Merchandise exports to low- and middle-income economies in Latin in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Merchandise exports to low- and middle-income economies in Latin was 11.1% in 2023. ▲ Rising
Merchandise exports to low- and middle-income economies in Latin in Latin America & the Caribbean (IDA & IBRD countries), 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
In 2023, merchandise exports to low- and middle-income economies in latin in Latin America & the Caribbean (IDA & IBRD countries) stood at 11.1%.
The figure is down 1.5% on the previous year and down 21.7% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in latin in Latin America & the Caribbean (IDA & IBRD countries) peaked at 16.2% in 1994 and was at its lowest, 5.9%, in 1961.
That places Latin America & the Caribbean (IDA & IBRD countries) 2nd 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 & the Caribbean (IDA & IBRD countries), year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 6.9% | — |
| 1961 | 5.9% | -14.0% |
| 1962 | 6.4% | +8.5% |
| 1963 | 6.5% | +1.1% |
| 1964 | 8.0% | +22.0% |
| 1965 | 8.8% | +10.2% |
| 1966 | 8.8% | -0.1% |
| 1967 | 8.8% | +0.3% |
| 1968 | 9.9% | +12.8% |
| 1969 | 10.4% | +5.0% |
| 1970 | 10.4% | +0.1% |
| 1971 | 11.9% | +14.1% |
| 1972 | 10.8% | -9.1% |
| 1973 | 11.3% | +4.9% |
| 1974 | 12.8% | +13.2% |
| 1975 | 14.9% | +16.0% |
| 1976 | 14.1% | -5.1% |
| 1977 | 13.5% | -4.1% |
| 1978 | 13.0% | -4.3% |
| 1979 | 13.5% | +4.3% |
| 1980 | 14.2% | +4.8% |
| 1981 | 14.2% | +0.3% |
| 1982 | 13.2% | -6.6% |
| 1983 | 10.5% | -20.9% |
| 1984 | 10.6% | +1.2% |
| 1985 | 9.9% | -6.4% |
| 1986 | 11.2% | +12.6% |
| 1987 | 10.0% | -10.7% |
| 1988 | 10.6% | +6.3% |
| 1989 | 11.6% | +9.3% |
| 1990 | 11.5% | -0.9% |
| 1991 | 11.5% | +0.1% |
| 1992 | 13.4% | +16.8% |
| 1993 | 14.9% | +11.0% |
| 1994 | 16.2% | +8.9% |
| 1995 | 15.9% | -2.2% |
| 1996 | 15.4% | -3.0% |
| 1997 | 15.7% | +1.7% |
| 1998 | 15.6% | -0.5% |
| 1999 | 12.1% | -22.4% |
| 2000 | 12.7% | +4.7% |
| 2001 | 12.4% | -1.8% |
| 2002 | 11.6% | -6.4% |
| 2003 | 11.7% | +0.8% |
| 2004 | 12.8% | +9.5% |
| 2005 | 13.1% | +2.3% |
| 2006 | 13.5% | +2.9% |
| 2007 | 14.0% | +3.5% |
| 2008 | 15.2% | +8.9% |
| 2009 | 14.5% | -5.0% |
| 2010 | 15.0% | +3.3% |
| 2011 | 14.8% | -1.3% |
| 2012 | 14.2% | -3.6% |
| 2013 | 14.2% | -0.5% |
| 2014 | 13.3% | -6.4% |
| 2015 | 12.8% | -3.1% |
| 2016 | 12.5% | -2.5% |
| 2017 | 12.6% | +0.3% |
| 2018 | 11.9% | -5.2% |
| 2019 | 11.1% | -6.8% |
| 2020 | 10.2% | -8.0% |
| 2021 | 11.0% | +7.5% |
| 2022 | 11.3% | +2.7% |
| 2023 | 11.1% | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.0% | 5.9% | 10.4% | 10 |
| 1970s | 12.6% | 10.4% | 14.9% | 10 |
| 1980s | 11.6% | 9.9% | 14.2% | 10 |
| 1990s | 14.2% | 11.5% | 16.2% | 10 |
| 2000s | 13.2% | 11.6% | 15.2% | 10 |
| 2010s | 13.2% | 11.1% | 15.0% | 10 |
| 2020s | 10.9% | 10.2% | 11.3% | 4 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
More private sector data for Latin America & the Caribbean (IDA & IBRD countries)
- Merchandise trade 44.2% (2025)
- Food imports 9.0% (2024)
- Manufactures imports 73.2% (2024)
- Merchandise imports 1.57 trillion current US$ (2025)
- Food exports 19.7% (2025)
- Manufactures exports 56.4% (2025)
- Merchandise exports 1.55 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,373 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2193 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.04 % change on previous year (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is merchandise exports to low- and middle-income economies in latin in Latin America & the Caribbean (IDA & IBRD countries)?
- Merchandise exports to low- and middle-income economies in latin in Latin America & the Caribbean (IDA & IBRD countries) was 11.1% 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 16.2% in 1994.
- What is the lowest merchandise exports to low- and middle-income economies in latin recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 5.9% in 1961.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for merchandise exports to low- and middle-income economies in latin?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 2nd 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 & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is down 21.7%. The long-run trend across the full record is rising.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) 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.
Download this data
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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.