Merchandise imports by the reporting economy, residual in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Merchandise imports by the reporting economy, residual was 0.1% in 2023. ◆ Volatile
Merchandise imports by the reporting economy, residual in Latin America & the Caribbean (IDA & IBRD countries), 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 & the Caribbean (IDA & IBRD countries) stood at 0.1%.
Compared with earlier readings it is up 6.0% on the previous year and down 85.8% over ten years.
Over the whole period, merchandise imports by the reporting economy, residual in Latin America & the Caribbean (IDA & IBRD countries) peaked at 4.2% in 1960 and was at its lowest, 0.0%, in 2019.
That places Latin America & the Caribbean (IDA & IBRD countries) 5th 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 & the Caribbean (IDA & IBRD countries), year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 4.2% | — |
| 1961 | 3.4% | -17.7% |
| 1962 | 3.5% | +1.4% |
| 1963 | 3.6% | +2.5% |
| 1964 | 3.7% | +3.1% |
| 1965 | 4.0% | +8.7% |
| 1966 | 3.8% | -5.8% |
| 1967 | 4.0% | +6.2% |
| 1968 | 3.8% | -5.5% |
| 1969 | 3.6% | -4.1% |
| 1970 | 2.6% | -27.1% |
| 1971 | 2.3% | -12.9% |
| 1972 | 2.0% | -15.0% |
| 1973 | 2.0% | +2.2% |
| 1974 | 2.4% | +22.5% |
| 1975 | 2.3% | -6.5% |
| 1976 | 2.0% | -11.9% |
| 1977 | 2.7% | +36.2% |
| 1978 | 2.1% | -23.3% |
| 1979 | 2.3% | +7.5% |
| 1980 | 2.8% | +24.7% |
| 1981 | 3.1% | +9.1% |
| 1982 | 3.4% | +12.0% |
| 1983 | 3.9% | +14.3% |
| 1984 | 3.7% | -7.3% |
| 1985 | 2.9% | -20.1% |
| 1986 | 1.7% | -43.2% |
| 1987 | 1.8% | +11.4% |
| 1988 | 1.5% | -17.4% |
| 1989 | 1.8% | +20.4% |
| 1990 | 2.3% | +23.0% |
| 1991 | 2.0% | -13.6% |
| 1992 | 1.4% | -28.6% |
| 1993 | 1.7% | +25.0% |
| 1994 | 1.8% | +1.7% |
| 1995 | 2.0% | +14.8% |
| 1996 | 2.2% | +6.4% |
| 1997 | 2.0% | -7.0% |
| 1998 | 1.4% | -28.8% |
| 1999 | 1.5% | +7.4% |
| 2000 | 1.9% | +21.8% |
| 2001 | 1.6% | -15.7% |
| 2002 | 1.5% | -5.8% |
| 2003 | 1.0% | -30.4% |
| 2004 | 1.2% | +16.7% |
| 2005 | 1.3% | +4.2% |
| 2006 | 1.3% | +5.9% |
| 2007 | 1.1% | -14.1% |
| 2008 | 1.3% | +13.7% |
| 2009 | 1.1% | -19.2% |
| 2010 | 0.8% | -25.0% |
| 2011 | 0.9% | +8.0% |
| 2012 | 0.7% | -13.6% |
| 2013 | 0.5% | -33.1% |
| 2014 | 0.4% | -22.5% |
| 2015 | 0.2% | -40.8% |
| 2016 | 0.2% | -26.9% |
| 2017 | 0.1% | -22.1% |
| 2018 | 0.1% | -40.7% |
| 2019 | 0.0% | -57.4% |
| 2020 | 0.0% | +4.0% |
| 2021 | 0.0% | +35.9% |
| 2022 | 0.1% | +43.2% |
| 2023 | 0.1% | +6.0% |
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 | 2.7% | 1.5% | 3.9% | 10 |
| 1990s | 1.8% | 1.4% | 2.3% | 10 |
| 2000s | 1.3% | 1.0% | 1.9% | 10 |
| 2010s | 0.4% | 0.0% | 0.9% | 10 |
| 2020s | 0.1% | 0.0% | 0.1% | 4 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
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, residual in Latin America & the Caribbean (IDA & IBRD countries)?
- Merchandise imports by the reporting economy, residual in Latin America & the Caribbean (IDA & IBRD countries) 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 4.2% in 1960.
- What is the lowest merchandise imports by the reporting economy, residual recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 0.0% in 2019.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for merchandise imports by the reporting economy, residual?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 5th out of 47 groups with data for 2023.
- Is merchandise imports by the reporting economy, residual rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is down 85.8%. 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 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.