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
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

2020

Overall Exports and Imports

Exports
Exports (in US$ Mil) 931,413
No. Of products 4,525
No. Of partners 234
Imports
Imports (in US$ Mil) 873,073
No. Of products 4,613
No. Of partners 236

Trade Indicator

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

Service Indicators 2020

Service imports (BoP, current US$)171,871,402,689.41
Service exports (BoP, current US$)128,889,498,115.20
Imports of goods and services (% of GDP)22.65
Exports of goods and services (% of GDP)23.69

Latin America & Caribbean top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States410,430 44.07
China129,409 13.89
Brazil21,804 2.34
Canada21,299 2.29
Japan18,101 1.94
Exporter Trade (US$ Mil) Partner share(%)
United States270,107 30.94
China180,586 20.68
Germany33,508 3.84
Brazil31,401 3.60
Japan24,558 2.81

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 materials284,582 30.55 57,153 6.55 1.91
Intermediate goods169,766 18.23 199,155 22.81 3.76
Consumer goods203,664 21.87 258,900 29.65 6.48
Capital goods230,293 24.73 326,232 37.37 5.25

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils and o ...48,771,440.23
Copper ores and conc ...36,623,700.95
Soya beans33,674,895.09
Digital process unit ...27,187,119.63
Automobiles with rec ...26,704,549.23
Imports
Petroleum oils, etc, ...43,944,710.85
Monolithic integrate ...18,736,481.82
Transmission apparat ...16,390,912.09
Parts and accessorie ...13,009,755.36
Other medicaments of ...12,608,581.44

Tariff and Trade Barriers for Latin America & Caribbean

Tariffs 2020

No. Of Tariff Agreement 1746
Simple Average (%) 6.61
Duty Free Imports (US$ Thousand) 275,892,097.49
Maximum Rate (%) 1,319.28
Weighted Average (%) 4.94
Duty Free Tariff Lines Share (%) 47.06

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)

2020 WDI »
Population641,357,515
GDP (current US$ Mil)4,838,098
GNI per capita, Atlas method (current US$)7,715.12
Trade Balance (current US$ Mil)6,683.00
Trade Balance (% of GDP)1.04

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...