Merchandise exports to low- and middle-income economies within region in Latin America & Caribbean
Latin America & Caribbean: Merchandise exports to low- and middle-income economies within region was 11.1% in 2023. ▲ Rising
Merchandise exports to low- and middle-income economies within region in Latin America & Caribbean, 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 within region in Latin America & Caribbean is 11.1%, measured in 2023.
Compared with earlier readings it is down 1.5% on the previous year and down 21.5% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies within region in Latin America & Caribbean peaked at 16.1% in 1994 and was at its lowest, 5.9%, in 1961.
Latin America & Caribbean ranks 33rd of 46 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 64 years of available data.
Merchandise exports to low- and middle-income economies within region in Latin America & Caribbean, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 6.9% | — |
| 1961 | 5.9% | -14.0% |
| 1962 | 6.4% | +8.4% |
| 1963 | 6.5% | +1.1% |
| 1964 | 7.9% | +21.9% |
| 1965 | 8.8% | +10.3% |
| 1966 | 8.7% | -0.1% |
| 1967 | 8.8% | +0.2% |
| 1968 | 9.9% | +12.6% |
| 1969 | 10.4% | +5.0% |
| 1970 | 10.4% | -0.0% |
| 1971 | 11.6% | +12.2% |
| 1972 | 10.6% | -9.0% |
| 1973 | 11.1% | +4.7% |
| 1974 | 12.4% | +11.9% |
| 1975 | 14.0% | +12.5% |
| 1976 | 13.1% | -6.0% |
| 1977 | 12.7% | -3.1% |
| 1978 | 12.2% | -3.8% |
| 1979 | 12.9% | +5.6% |
| 1980 | 13.6% | +5.6% |
| 1981 | 13.4% | -2.0% |
| 1982 | 12.5% | -6.6% |
| 1983 | 10.0% | -20.2% |
| 1984 | 10.2% | +2.4% |
| 1985 | 9.6% | -5.8% |
| 1986 | 10.8% | +11.9% |
| 1987 | 9.6% | -10.4% |
| 1988 | 10.3% | +6.9% |
| 1989 | 11.2% | +9.3% |
| 1990 | 11.4% | +1.4% |
| 1991 | 11.4% | -0.1% |
| 1992 | 13.3% | +16.4% |
| 1993 | 14.8% | +11.2% |
| 1994 | 16.1% | +9.4% |
| 1995 | 15.8% | -2.3% |
| 1996 | 15.3% | -3.0% |
| 1997 | 15.6% | +1.9% |
| 1998 | 15.5% | -0.5% |
| 1999 | 12.1% | -22.2% |
| 2000 | 12.6% | +4.7% |
| 2001 | 12.4% | -1.8% |
| 2002 | 11.6% | -6.4% |
| 2003 | 11.7% | +0.7% |
| 2004 | 12.8% | +9.4% |
| 2005 | 13.1% | +2.4% |
| 2006 | 13.5% | +2.9% |
| 2007 | 13.9% | +3.4% |
| 2008 | 15.2% | +9.0% |
| 2009 | 14.4% | -5.1% |
| 2010 | 14.9% | +3.4% |
| 2011 | 14.7% | -1.3% |
| 2012 | 14.2% | -3.5% |
| 2013 | 14.1% | -0.7% |
| 2014 | 13.2% | -6.4% |
| 2015 | 12.8% | -3.0% |
| 2016 | 12.5% | -2.4% |
| 2017 | 12.5% | +0.2% |
| 2018 | 11.9% | -5.2% |
| 2019 | 11.1% | -6.9% |
| 2020 | 10.2% | -7.9% |
| 2021 | 10.9% | +7.5% |
| 2022 | 11.2% | +2.8% |
| 2023 | 11.1% | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.0% | 5.9% | 10.4% | 10 |
| 1970s | 12.1% | 10.4% | 14.0% | 10 |
| 1980s | 11.1% | 9.6% | 13.6% | 10 |
| 1990s | 14.1% | 11.4% | 16.1% | 10 |
| 2000s | 13.1% | 11.6% | 15.2% | 10 |
| 2010s | 13.2% | 11.1% | 14.9% | 10 |
| 2020s | 10.9% | 10.2% | 11.2% | 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 within region in Latin America & Caribbean?
- Merchandise exports to low- and middle-income economies within region in Latin America & Caribbean was 11.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies within region recorded in Latin America & Caribbean?
- The highest recorded value was 16.1% in 1994.
- What is the lowest merchandise exports to low- and middle-income economies within region recorded in Latin America & Caribbean?
- The lowest recorded value was 5.9% in 1961.
- How does Latin America & Caribbean rank for merchandise exports to low- and middle-income economies within region?
- Latin America & Caribbean ranks 33rd out of 46 groups with data for 2023.
- Is merchandise exports to low- and middle-income economies within region rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 21.5%. 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 within 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 within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.