Commercial service imports (current US$) in Latin America & Caribbean
Latin America & Caribbean: Commercial service imports (current US$) was 372.37 billion current US$ in 2025. ◆ Volatile
Commercial service imports in Latin America & Caribbean, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2025, commercial service imports in Latin America & Caribbean stood at 372.37 billion current US$. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 6.4% on the previous year and up 52.2% over ten years.
Over the whole period, commercial service imports in Latin America & Caribbean peaked at 372.37 billion current US$ in 2025 and was at its lowest, 12.55 billion current US$, in 1976.
That places Latin America & Caribbean 23rd out of 47 groups with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service imports (current US$) in Latin America & Caribbean, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 12.55 billion current US$ | — |
| 1977 | 15.62 billion current US$ | +24.5% |
| 1978 | 18.87 billion current US$ | +20.8% |
| 1979 | 23.08 billion current US$ | +22.3% |
| 1980 | 29.23 billion current US$ | +26.7% |
| 1981 | 32.78 billion current US$ | +12.1% |
| 1982 | 29.63 billion current US$ | -9.6% |
| 1983 | 22.46 billion current US$ | -24.2% |
| 1984 | 22.90 billion current US$ | +1.9% |
| 1985 | 22.64 billion current US$ | -1.1% |
| 1986 | 24.30 billion current US$ | +7.4% |
| 1987 | 24.72 billion current US$ | +1.7% |
| 1988 | 27.60 billion current US$ | +11.6% |
| 1989 | 29.93 billion current US$ | +8.5% |
| 1990 | 35.82 billion current US$ | +19.7% |
| 1991 | 38.54 billion current US$ | +7.6% |
| 1992 | 44.02 billion current US$ | +14.2% |
| 1993 | 49.78 billion current US$ | +13.1% |
| 1994 | 53.88 billion current US$ | +8.2% |
| 1995 | 57.09 billion current US$ | +6.0% |
| 1996 | 58.66 billion current US$ | +2.7% |
| 1997 | 67.95 billion current US$ | +15.8% |
| 1998 | 70.56 billion current US$ | +3.8% |
| 1999 | 66.83 billion current US$ | -5.3% |
| 2000 | 74.97 billion current US$ | +12.2% |
| 2001 | 74.77 billion current US$ | -0.3% |
| 2002 | 72.24 billion current US$ | -3.4% |
| 2003 | 74.85 billion current US$ | +3.6% |
| 2004 | 85.62 billion current US$ | +14.4% |
| 2005 | 102.09 billion current US$ | +19.2% |
| 2006 | 114.89 billion current US$ | +12.5% |
| 2007 | 140.89 billion current US$ | +22.6% |
| 2008 | 167.92 billion current US$ | +19.2% |
| 2009 | 155.14 billion current US$ | -7.6% |
| 2010 | 192.15 billion current US$ | +23.9% |
| 2011 | 228.91 billion current US$ | +19.1% |
| 2012 | 246.10 billion current US$ | +7.5% |
| 2013 | 261.98 billion current US$ | +6.5% |
| 2014 | 269.57 billion current US$ | +2.9% |
| 2015 | 244.65 billion current US$ | -9.2% |
| 2016 | 233.68 billion current US$ | -4.5% |
| 2017 | 254.08 billion current US$ | +8.7% |
| 2018 | 261.06 billion current US$ | +2.7% |
| 2019 | 255.91 billion current US$ | -2.0% |
| 2020 | 185.16 billion current US$ | -27.6% |
| 2021 | 235.53 billion current US$ | +27.2% |
| 2022 | 309.94 billion current US$ | +31.6% |
| 2023 | 327.75 billion current US$ | +5.7% |
| 2024 | 349.88 billion current US$ | +6.8% |
| 2025 | 372.37 billion current US$ | +6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.53 billion current US$ | 12.55 billion current US$ | 23.08 billion current US$ | 4 |
| 1980s | 26.62 billion current US$ | 22.46 billion current US$ | 32.78 billion current US$ | 10 |
| 1990s | 54.31 billion current US$ | 35.82 billion current US$ | 70.56 billion current US$ | 10 |
| 2000s | 106.34 billion current US$ | 72.24 billion current US$ | 167.92 billion current US$ | 10 |
| 2010s | 244.81 billion current US$ | 192.15 billion current US$ | 269.57 billion current US$ | 10 |
| 2020s | 296.77 billion current US$ | 185.16 billion current US$ | 372.37 billion current US$ | 6 |
Countries ranked near Latin America & Caribbean
- 20 Saudi Arabia 122.08 billion current US$ compare
- 21 Australia 114.67 billion current US$ compare
- 22 Brazil 102.70 billion current US$ compare
- 23 Austria 98.05 billion current US$ compare
- 24 Russia 93.65 billion current US$ compare
- 25 Hong Kong 93.42 billion current US$ compare
- 26 Poland 86.33 billion current US$ compare
More private sector data for Latin America & Caribbean
- Merchandise trade 44.2% (2025)
- Food imports 8.5% (2025)
- Manufactures imports 76.0% (2025)
- Merchandise imports 1.66 trillion current US$ (2025)
- Food exports 23.6% (2025)
- Manufactures exports 49.3% (2025)
- Merchandise exports 1.67 trillion current US$ (2025)
- Commercial service exports 320.79 billion 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)
Frequently asked questions
- What is commercial service imports in Latin America & Caribbean?
- Commercial service imports in Latin America & Caribbean was 372.37 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 imports recorded in Latin America & Caribbean?
- The highest recorded value was 372.37 billion current US$ in 2025.
- What is the lowest commercial service imports recorded in Latin America & Caribbean?
- The lowest recorded value was 12.55 billion current US$ in 1976.
- How does Latin America & Caribbean rank for commercial service imports?
- Latin America & Caribbean ranks 23rd out of 47 groups with data for 2025.
- Is commercial service imports rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 52.2%. 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 imports (current US$). Statizoid updates them automatically from the source API.
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About this data
Commercial service imports are total service imports minus imports of government services not included elsewhere. Imports of services are services provided by non-residents to 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.