Commercial service exports in Latin America & Caribbean
Latin America & Caribbean: Commercial service exports was 319.54 billion current US$ in 2025. ◆ Volatile
Commercial service exports in Latin America & Caribbean, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2025, commercial service exports in Latin America & Caribbean stood at 319.54 billion current US$. That is the highest value across all 49 years on record.
The figure is up 6.0% on the previous year and up 77.0% over ten years.
Over the whole period, commercial service exports in Latin America & Caribbean peaked at 319.54 billion current US$ in 2025 and was at its lowest, 11.95 billion current US$, in 1977.
That places Latin America & Caribbean 22nd out of 43 groups with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service exports in Latin America & Caribbean, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 11.95 billion current US$ | — |
| 1978 | 13.51 billion current US$ | +13.0% |
| 1979 | 16.93 billion current US$ | +25.3% |
| 1980 | 18.83 billion current US$ | +11.2% |
| 1981 | 20.02 billion current US$ | +6.3% |
| 1982 | 18.57 billion current US$ | -7.2% |
| 1983 | 17.76 billion current US$ | -4.4% |
| 1984 | 19.09 billion current US$ | +7.5% |
| 1985 | 20.27 billion current US$ | +6.2% |
| 1986 | 21.02 billion current US$ | +3.7% |
| 1987 | 23.39 billion current US$ | +11.3% |
| 1988 | 26.19 billion current US$ | +12.0% |
| 1989 | 30.59 billion current US$ | +16.8% |
| 1990 | 34.64 billion current US$ | +13.3% |
| 1991 | 36.37 billion current US$ | +5.0% |
| 1992 | 40.96 billion current US$ | +12.6% |
| 1993 | 44.68 billion current US$ | +9.1% |
| 1994 | 49.88 billion current US$ | +11.6% |
| 1995 | 51.69 billion current US$ | +3.6% |
| 1996 | 55.30 billion current US$ | +7.0% |
| 1997 | 61.87 billion current US$ | +11.9% |
| 1998 | 56.52 billion current US$ | -8.7% |
| 1999 | 58.63 billion current US$ | +3.7% |
| 2000 | 64.54 billion current US$ | +10.1% |
| 2001 | 63.40 billion current US$ | -1.8% |
| 2002 | 65.20 billion current US$ | +2.8% |
| 2003 | 70.71 billion current US$ | +8.5% |
| 2004 | 79.12 billion current US$ | +11.9% |
| 2005 | 91.55 billion current US$ | +15.7% |
| 2006 | 101.77 billion current US$ | +11.2% |
| 2007 | 119.12 billion current US$ | +17.1% |
| 2008 | 136.06 billion current US$ | +14.2% |
| 2009 | 123.54 billion current US$ | -9.2% |
| 2010 | 137.84 billion current US$ | +11.6% |
| 2011 | 156.74 billion current US$ | +13.7% |
| 2012 | 167.18 billion current US$ | +6.7% |
| 2013 | 174.01 billion current US$ | +4.1% |
| 2014 | 183.45 billion current US$ | +5.4% |
| 2015 | 180.49 billion current US$ | -1.6% |
| 2016 | 187.87 billion current US$ | +4.1% |
| 2017 | 200.70 billion current US$ | +6.8% |
| 2018 | 209.55 billion current US$ | +4.4% |
| 2019 | 215.95 billion current US$ | +3.1% |
| 2020 | 137.88 billion current US$ | -36.2% |
| 2021 | 176.11 billion current US$ | +27.7% |
| 2022 | 243.97 billion current US$ | +38.5% |
| 2023 | 276.14 billion current US$ | +13.2% |
| 2024 | 301.57 billion current US$ | +9.2% |
| 2025 | 319.54 billion current US$ | +6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.13 billion current US$ | 11.95 billion current US$ | 16.93 billion current US$ | 3 |
| 1980s | 21.57 billion current US$ | 17.76 billion current US$ | 30.59 billion current US$ | 10 |
| 1990s | 49.05 billion current US$ | 34.64 billion current US$ | 61.87 billion current US$ | 10 |
| 2000s | 91.50 billion current US$ | 63.40 billion current US$ | 136.06 billion current US$ | 10 |
| 2010s | 181.38 billion current US$ | 137.84 billion current US$ | 215.95 billion current US$ | 10 |
| 2020s | 242.53 billion current US$ | 137.88 billion current US$ | 319.54 billion current US$ | 6 |
Countries ranked near Latin America & Caribbean
- 19 Poland 130.41 billion current US$ compare
- 20 Denmark 128.42 billion current US$ compare
- 21 Türkiye 116.82 billion current US$ compare
- 22 Hong Kong 108.59 billion current US$ compare
- 23 Austria 104.54 billion current US$ compare
- 24 Israel 92.33 billion current US$ compare
- 25 Australia 90.93 billion current US$ compare
More private sector data for Latin America & Caribbean
- Merchandise trade 44.2% (2025)
- Food imports 9.1% (2024)
- Manufactures imports 73.2% (2024)
- Merchandise imports 1.66 trillion current US$ (2025)
- Food exports 24.7% (2024)
- Manufactures exports 46.5% (2024)
- Merchandise exports 1.67 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,503 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2256 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.02 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports in Latin America & Caribbean?
- Commercial service exports in Latin America & Caribbean was 319.54 billion current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service exports recorded in Latin America & Caribbean?
- The highest recorded value was 319.54 billion current US$ in 2025.
- What is the lowest commercial service exports recorded in Latin America & Caribbean?
- The lowest recorded value was 11.95 billion current US$ in 1977.
- How does Latin America & Caribbean rank for commercial service exports?
- Latin America & Caribbean ranks 22nd out of 43 groups with data for 2025.
- Is commercial service exports rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 77.0%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service exports (current US$). Statizoid updates them automatically from the source API.
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About this data
Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.