Merchandise exports to high-income economies in Latin America & Caribbean
Latin America & Caribbean: Merchandise exports to high-income economies was 68.0% in 2023. ▼ Falling
Merchandise exports to high-income economies in Latin America & Caribbean, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to high-income economies in Latin America & Caribbean is 68.0%, measured in 2023.
Compared with earlier readings it is up 0.1% on the previous year and up 1.3% over ten years.
Over the whole period, merchandise exports to high-income economies in Latin America & Caribbean peaked at 92.5% in 1961 and was at its lowest, 66.8%, in 2021.
That places Latin America & Caribbean 14th out of 47 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise exports to high-income economies in Latin America & Caribbean, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 91.8% | — |
| 1961 | 92.5% | +0.8% |
| 1962 | 92.0% | -0.5% |
| 1963 | 91.9% | -0.1% |
| 1964 | 89.6% | -2.5% |
| 1965 | 88.8% | -1.0% |
| 1966 | 89.1% | +0.3% |
| 1967 | 89.5% | +0.5% |
| 1968 | 88.6% | -1.1% |
| 1969 | 88.1% | -0.5% |
| 1970 | 87.9% | -0.3% |
| 1971 | 85.7% | -2.5% |
| 1972 | 86.0% | +0.3% |
| 1973 | 84.2% | -2.1% |
| 1974 | 82.3% | -2.3% |
| 1975 | 80.2% | -2.5% |
| 1976 | 82.6% | +3.0% |
| 1977 | 81.4% | -1.5% |
| 1978 | 81.4% | +0.1% |
| 1979 | 81.2% | -0.3% |
| 1980 | 80.4% | -1.0% |
| 1981 | 79.0% | -1.7% |
| 1982 | 80.4% | +1.8% |
| 1983 | 82.6% | +2.7% |
| 1984 | 82.6% | -0.0% |
| 1985 | 82.0% | -0.8% |
| 1986 | 82.2% | +0.4% |
| 1987 | 83.9% | +2.0% |
| 1988 | 81.9% | -2.4% |
| 1989 | 82.2% | +0.3% |
| 1990 | 82.2% | +0.0% |
| 1991 | 83.0% | +1.0% |
| 1992 | 80.5% | -3.0% |
| 1993 | 79.6% | -1.1% |
| 1994 | 78.4% | -1.5% |
| 1995 | 78.0% | -0.6% |
| 1996 | 78.6% | +0.8% |
| 1997 | 78.4% | -0.3% |
| 1998 | 79.2% | +1.1% |
| 1999 | 83.5% | +5.4% |
| 2000 | 82.9% | -0.7% |
| 2001 | 81.8% | -1.4% |
| 2002 | 82.1% | +0.5% |
| 2003 | 81.0% | -1.4% |
| 2004 | 78.7% | -2.8% |
| 2005 | 77.7% | -1.3% |
| 2006 | 76.8% | -1.1% |
| 2007 | 74.0% | -3.7% |
| 2008 | 72.2% | -2.3% |
| 2009 | 70.4% | -2.5% |
| 2010 | 68.9% | -2.1% |
| 2011 | 68.4% | -0.8% |
| 2012 | 67.6% | -1.2% |
| 2013 | 67.1% | -0.6% |
| 2014 | 68.8% | +2.4% |
| 2015 | 70.3% | +2.2% |
| 2016 | 70.6% | +0.4% |
| 2017 | 69.1% | -2.1% |
| 2018 | 68.4% | -1.0% |
| 2019 | 69.5% | +1.6% |
| 2020 | 68.5% | -1.4% |
| 2021 | 66.8% | -2.5% |
| 2022 | 68.0% | +1.8% |
| 2023 | 68.0% | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 90.2% | 88.1% | 92.5% | 10 |
| 1970s | 83.3% | 80.2% | 87.9% | 10 |
| 1980s | 81.7% | 79.0% | 83.9% | 10 |
| 1990s | 80.1% | 78.0% | 83.5% | 10 |
| 2000s | 77.8% | 70.4% | 82.9% | 10 |
| 2010s | 68.9% | 67.1% | 70.6% | 10 |
| 2020s | 67.8% | 66.8% | 68.5% | 4 |
Countries ranked near Latin America & Caribbean
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 merchandise exports to high-income economies in Latin America & Caribbean?
- Merchandise exports to high-income economies in Latin America & Caribbean was 68.0% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Latin America & Caribbean?
- The highest recorded value was 92.5% in 1961.
- What is the lowest merchandise exports to high-income economies recorded in Latin America & Caribbean?
- The lowest recorded value was 66.8% in 2021.
- How does Latin America & Caribbean rank for merchandise exports to high-income economies?
- Latin America & Caribbean ranks 14th out of 47 groups with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 1.3%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.