with a partner share of 2.34 percent.
  4. Latin America & Caribbean exports to Canada worth US$ 21,299 million, with a partner share of 2.29 percent.
  5. Latin America & Caribbean exports to Japan worth US$ 18,101 million, with a partner share of 1.94 percent.

The top five countries to which Latin America & Caribbean imported goods 2020 along with the share in percentage are

  1. Latin America & Caribbean imports from United States worth US$ 270,107 million, with a partner share of 30.94 percent.
  2. Latin America & Caribbean imports from China worth US$ 180,586 million, with a partner share of 20.68 percent.
  3. Latin America & Caribbean imports from Germany worth US$ 33,508 million, with a partner share of 3.84 percent.
  4. Latin America & Caribbean imports from Brazil worth US$ 31,401 million, with a partner share of 3.60 percent.
  5. Latin America & Caribbean imports from Japan worth US$ 24,558 million, with a partner share of 2.81 percent.

Latin America & Caribbean Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import.


Latin America & Caribbean Trade Indicators 2020


Tariff and Trade Barriers

Tariffs 2020

Tariffs imposed by Latin America & Caribbean in 2020 are below.

  • The maximum rate of tariff in percentage on any product is 1,319.28.
  • The simple average tariff across all products is 6.61.
  • The trade weighted average tariff is 4.94.
  • The total duty free imports in thousands of US dollars are 275,892,097.49 and duty free tariff line items share is 47.06.

Overall Trade Restrictiveness Index (OTRI)

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  • Overall Trade Restrictiveness Index - Applied Tariff for the year is not available.
  • Overall Trade Restrictiveness Index - MFN Tariff for the year is not available.

Non-Tariff Measures (NTM)

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  • No Of NTM Measures is not available.
  • No Of NTM Affected Products (HS 6 Digit) is not available.

Temporary Trade Barriers Database (TTDB) .

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  • Temporary Trade Barriers in Effect - Simple Average for the year is not available.
  • Temporary Trade Barriers in Effect - Weighted Average for the year is not available.

Latin America & Caribbean World Development Indicators (WDI) 2020

Key Development Indicators of Latin America & Caribbean in 2020 are below

WDI

Latin America & Caribbean Doing Business

  • The ease of doing business rank for Latin America & Caribbean is not available.
  • The trade across border rank is not available.
Doing Business

Latin America & Caribbean Country Policy and Institutional Assessment (CPIA), 2018

  • The CPIA Trade Ratings for 2018 is 4.06.
CPIA

Latin America & CaribbeanLogistics Performance Index (LPI)

  • The LPI score for Latin America & Caribbean in is not available.
  • The LPI rank is not available.
LPI

Latin America & Caribbean Services Service Policy Restrictive Database (SPRD)

  • Services Trade Restrictions Index (Over All) for Latin America & Caribbean is not available.
SPRD