Merchandise imports by the reporting economy, residual in Latin America & Caribbean
Latin America & Caribbean: Merchandise imports by the reporting economy, residual was 0.1% in 2023. ◆ Volatile
Merchandise imports by the reporting economy, residual in Latin America & Caribbean, 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 stood at 0.1%.
The figure is up 7.2% on the previous year and down 87.2% over ten years.
Over the whole period, merchandise imports by the reporting economy, residual in Latin America & Caribbean peaked at 4.2% in 1960 and was at its lowest, 0.1%, in 2022.
Latin America & Caribbean ranks 4th of 47 groups on this measure, 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, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 4.2% | — |
| 1961 | 3.4% | -17.7% |
| 1962 | 3.4% | +0.6% |
| 1963 | 3.5% | +2.4% |
| 1964 | 3.6% | +3.0% |
| 1965 | 4.0% | +9.8% |
| 1966 | 3.7% | -6.9% |
| 1967 | 3.9% | +6.0% |
| 1968 | 3.7% | -5.5% |
| 1969 | 3.6% | -4.3% |
| 1970 | 2.6% | -26.3% |
| 1971 | 2.4% | -10.1% |
| 1972 | 2.0% | -15.4% |
| 1973 | 2.0% | -0.4% |
| 1974 | 2.5% | +26.5% |
| 1975 | 2.2% | -11.7% |
| 1976 | 2.0% | -8.9% |
| 1977 | 2.7% | +33.1% |
| 1978 | 2.1% | -20.8% |
| 1979 | 2.5% | +16.8% |
| 1980 | 2.8% | +13.1% |
| 1981 | 3.0% | +7.0% |
| 1982 | 3.3% | +10.7% |
| 1983 | 4.2% | +24.2% |
| 1984 | 3.6% | -12.1% |
| 1985 | 3.4% | -7.5% |
| 1986 | 2.1% | -37.2% |
| 1987 | 1.7% | -17.8% |
| 1988 | 2.0% | +14.1% |
| 1989 | 2.4% | +21.2% |
| 1990 | 2.6% | +9.2% |
| 1991 | 2.2% | -15.1% |
| 1992 | 1.4% | -36.8% |
| 1993 | 1.8% | +25.1% |
| 1994 | 1.8% | +0.8% |
| 1995 | 2.1% | +16.2% |
| 1996 | 2.2% | +5.4% |
| 1997 | 2.0% | -8.4% |
| 1998 | 1.6% | -22.2% |
| 1999 | 1.5% | -2.7% |
| 2000 | 2.1% | +37.8% |
| 2001 | 1.8% | -11.8% |
| 2002 | 1.7% | -8.7% |
| 2003 | 1.2% | -26.8% |
| 2004 | 1.5% | +19.2% |
| 2005 | 1.6% | +11.0% |
| 2006 | 1.3% | -17.5% |
| 2007 | 1.3% | +0.0% |
| 2008 | 1.5% | +14.6% |
| 2009 | 1.2% | -20.0% |
| 2010 | 1.0% | -22.9% |
| 2011 | 1.0% | +6.4% |
| 2012 | 0.9% | -11.7% |
| 2013 | 0.7% | -27.0% |
| 2014 | 0.5% | -18.9% |
| 2015 | 0.4% | -25.0% |
| 2016 | 0.3% | -15.1% |
| 2017 | 0.3% | -7.6% |
| 2018 | 0.3% | +2.2% |
| 2019 | 0.2% | -36.4% |
| 2020 | 0.2% | -24.7% |
| 2021 | 0.1% | -4.5% |
| 2022 | 0.1% | -46.4% |
| 2023 | 0.1% | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.7% | 3.4% | 4.2% | 10 |
| 1970s | 2.3% | 2.0% | 2.7% | 10 |
| 1980s | 2.9% | 1.7% | 4.2% | 10 |
| 1990s | 1.9% | 1.4% | 2.6% | 10 |
| 2000s | 1.5% | 1.2% | 2.1% | 10 |
| 2010s | 0.6% | 0.2% | 1.0% | 10 |
| 2020s | 0.1% | 0.1% | 0.2% | 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 imports by the reporting economy, residual in Latin America & Caribbean?
- Merchandise imports by the reporting economy, residual in Latin America & Caribbean 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?
- The highest recorded value was 4.2% in 1960.
- What is the lowest merchandise imports by the reporting economy, residual recorded in Latin America & Caribbean?
- The lowest recorded value was 0.1% in 2022.
- How does Latin America & Caribbean rank for merchandise imports by the reporting economy, residual?
- Latin America & Caribbean ranks 4th out of 47 groups with data for 2023.
- Is merchandise imports by the reporting economy, residual rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 87.2%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean 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.