Merchandise imports by the reporting economy (current US$), annual in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Merchandise imports by the reporting economy (current US$), annual was -6.01 % change on previous year in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), annual in Latin America & the Caribbean (IDA & IBRD countries), 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, merchandise imports by the reporting economy (current us$), annual in Latin America & the Caribbean (IDA & IBRD countries) stood at -6.01 % change on previous year.
The figure is down 129.5% on the previous year and down 325.4% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), annual in Latin America & the Caribbean (IDA & IBRD countries) peaked at 73.45 % change on previous year in 1974 and was at its lowest, -26.88 % change on previous year, in 1983.
Latin America & the Caribbean (IDA & IBRD countries) ranks 34th of 44 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$), annual in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 4.34 % change on previous year | — |
| 1962 | -0.4821 % change on previous year | -111.1% |
| 1963 | 1.04 % change on previous year | -314.8% |
| 1964 | 8.03 % change on previous year | +674.9% |
| 1965 | 6.05 % change on previous year | -24.7% |
| 1966 | 9.83 % change on previous year | +62.6% |
| 1967 | 4.58 % change on previous year | -53.4% |
| 1968 | 9.9 % change on previous year | +116.4% |
| 1969 | 6.94 % change on previous year | -29.9% |
| 1970 | 15.17 % change on previous year | +118.5% |
| 1971 | 10.4 % change on previous year | -31.4% |
| 1972 | 13.62 % change on previous year | +30.9% |
| 1973 | 30.53 % change on previous year | +124.2% |
| 1974 | 73.45 % change on previous year | +140.5% |
| 1975 | 6.75 % change on previous year | -90.8% |
| 1976 | 1.03 % change on previous year | -84.8% |
| 1977 | 12.58 % change on previous year | +1126.4% |
| 1978 | 15.59 % change on previous year | +23.9% |
| 1979 | 24.83 % change on previous year | +59.2% |
| 1980 | 32.2 % change on previous year | +29.7% |
| 1981 | 7 % change on previous year | -78.3% |
| 1982 | -19.77 % change on previous year | -382.3% |
| 1983 | -26.88 % change on previous year | +35.9% |
| 1984 | 2.67 % change on previous year | -110.0% |
| 1985 | 2.45 % change on previous year | -8.4% |
| 1986 | 0.053 % change on previous year | -97.8% |
| 1987 | 14.15 % change on previous year | +26573.3% |
| 1988 | 13.36 % change on previous year | -5.5% |
| 1989 | 5.75 % change on previous year | -57.0% |
| 1990 | 15.56 % change on previous year | +170.6% |
| 1991 | 31.57 % change on previous year | +102.9% |
| 1992 | 21.21 % change on previous year | -32.8% |
| 1993 | 12.1 % change on previous year | -42.9% |
| 1994 | 14.79 % change on previous year | +22.2% |
| 1995 | 10.87 % change on previous year | -26.5% |
| 1996 | 13.15 % change on previous year | +21.0% |
| 1997 | 21.37 % change on previous year | +62.5% |
| 1998 | 5.91 % change on previous year | -72.4% |
| 1999 | -2.44 % change on previous year | -141.3% |
| 2000 | 13.01 % change on previous year | -633.7% |
| 2001 | -2.49 % change on previous year | -119.1% |
| 2002 | -6.53 % change on previous year | +162.4% |
| 2003 | 4.04 % change on previous year | -161.9% |
| 2004 | 21.56 % change on previous year | +433.8% |
| 2005 | 18.33 % change on previous year | -15.0% |
| 2006 | 19.13 % change on previous year | +4.4% |
| 2007 | 19.92 % change on previous year | +4.1% |
| 2008 | 21.65 % change on previous year | +8.7% |
| 2009 | -24.76 % change on previous year | -214.3% |
| 2010 | 29.68 % change on previous year | -219.9% |
| 2011 | 22.38 % change on previous year | -24.6% |
| 2012 | 4.6 % change on previous year | -79.4% |
| 2013 | 2.67 % change on previous year | -42.1% |
| 2014 | -0.3808 % change on previous year | -114.3% |
| 2015 | -10.87 % change on previous year | +2754.3% |
| 2016 | -8.85 % change on previous year | -18.6% |
| 2017 | 8.47 % change on previous year | -195.7% |
| 2018 | 10.04 % change on previous year | +18.5% |
| 2019 | -3.88 % change on previous year | -138.7% |
| 2020 | -14.76 % change on previous year | +280.3% |
| 2021 | 39.81 % change on previous year | -369.6% |
| 2022 | 20.37 % change on previous year | -48.8% |
| 2023 | -6.01 % change on previous year | -129.5% |
Biggest year-on-year movements
Years where Merchandise imports by the reporting economy (current US$), annual in Latin America & the Caribbean (IDA & IBRD countries) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +26573.3% | 0.053 % change on previous year | 14.15 % change on previous year |
| 2015 | -2754.3% | -0.3808 % change on previous year | -10.87 % change on previous year |
| 1977 | +1126.4% | 1.03 % change on previous year | 12.58 % change on previous year |
| 1964 | +674.9% | 1.04 % change on previous year | 8.03 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.58 % change on previous year | -0.4821 % change on previous year | 9.9 % change on previous year | 9 |
| 1970s | 20.4 % change on previous year | 1.03 % change on previous year | 73.45 % change on previous year | 10 |
| 1980s | 3.1 % change on previous year | -26.88 % change on previous year | 32.2 % change on previous year | 10 |
| 1990s | 14.41 % change on previous year | -2.44 % change on previous year | 31.57 % change on previous year | 10 |
| 2000s | 8.39 % change on previous year | -24.76 % change on previous year | 21.65 % change on previous year | 10 |
| 2010s | 5.39 % change on previous year | -10.87 % change on previous year | 29.68 % change on previous year | 10 |
| 2020s | 9.85 % change on previous year | -14.76 % change on previous year | 39.81 % change on previous year | 4 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 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
- 36 Cyprus 10.76 % change on previous year compare
- 37 Togo 10.52 % change on previous year compare
More private sector data for Latin America & the Caribbean (IDA & IBRD countries)
- Merchandise trade 44.2% (2025)
- Food imports 9.0% (2024)
- Manufactures imports 73.2% (2024)
- Merchandise imports 1.57 trillion current US$ (2025)
- Food exports 19.7% (2025)
- Manufactures exports 56.4% (2025)
- Merchandise exports 1.55 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,373 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2193 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.04 % change on previous year (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), annual in Latin America & the Caribbean (IDA & IBRD countries)?
- Merchandise imports by the reporting economy (current us$), annual in Latin America & the Caribbean (IDA & IBRD countries) was -6.01 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), annual recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 73.45 % change on previous year in 1974.
- What is the lowest merchandise imports by the reporting economy (current us$), annual recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was -26.88 % change on previous year in 1983.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for merchandise imports by the reporting economy (current us$), annual?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 34th out of 44 groups with data for 2023.
- Is merchandise imports by the reporting economy (current us$), annual rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is down 325.4%. The long-run trend across the full record is volatile.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) data come from?
- The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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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.