Merchandise imports by the reporting economy, residual in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Merchandise imports by the reporting economy, residual was 0.1% in 2023. ◆ Volatile
Merchandise imports by the reporting economy, residual in Latin America & Caribbean (excluding high income), 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
In 2023, merchandise imports by the reporting economy, residual in Latin America & Caribbean (excluding high income) stood at 0.1%.
The figure is up 14.5% on the previous year and down 86.5% over ten years.
Over the whole period, merchandise imports by the reporting economy, residual in Latin America & Caribbean (excluding high income) peaked at 3.7% in 1983 and was at its lowest, 0.1%, in 2022.
That places Latin America & Caribbean (excluding high income) 3rd out of 47 groups with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy, residual in Latin America & Caribbean (excluding high income), year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 3.4% | — |
| 1961 | 2.8% | -18.1% |
| 1962 | 2.6% | -5.2% |
| 1963 | 2.4% | -6.8% |
| 1964 | 2.4% | -1.2% |
| 1965 | 2.3% | -2.8% |
| 1966 | 1.8% | -21.7% |
| 1967 | 1.9% | +2.8% |
| 1968 | 1.7% | -9.6% |
| 1969 | 1.7% | +1.7% |
| 1970 | 1.4% | -21.4% |
| 1971 | 1.5% | +11.6% |
| 1972 | 1.5% | -1.1% |
| 1973 | 1.7% | +15.9% |
| 1974 | 2.2% | +26.1% |
| 1975 | 2.0% | -8.3% |
| 1976 | 1.7% | -17.4% |
| 1977 | 2.5% | +49.2% |
| 1978 | 1.9% | -23.3% |
| 1979 | 2.0% | +6.8% |
| 1980 | 2.6% | +27.5% |
| 1981 | 2.8% | +6.2% |
| 1982 | 3.0% | +9.2% |
| 1983 | 3.7% | +22.4% |
| 1984 | 3.6% | -1.9% |
| 1985 | 3.1% | -15.0% |
| 1986 | 2.0% | -36.1% |
| 1987 | 1.6% | -19.8% |
| 1988 | 1.8% | +14.5% |
| 1989 | 2.3% | +25.5% |
| 1990 | 2.5% | +11.3% |
| 1991 | 2.0% | -20.7% |
| 1992 | 1.3% | -35.4% |
| 1993 | 1.7% | +30.4% |
| 1994 | 1.8% | +6.0% |
| 1995 | 2.0% | +11.9% |
| 1996 | 2.0% | -0.6% |
| 1997 | 1.9% | -5.4% |
| 1998 | 1.5% | -21.6% |
| 1999 | 1.3% | -8.6% |
| 2000 | 1.9% | +39.7% |
| 2001 | 1.6% | -13.9% |
| 2002 | 1.5% | -6.1% |
| 2003 | 1.1% | -25.7% |
| 2004 | 1.4% | +26.7% |
| 2005 | 1.6% | +9.4% |
| 2006 | 1.2% | -23.5% |
| 2007 | 1.2% | +2.2% |
| 2008 | 1.5% | +22.0% |
| 2009 | 1.2% | -17.7% |
| 2010 | 0.9% | -23.4% |
| 2011 | 1.1% | +12.0% |
| 2012 | 0.9% | -17.3% |
| 2013 | 0.6% | -26.0% |
| 2014 | 0.5% | -20.2% |
| 2015 | 0.4% | -20.2% |
| 2016 | 0.4% | -11.6% |
| 2017 | 0.3% | -9.5% |
| 2018 | 0.3% | +5.3% |
| 2019 | 0.2% | -37.5% |
| 2020 | 0.2% | -23.7% |
| 2021 | 0.2% | -5.7% |
| 2022 | 0.1% | -51.3% |
| 2023 | 0.1% | +14.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.3% | 1.7% | 3.4% | 10 |
| 1970s | 1.8% | 1.4% | 2.5% | 10 |
| 1980s | 2.6% | 1.6% | 3.7% | 10 |
| 1990s | 1.8% | 1.3% | 2.5% | 10 |
| 2000s | 1.4% | 1.1% | 1.9% | 10 |
| 2010s | 0.6% | 0.2% | 1.1% | 10 |
| 2020s | 0.1% | 0.1% | 0.2% | 4 |
Countries ranked near Latin America & Caribbean (excluding high income)
More private sector data for Latin America & Caribbean (excluding high income)
- Merchandise trade 43.4% (2025)
- Food imports 8.3% (2024)
- Manufactures imports 74.3% (2024)
- Merchandise imports 1.40 trillion current US$ (2025)
- Food exports 19.4% (2025)
- Manufactures exports 61.3% (2025)
- Merchandise exports 1.37 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,178 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2093 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.06 % change on previous year (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is merchandise imports by the reporting economy, residual in Latin America & Caribbean (excluding high income)?
- Merchandise imports by the reporting economy, residual in Latin America & Caribbean (excluding high income) was 0.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy, residual recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 3.7% in 1983.
- What is the lowest merchandise imports by the reporting economy, residual recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 0.1% in 2022.
- How does Latin America & Caribbean (excluding high income) rank for merchandise imports by the reporting economy, residual?
- Latin America & Caribbean (excluding high income) ranks 3rd out of 47 groups with data for 2023.
- Is merchandise imports by the reporting economy, residual rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 86.5%. 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, residual (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports by the reporting economy residuals 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, less the sum of imports by the reporting economy from high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise imports by the economy.