Merchandise imports by the reporting economy (current US$), annual in Latin America & Caribbean
Latin America & Caribbean: Merchandise imports by the reporting economy (current US$), annual was -5.87 % change on previous year in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), annual in Latin America & Caribbean, 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latin America & Caribbean recorded -5.87 % change on previous year for merchandise imports by the reporting economy (current us$), annual in 2023.
Compared with earlier readings it is down 129.3% on the previous year and down 319.2% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), annual in Latin America & Caribbean peaked at 75.69 % change on previous year in 1974 and was at its lowest, -24.89 % change on previous year, in 2009.
That places Latin America & Caribbean 32nd out of 44 groups with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$), annual in Latin America & Caribbean, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 4.34 % change on previous year | — |
| 1962 | 0.2693 % change on previous year | -93.8% |
| 1963 | 1.17 % change on previous year | +334.4% |
| 1964 | 8.2 % change on previous year | +600.9% |
| 1965 | 4.94 % change on previous year | -39.7% |
| 1966 | 11.2 % change on previous year | +126.7% |
| 1967 | 4.74 % change on previous year | -57.7% |
| 1968 | 9.93 % change on previous year | +109.6% |
| 1969 | 7.83 % change on previous year | -21.1% |
| 1970 | 15.13 % change on previous year | +93.2% |
| 1971 | 11.26 % change on previous year | -25.6% |
| 1972 | 13.11 % change on previous year | +16.5% |
| 1973 | 31.2 % change on previous year | +138.0% |
| 1974 | 75.69 % change on previous year | +142.6% |
| 1975 | 8.68 % change on previous year | -88.5% |
| 1976 | 1.45 % change on previous year | -83.3% |
| 1977 | 12.27 % change on previous year | +746.6% |
| 1978 | 14.25 % change on previous year | +16.2% |
| 1979 | 24.17 % change on previous year | +69.5% |
| 1980 | 26.3 % change on previous year | +8.8% |
| 1981 | 11.84 % change on previous year | -55.0% |
| 1982 | -20.24 % change on previous year | -270.9% |
| 1983 | -24.1 % change on previous year | +19.1% |
| 1984 | 4.68 % change on previous year | -119.4% |
| 1985 | 1.59 % change on previous year | -65.9% |
| 1986 | -0.1979 % change on previous year | -112.4% |
| 1987 | 11.55 % change on previous year | -5933.8% |
| 1988 | 12.18 % change on previous year | +5.5% |
| 1989 | 6.81 % change on previous year | -44.1% |
| 1990 | 14.08 % change on previous year | +106.8% |
| 1991 | 29.56 % change on previous year | +110.0% |
| 1992 | 20.16 % change on previous year | -31.8% |
| 1993 | 12.3 % change on previous year | -39.0% |
| 1994 | 14.26 % change on previous year | +15.9% |
| 1995 | 11.01 % change on previous year | -22.8% |
| 1996 | 13.72 % change on previous year | +24.6% |
| 1997 | 19.84 % change on previous year | +44.6% |
| 1998 | 6.36 % change on previous year | -68.0% |
| 1999 | -2.27 % change on previous year | -135.7% |
| 2000 | 12.97 % change on previous year | -671.8% |
| 2001 | -2.47 % change on previous year | -119.0% |
| 2002 | -6.55 % change on previous year | +165.9% |
| 2003 | 4.09 % change on previous year | -162.4% |
| 2004 | 21.42 % change on previous year | +423.7% |
| 2005 | 18.69 % change on previous year | -12.8% |
| 2006 | 19.01 % change on previous year | +1.7% |
| 2007 | 19.78 % change on previous year | +4.1% |
| 2008 | 21.63 % change on previous year | +9.4% |
| 2009 | -24.89 % change on previous year | -215.1% |
| 2010 | 29.29 % change on previous year | -217.7% |
| 2011 | 22.31 % change on previous year | -23.8% |
| 2012 | 4.59 % change on previous year | -79.4% |
| 2013 | 2.68 % change on previous year | -41.6% |
| 2014 | -0.4755 % change on previous year | -117.7% |
| 2015 | -10.66 % change on previous year | +2142.0% |
| 2016 | -8.88 % change on previous year | -16.7% |
| 2017 | 8.6 % change on previous year | -196.8% |
| 2018 | 10.05 % change on previous year | +16.8% |
| 2019 | -4 % change on previous year | -139.8% |
| 2020 | -14.98 % change on previous year | +274.2% |
| 2021 | 39.6 % change on previous year | -364.4% |
| 2022 | 20.07 % change on previous year | -49.3% |
| 2023 | -5.87 % change on previous year | -129.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.85 % change on previous year | 0.2693 % change on previous year | 11.2 % change on previous year | 9 |
| 1970s | 20.72 % change on previous year | 1.45 % change on previous year | 75.69 % change on previous year | 10 |
| 1980s | 3.04 % change on previous year | -24.1 % change on previous year | 26.3 % change on previous year | 10 |
| 1990s | 13.9 % change on previous year | -2.27 % change on previous year | 29.56 % change on previous year | 10 |
| 2000s | 8.37 % change on previous year | -24.89 % change on previous year | 21.63 % change on previous year | 10 |
| 2010s | 5.35 % change on previous year | -10.66 % change on previous year | 29.29 % change on previous year | 10 |
| 2020s | 9.71 % change on previous year | -14.98 % change on previous year | 39.6 % change on previous year | 4 |
Countries ranked near Latin America & Caribbean
- 29 Palau 14.94 % change on previous year compare
- 30 Saudi Arabia 14.81 % change on previous year compare
- 31 Grenada 13.78 % change on previous year compare
- 32 Libya 12.82 % change on previous year compare
- 33 Dominica 12.53 % change on previous year compare
- 34 Zambia 11.97 % change on previous year compare
- 35 Zimbabwe 11.73 % change on previous year compare
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$), annual growth rate 6.02 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), annual in Latin America & Caribbean?
- Merchandise imports by the reporting economy (current us$), annual in Latin America & Caribbean was -5.87 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), annual recorded in Latin America & Caribbean?
- The highest recorded value was 75.69 % change on previous year in 1974.
- What is the lowest merchandise imports by the reporting economy (current us$), annual recorded in Latin America & Caribbean?
- The lowest recorded value was -24.89 % change on previous year in 2009.
- How does Latin America & Caribbean rank for merchandise imports by the reporting economy (current us$), annual?
- Latin America & Caribbean ranks 32nd out of 44 groups with data for 2023.
- Is merchandise imports by the reporting economy (current us$), annual rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 319.2%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean data come from?
- The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Merchandise imports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Merchandise imports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.