Australia vs Latin America & the Caribbean (IDA & IBRD countries): Merchandise imports by the reporting economy
Merchandise imports by the reporting economy over time
- Australia
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Latin America & the Caribbean (IDA & IBRD countries) currently reports 1.42 trillion current US$ against 287.89 billion current US$ in Australia, a difference of 1.13 trillion current US$.
That makes Latin America & the Caribbean (IDA & IBRD countries)'s figure about 4.9 times Australia's.
Across all 64 years both countries report, Latin America & the Caribbean (IDA & IBRD countries) has been ahead every year.
Australia ranks 22nd and Latin America & the Caribbean (IDA & IBRD countries) ranks 21st of 206 countries.
Latin America & the Caribbean (IDA & IBRD countries) has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Australia | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 3.21 billion current US$ | 9.78 billion current US$ | 6.57 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1970s | 10.31 billion current US$ | 39.11 billion current US$ | 28.80 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1980s | 28.14 billion current US$ | 78.47 billion current US$ | 50.33 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 56.31 billion current US$ | 227.14 billion current US$ | 170.83 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 119.72 billion current US$ | 524.14 billion current US$ | 404.42 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 224.17 billion current US$ | 1.03 trillion current US$ | 809.32 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2020s | 265.48 billion current US$ | 1.27 trillion current US$ | 1.00 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise imports by the reporting economy, Australia or Latin America & the Caribbean (IDA & IBRD countries)?
- Latin America & the Caribbean (IDA & IBRD countries), at 1.42 trillion current US$ against 287.89 billion current US$ in Australia as of 2023.
- What is the difference in merchandise imports by the reporting economy between Australia and Latin America & the Caribbean (IDA & IBRD countries)?
- 1.13 trillion current US$, with Latin America & the Caribbean (IDA & IBRD countries) ahead.
- How many years of comparable data are there for Australia and Latin America & the Caribbean (IDA & IBRD countries)?
- 64 years are reported by both, from 1960 to 2023.
- How do Australia and Latin America & the Caribbean (IDA & IBRD countries) rank globally for merchandise imports by the reporting economy?
- Australia ranks 22nd and Latin America & the Caribbean (IDA & IBRD countries) ranks 21st of 206 countries.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Merchandise imports by the reporting economy (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.