Merchandise exports to low- and middle-income economies outside region in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Merchandise exports to low- and middle-income economies outside region was 19.2% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies outside region in Latin America & Caribbean (excluding high income), 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to low- and middle-income economies outside region in Latin America & Caribbean (excluding high income) is 19.2%, measured in 2023.
The figure is up 1.6% on the previous year and up 16.3% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies outside region in Latin America & Caribbean (excluding high income) peaked at 20.4% in 2021 and was at its lowest, 1.1%, in 1960.
Latin America & Caribbean (excluding high income) ranks 30th of 47 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies outside region in Latin America & Caribbean (excluding high income), year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 1.1% | — |
| 1961 | 1.3% | +25.1% |
| 1962 | 1.5% | +8.2% |
| 1963 | 1.4% | -2.1% |
| 1964 | 2.3% | +62.2% |
| 1965 | 2.4% | +2.6% |
| 1966 | 2.2% | -8.1% |
| 1967 | 1.5% | -29.2% |
| 1968 | 1.3% | -13.6% |
| 1969 | 1.2% | -12.3% |
| 1970 | 1.5% | +24.5% |
| 1971 | 2.3% | +56.8% |
| 1972 | 3.0% | +32.9% |
| 1973 | 4.5% | +49.2% |
| 1974 | 4.9% | +8.4% |
| 1975 | 5.2% | +5.9% |
| 1976 | 3.4% | -34.8% |
| 1977 | 4.9% | +44.6% |
| 1978 | 5.1% | +4.7% |
| 1979 | 4.9% | -4.1% |
| 1980 | 5.5% | +11.3% |
| 1981 | 7.0% | +28.4% |
| 1982 | 6.1% | -13.2% |
| 1983 | 7.2% | +18.0% |
| 1984 | 6.9% | -4.3% |
| 1985 | 8.2% | +19.6% |
| 1986 | 6.6% | -19.3% |
| 1987 | 5.8% | -12.7% |
| 1988 | 7.0% | +21.2% |
| 1989 | 6.2% | -11.1% |
| 1990 | 5.9% | -6.2% |
| 1991 | 4.7% | -20.0% |
| 1992 | 5.1% | +8.4% |
| 1993 | 4.5% | -11.4% |
| 1994 | 4.6% | +2.3% |
| 1995 | 4.9% | +7.5% |
| 1996 | 5.0% | +0.9% |
| 1997 | 4.8% | -4.3% |
| 1998 | 4.0% | -16.2% |
| 1999 | 3.5% | -13.3% |
| 2000 | 3.2% | -8.6% |
| 2001 | 4.2% | +32.5% |
| 2002 | 5.0% | +18.4% |
| 2003 | 6.2% | +25.6% |
| 2004 | 6.7% | +6.7% |
| 2005 | 7.1% | +7.1% |
| 2006 | 7.4% | +3.8% |
| 2007 | 8.8% | +18.2% |
| 2008 | 9.8% | +12.3% |
| 2009 | 11.9% | +21.4% |
| 2010 | 13.6% | +14.1% |
| 2011 | 14.7% | +7.6% |
| 2012 | 15.8% | +8.0% |
| 2013 | 16.5% | +4.1% |
| 2014 | 15.7% | -4.6% |
| 2015 | 14.9% | -5.4% |
| 2016 | 15.4% | +3.4% |
| 2017 | 17.1% | +11.2% |
| 2018 | 18.1% | +5.6% |
| 2019 | 18.1% | +0.0% |
| 2020 | 19.4% | +7.4% |
| 2021 | 20.4% | +5.1% |
| 2022 | 18.9% | -7.4% |
| 2023 | 19.2% | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.6% | 1.1% | 2.4% | 10 |
| 1970s | 4.0% | 1.5% | 5.2% | 10 |
| 1980s | 6.7% | 5.5% | 8.2% | 10 |
| 1990s | 4.7% | 3.5% | 5.9% | 10 |
| 2000s | 7.0% | 3.2% | 11.9% | 10 |
| 2010s | 16.0% | 13.6% | 18.1% | 10 |
| 2020s | 19.5% | 18.9% | 20.4% | 4 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 27 Peru 42.0% compare
- 28 Mozambique 41.6% compare
- 29 Saudi Arabia 40.5% compare
- 30 Kuwait 39.5% compare
- 31 United States 38.9% compare
- 32 Oman 36.6% compare
- 33 Cameroon 35.9% compare
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 outside region in Latin America & Caribbean (excluding high income)?
- Merchandise exports to low- and middle-income economies outside region in Latin America & Caribbean (excluding high income) was 19.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies outside region recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 20.4% in 2021.
- What is the lowest merchandise exports to low- and middle-income economies outside region recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 1.1% in 1960.
- How does Latin America & Caribbean (excluding high income) rank for merchandise exports to low- and middle-income economies outside region?
- Latin America & Caribbean (excluding high income) ranks 30th out of 47 groups with data for 2023.
- Is merchandise exports to low- and middle-income economies outside region rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 16.3%. The long-run trend across the full record is volatile.
- 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 outside region (% 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 outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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.