Merchandise imports by the reporting economy (current US$) in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Merchandise imports by the reporting economy (current US$) was 1.28 trillion current US$ in 2023. ◆ Volatile
Latest (2023)
1.28 trillion current US$
Change on year
down 5.8%
Rank
23rd
of 47 groups
All-time high
1.36 trillion current US$
in 2022
All-time low
6.70 billion current US$
in 1960
Years of data
64
1960–2023
Merchandise imports by the reporting economy in Latin America & Caribbean (excluding high income), 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2023, merchandise imports by the reporting economy in Latin America & Caribbean (excluding high income) stood at 1.28 trillion current US$.
Compared with earlier readings it is down 5.8% on the previous year and up 26.5% over ten years.
Over the whole period, merchandise imports by the reporting economy in Latin America & Caribbean (excluding high income) peaked at 1.36 trillion current US$ in 2022 and was at its lowest, 6.70 billion current US$, in 1960.
Latin America & Caribbean (excluding high income) ranks 23rd of 47 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$) in Latin America & Caribbean (excluding high income), year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 6.70 billion current US$ | — |
| 1961 | 6.87 billion current US$ | +2.5% |
| 1962 | 6.92 billion current US$ | +0.7% |
| 1963 | 6.86 billion current US$ | -0.8% |
| 1964 | 7.39 billion current US$ | +7.8% |
| 1965 | 7.86 billion current US$ | +6.3% |
| 1966 | 8.60 billion current US$ | +9.4% |
| 1967 | 9.12 billion current US$ | +6.1% |
| 1968 | 10.18 billion current US$ | +11.6% |
| 1969 | 10.77 billion current US$ | +5.9% |
| 1970 | 12.39 billion current US$ | +15.0% |
| 1971 | 13.81 billion current US$ | +11.4% |
| 1972 | 15.88 billion current US$ | +15.0% |
| 1973 | 21.02 billion current US$ | +32.4% |
| 1974 | 36.16 billion current US$ | +72.0% |
| 1975 | 39.51 billion current US$ | +9.3% |
| 1976 | 39.36 billion current US$ | -0.4% |
| 1977 | 44.26 billion current US$ | +12.4% |
| 1978 | 51.28 billion current US$ | +15.9% |
| 1979 | 63.64 billion current US$ | +24.1% |
| 1980 | 84.65 billion current US$ | +33.0% |
| 1981 | 92.68 billion current US$ | +9.5% |
| 1982 | 74.81 billion current US$ | -19.3% |
| 1983 | 54.53 billion current US$ | -27.1% |
| 1984 | 56.59 billion current US$ | +3.8% |
| 1985 | 59.37 billion current US$ | +4.9% |
| 1986 | 59.07 billion current US$ | -0.5% |
| 1987 | 66.05 billion current US$ | +11.8% |
| 1988 | 76.29 billion current US$ | +15.5% |
| 1989 | 78.74 billion current US$ | +3.2% |
| 1990 | 91.37 billion current US$ | +16.0% |
| 1991 | 122.01 billion current US$ | +33.5% |
| 1992 | 145.64 billion current US$ | +19.4% |
| 1993 | 164.04 billion current US$ | +12.6% |
| 1994 | 190.34 billion current US$ | +16.0% |
| 1995 | 208.66 billion current US$ | +9.6% |
| 1996 | 236.08 billion current US$ | +13.1% |
| 1997 | 288.45 billion current US$ | +22.2% |
| 1998 | 307.83 billion current US$ | +6.7% |
| 1999 | 303.24 billion current US$ | -1.5% |
| 2000 | 344.89 billion current US$ | +13.7% |
| 2001 | 336.36 billion current US$ | -2.5% |
| 2002 | 313.15 billion current US$ | -6.9% |
| 2003 | 320.66 billion current US$ | +2.4% |
| 2004 | 389.58 billion current US$ | +21.5% |
| 2005 | 459.23 billion current US$ | +17.9% |
| 2006 | 547.73 billion current US$ | +19.3% |
| 2007 | 656.13 billion current US$ | +19.8% |
| 2008 | 791.50 billion current US$ | +20.6% |
| 2009 | 598.00 billion current US$ | -24.4% |
| 2010 | 776.10 billion current US$ | +29.8% |
| 2011 | 945.88 billion current US$ | +21.9% |
| 2012 | 983.64 billion current US$ | +4.0% |
| 2013 | 1.01 trillion current US$ | +2.8% |
| 2014 | 1.01 trillion current US$ | +0.2% |
| 2015 | 908.21 billion current US$ | -10.4% |
| 2016 | 823.92 billion current US$ | -9.3% |
| 2017 | 895.13 billion current US$ | +8.6% |
| 2018 | 986.50 billion current US$ | +10.2% |
| 2019 | 948.21 billion current US$ | -3.9% |
| 2020 | 807.91 billion current US$ | -14.8% |
| 2021 | 1.12 trillion current US$ | +38.8% |
| 2022 | 1.36 trillion current US$ | +21.1% |
| 2023 | 1.28 trillion current US$ | -5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.13 billion current US$ | 6.70 billion current US$ | 10.77 billion current US$ | 10 |
| 1970s | 33.73 billion current US$ | 12.39 billion current US$ | 63.64 billion current US$ | 10 |
| 1980s | 70.28 billion current US$ | 54.53 billion current US$ | 92.68 billion current US$ | 10 |
| 1990s | 205.77 billion current US$ | 91.37 billion current US$ | 307.83 billion current US$ | 10 |
| 2000s | 475.72 billion current US$ | 313.15 billion current US$ | 791.50 billion current US$ | 10 |
| 2010s | 929.26 billion current US$ | 776.10 billion current US$ | 1.01 trillion current US$ | 10 |
| 2020s | 1.14 trillion current US$ | 807.91 billion current US$ | 1.36 trillion current US$ | 4 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 20 Turkey 337.27 billion current US$ compare
- 21 Vietnam 318.47 billion current US$ compare
- 22 Australia 287.89 billion current US$ compare
- 23 Thailand 284.28 billion current US$ compare
- 24 Malaysia 266.54 billion current US$ compare
- 25 Russia 262.13 billion current US$ compare
- 26 Brazil 254.86 billion current US$ compare
More private sector data for Latin America & Caribbean (excluding high income)
- Merchandise trade 43.4% (2025)
- Food imports 7.8% (2025)
- Manufactures imports 77.0% (2025)
- Merchandise imports 1.40 trillion current US$ (2025)
- Commercial service imports 298.09 billion current US$ (2025)
- Food exports 23.6% (2025)
- Manufactures exports 53.0% (2025)
- Merchandise exports 1.37 trillion current US$ (2025)
- Commercial service exports 214.53 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,178 current US$ per person (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is merchandise imports by the reporting economy in Latin America & Caribbean (excluding high income)?
- Merchandise imports by the reporting economy in Latin America & Caribbean (excluding high income) was 1.28 trillion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 1.36 trillion current US$ in 2022.
- What is the lowest merchandise imports by the reporting economy recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 6.70 billion current US$ in 1960.
- How does Latin America & Caribbean (excluding high income) rank for merchandise imports by the reporting economy?
- Latin America & Caribbean (excluding high income) ranks 23rd out of 47 groups with data for 2023.
- Is merchandise imports by the reporting economy rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 26.5%. 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 imports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.