Merchandise exports to low- and middle-income economies outside region in Latin America & Caribbean
Latin America & Caribbean: Merchandise exports to low- and middle-income economies outside region was 20.7% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies outside region 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 outside region in Latin America & Caribbean stood at 20.7%.
Compared with earlier readings it is up 0.6% on the previous year and up 19.2% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies outside region in Latin America & Caribbean peaked at 22.1% in 2021 and was at its lowest, 1.0%, in 1969.
Latin America & Caribbean ranks 25th 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, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 1.1% | — |
| 1961 | 1.3% | +25.6% |
| 1962 | 1.3% | +0.4% |
| 1963 | 1.3% | -4.8% |
| 1964 | 2.0% | +56.9% |
| 1965 | 2.1% | +6.5% |
| 1966 | 1.9% | -11.4% |
| 1967 | 1.4% | -26.1% |
| 1968 | 1.2% | -14.9% |
| 1969 | 1.0% | -12.8% |
| 1970 | 1.3% | +24.2% |
| 1971 | 2.0% | +53.6% |
| 1972 | 2.8% | +40.7% |
| 1973 | 4.0% | +42.5% |
| 1974 | 4.6% | +15.8% |
| 1975 | 4.8% | +5.2% |
| 1976 | 3.0% | -37.8% |
| 1977 | 4.2% | +41.6% |
| 1978 | 4.5% | +5.0% |
| 1979 | 4.3% | -4.1% |
| 1980 | 4.9% | +13.7% |
| 1981 | 6.3% | +29.2% |
| 1982 | 5.6% | -11.4% |
| 1983 | 6.7% | +21.3% |
| 1984 | 6.4% | -5.3% |
| 1985 | 7.7% | +20.2% |
| 1986 | 6.0% | -21.4% |
| 1987 | 5.4% | -11.3% |
| 1988 | 6.6% | +22.6% |
| 1989 | 5.9% | -10.6% |
| 1990 | 5.6% | -4.7% |
| 1991 | 4.5% | -19.1% |
| 1992 | 5.0% | +10.7% |
| 1993 | 4.5% | -11.1% |
| 1994 | 4.6% | +2.9% |
| 1995 | 5.0% | +8.8% |
| 1996 | 5.0% | +1.0% |
| 1997 | 4.9% | -3.5% |
| 1998 | 4.1% | -16.5% |
| 1999 | 3.6% | -12.1% |
| 2000 | 3.5% | -2.7% |
| 2001 | 4.4% | +27.9% |
| 2002 | 5.2% | +18.2% |
| 2003 | 6.6% | +26.2% |
| 2004 | 7.2% | +9.4% |
| 2005 | 7.8% | +7.5% |
| 2006 | 8.0% | +3.5% |
| 2007 | 9.9% | +23.3% |
| 2008 | 10.3% | +4.3% |
| 2009 | 13.2% | +27.7% |
| 2010 | 14.8% | +12.0% |
| 2011 | 15.5% | +4.6% |
| 2012 | 16.6% | +7.3% |
| 2013 | 17.3% | +4.3% |
| 2014 | 16.8% | -3.4% |
| 2015 | 15.9% | -5.1% |
| 2016 | 16.4% | +3.4% |
| 2017 | 18.1% | +10.0% |
| 2018 | 19.5% | +7.6% |
| 2019 | 19.3% | -0.7% |
| 2020 | 21.2% | +9.5% |
| 2021 | 22.1% | +4.4% |
| 2022 | 20.6% | -7.0% |
| 2023 | 20.7% | +0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.5% | 1.0% | 2.1% | 10 |
| 1970s | 3.5% | 1.3% | 4.8% | 10 |
| 1980s | 6.1% | 4.9% | 7.7% | 10 |
| 1990s | 4.7% | 3.6% | 5.6% | 10 |
| 2000s | 7.6% | 3.5% | 13.2% | 10 |
| 2010s | 17.0% | 14.8% | 19.5% | 10 |
| 2020s | 21.1% | 20.6% | 22.1% | 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 outside region in Latin America & Caribbean?
- Merchandise exports to low- and middle-income economies outside region in Latin America & Caribbean was 20.7% 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?
- The highest recorded value was 22.1% in 2021.
- What is the lowest merchandise exports to low- and middle-income economies outside region recorded in Latin America & Caribbean?
- The lowest recorded value was 1.0% in 1969.
- How does Latin America & Caribbean rank for merchandise exports to low- and middle-income economies outside region?
- Latin America & Caribbean ranks 25th 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?
- Over the last ten years it is up 19.2%. The long-run trend across the full record is volatile.
- 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 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.