Merchandise exports to low- and middle-income economies in in Latin America & Caribbean
Latin America & Caribbean: Merchandise exports to low- and middle-income economies in was 0.7% in 2023. ▲ Rising
Merchandise exports to low- and middle-income economies in in Latin America & Caribbean, 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 in Latin America & Caribbean stood at 0.7%.
The figure is down 14.1% on the previous year and down 29.1% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in in Latin America & Caribbean peaked at 2.1% in 1985 and was at its lowest, 0.3%, in 1960.
That places Latin America & Caribbean 44th out of 47 groups with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 64 years of available data.
Merchandise exports to low- and middle-income economies in in Latin America & Caribbean, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 0.3% | — |
| 1961 | 0.4% | +29.2% |
| 1962 | 0.5% | +14.6% |
| 1963 | 0.4% | -5.1% |
| 1964 | 0.4% | -0.5% |
| 1965 | 0.5% | +7.0% |
| 1966 | 0.4% | -23.6% |
| 1967 | 0.4% | +15.4% |
| 1968 | 0.5% | +12.0% |
| 1969 | 0.4% | -13.7% |
| 1970 | 0.5% | +17.8% |
| 1971 | 0.5% | +9.9% |
| 1972 | 0.4% | -32.2% |
| 1973 | 0.6% | +77.3% |
| 1974 | 0.7% | +19.5% |
| 1975 | 1.0% | +32.3% |
| 1976 | 0.6% | -38.8% |
| 1977 | 0.8% | +33.2% |
| 1978 | 1.3% | +55.7% |
| 1979 | 1.3% | -0.1% |
| 1980 | 1.5% | +19.2% |
| 1981 | 2.1% | +41.9% |
| 1982 | 1.6% | -26.3% |
| 1983 | 1.4% | -8.6% |
| 1984 | 1.7% | +19.8% |
| 1985 | 2.1% | +24.1% |
| 1986 | 1.0% | -51.3% |
| 1987 | 1.1% | +2.5% |
| 1988 | 1.0% | -9.9% |
| 1989 | 0.8% | -13.7% |
| 1990 | 0.8% | -0.3% |
| 1991 | 0.7% | -11.9% |
| 1992 | 1.0% | +38.3% |
| 1993 | 0.7% | -34.5% |
| 1994 | 0.8% | +17.2% |
| 1995 | 0.7% | -7.6% |
| 1996 | 0.7% | +1.7% |
| 1997 | 0.6% | -15.6% |
| 1998 | 0.6% | -7.1% |
| 1999 | 0.5% | -15.1% |
| 2000 | 0.4% | -10.8% |
| 2001 | 0.6% | +44.6% |
| 2002 | 0.7% | +12.4% |
| 2003 | 0.7% | -3.7% |
| 2004 | 0.8% | +15.5% |
| 2005 | 1.0% | +33.1% |
| 2006 | 1.1% | +8.4% |
| 2007 | 1.2% | +6.4% |
| 2008 | 1.2% | +2.5% |
| 2009 | 1.2% | -1.6% |
| 2010 | 1.0% | -19.2% |
| 2011 | 1.1% | +9.0% |
| 2012 | 1.1% | +1.7% |
| 2013 | 1.0% | -3.8% |
| 2014 | 1.0% | -4.6% |
| 2015 | 0.9% | -13.3% |
| 2016 | 0.8% | -2.6% |
| 2017 | 0.8% | -5.5% |
| 2018 | 0.7% | -8.2% |
| 2019 | 0.7% | -4.2% |
| 2020 | 0.7% | +2.6% |
| 2021 | 0.8% | +5.6% |
| 2022 | 0.9% | +13.7% |
| 2023 | 0.7% | -14.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.4% | 0.3% | 0.5% | 10 |
| 1970s | 0.8% | 0.4% | 1.3% | 10 |
| 1980s | 1.4% | 0.8% | 2.1% | 10 |
| 1990s | 0.7% | 0.5% | 1.0% | 10 |
| 2000s | 0.9% | 0.4% | 1.2% | 10 |
| 2010s | 0.9% | 0.7% | 1.1% | 10 |
| 2020s | 0.8% | 0.7% | 0.9% | 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 low- and middle-income economies in in Latin America & Caribbean?
- Merchandise exports to low- and middle-income economies in in Latin America & Caribbean was 0.7% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in recorded in Latin America & Caribbean?
- The highest recorded value was 2.1% in 1985.
- What is the lowest merchandise exports to low- and middle-income economies in recorded in Latin America & Caribbean?
- The lowest recorded value was 0.3% in 1960.
- How does Latin America & Caribbean rank for merchandise exports to low- and middle-income economies in?
- Latin America & Caribbean ranks 44th out of 47 groups with data for 2023.
- Is merchandise exports to low- and middle-income economies in rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 29.1%. The long-run trend across the full record is rising.
- 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 low- and middle-income economies in Sub-Saharan Africa (% 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 Sub-Saharan Africa are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Sub-Saharan Africa 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.