Merchandise exports to low- and middle-income economies in Latin in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Merchandise exports to low- and middle-income economies in Latin was 10.6% in 2023. ▲ Rising
Merchandise exports to low- and middle-income economies in Latin in Latin America & Caribbean (excluding high income), 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
Latin America & Caribbean (excluding high income) recorded 10.6% for merchandise exports to low- and middle-income economies in latin in 2023.
The figure is down 1.6% on the previous year and down 20.9% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in latin in Latin America & Caribbean (excluding high income) peaked at 15.4% in 1994 and was at its lowest, 6.0%, in 1961.
That places Latin America & Caribbean (excluding high income) 4th out of 47 groups with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 64 years of available data.
Merchandise exports to low- and middle-income economies in Latin in Latin America & Caribbean (excluding high income), year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 7.2% | — |
| 1961 | 6.0% | -16.7% |
| 1962 | 6.4% | +6.5% |
| 1963 | 6.4% | +1.2% |
| 1964 | 8.1% | +25.1% |
| 1965 | 9.1% | +13.3% |
| 1966 | 9.1% | -0.3% |
| 1967 | 9.0% | -1.2% |
| 1968 | 10.2% | +13.6% |
| 1969 | 10.5% | +2.8% |
| 1970 | 10.4% | -0.9% |
| 1971 | 11.5% | +10.2% |
| 1972 | 10.6% | -7.6% |
| 1973 | 11.2% | +5.9% |
| 1974 | 12.6% | +11.9% |
| 1975 | 14.6% | +16.1% |
| 1976 | 13.6% | -7.2% |
| 1977 | 12.8% | -5.5% |
| 1978 | 12.1% | -5.5% |
| 1979 | 12.5% | +3.2% |
| 1980 | 13.2% | +5.7% |
| 1981 | 13.6% | +2.6% |
| 1982 | 12.5% | -7.8% |
| 1983 | 10.1% | -19.5% |
| 1984 | 10.2% | +1.4% |
| 1985 | 9.5% | -6.7% |
| 1986 | 10.5% | +10.0% |
| 1987 | 9.2% | -12.6% |
| 1988 | 10.0% | +9.7% |
| 1989 | 11.0% | +9.3% |
| 1990 | 10.9% | -0.5% |
| 1991 | 10.8% | -1.0% |
| 1992 | 12.7% | +17.2% |
| 1993 | 14.2% | +11.5% |
| 1994 | 15.4% | +8.7% |
| 1995 | 15.0% | -2.8% |
| 1996 | 14.4% | -3.8% |
| 1997 | 14.7% | +2.3% |
| 1998 | 14.4% | -2.2% |
| 1999 | 11.0% | -23.9% |
| 2000 | 11.8% | +7.3% |
| 2001 | 11.4% | -3.1% |
| 2002 | 10.8% | -5.6% |
| 2003 | 10.7% | -0.3% |
| 2004 | 12.1% | +13.3% |
| 2005 | 12.4% | +2.0% |
| 2006 | 12.9% | +4.0% |
| 2007 | 13.4% | +4.0% |
| 2008 | 14.4% | +7.6% |
| 2009 | 13.9% | -3.6% |
| 2010 | 14.3% | +3.2% |
| 2011 | 14.2% | -1.0% |
| 2012 | 13.7% | -3.4% |
| 2013 | 13.4% | -2.1% |
| 2014 | 12.5% | -7.0% |
| 2015 | 12.0% | -4.1% |
| 2016 | 11.7% | -2.0% |
| 2017 | 11.9% | +1.2% |
| 2018 | 11.4% | -4.4% |
| 2019 | 10.5% | -7.7% |
| 2020 | 9.7% | -8.0% |
| 2021 | 10.5% | +8.7% |
| 2022 | 10.8% | +2.9% |
| 2023 | 10.6% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.2% | 6.0% | 10.5% | 10 |
| 1970s | 12.2% | 10.4% | 14.6% | 10 |
| 1980s | 11.0% | 9.2% | 13.6% | 10 |
| 1990s | 13.3% | 10.8% | 15.4% | 10 |
| 2000s | 12.4% | 10.7% | 14.4% | 10 |
| 2010s | 12.6% | 10.5% | 14.3% | 10 |
| 2020s | 10.4% | 9.7% | 10.8% | 4 |
Countries ranked near Latin America & Caribbean (excluding high income)
More private sector data for Latin America & Caribbean (excluding high income)
- Merchandise trade 43.4% (2025)
- Food imports 8.3% (2024)
- Manufactures imports 74.3% (2024)
- Merchandise imports 1.40 trillion current US$ (2025)
- Food exports 19.4% (2025)
- Manufactures exports 61.3% (2025)
- Merchandise exports 1.37 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,178 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2093 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.06 % change on previous year (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is merchandise exports to low- and middle-income economies in latin in Latin America & Caribbean (excluding high income)?
- Merchandise exports to low- and middle-income economies in latin in Latin America & Caribbean (excluding high income) was 10.6% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in latin recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 15.4% in 1994.
- What is the lowest merchandise exports to low- and middle-income economies in latin recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 6.0% in 1961.
- How does Latin America & Caribbean (excluding high income) rank for merchandise exports to low- and middle-income economies in latin?
- Latin America & Caribbean (excluding high income) ranks 4th out of 47 groups with data for 2023.
- Is merchandise exports to low- and middle-income economies in latin rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 20.9%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are 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.