Merchandise imports from high-income economies in Latin America & Caribbean
Latin America & Caribbean: Merchandise imports from high-income economies was 58.4% in 2023. ▼ Falling
Merchandise imports from high-income economies in Latin America & Caribbean, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
The most recent figure for merchandise imports from high-income economies in Latin America & Caribbean is 58.4%, measured in 2023.
Compared with earlier readings it is up 0.8% on the previous year and down 4.2% over ten years.
Over the whole period, merchandise imports from high-income economies in Latin America & Caribbean peaked at 90.6% in 1961 and was at its lowest, 57.4%, in 2021.
That places Latin America & Caribbean 25th out of 47 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise imports from high-income economies in Latin America & Caribbean, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 89.0% | — |
| 1961 | 90.6% | +1.7% |
| 1962 | 89.1% | -1.6% |
| 1963 | 87.5% | -1.8% |
| 1964 | 85.9% | -1.8% |
| 1965 | 84.4% | -1.8% |
| 1966 | 85.1% | +0.8% |
| 1967 | 85.3% | +0.2% |
| 1968 | 85.3% | -0.0% |
| 1969 | 84.5% | -0.9% |
| 1970 | 85.5% | +1.2% |
| 1971 | 84.8% | -0.9% |
| 1972 | 84.3% | -0.6% |
| 1973 | 82.2% | -2.5% |
| 1974 | 79.4% | -3.3% |
| 1975 | 80.6% | +1.4% |
| 1976 | 78.9% | -2.1% |
| 1977 | 77.2% | -2.1% |
| 1978 | 78.8% | +2.0% |
| 1979 | 76.0% | -3.5% |
| 1980 | 78.1% | +2.8% |
| 1981 | 79.1% | +1.3% |
| 1982 | 76.8% | -2.9% |
| 1983 | 73.1% | -4.9% |
| 1984 | 71.1% | -2.7% |
| 1985 | 73.1% | +2.8% |
| 1986 | 78.5% | +7.5% |
| 1987 | 79.4% | +1.1% |
| 1988 | 80.6% | +1.6% |
| 1989 | 79.4% | -1.6% |
| 1990 | 80.2% | +1.0% |
| 1991 | 82.7% | +3.1% |
| 1992 | 83.2% | +0.7% |
| 1993 | 82.8% | -0.5% |
| 1994 | 82.3% | -0.7% |
| 1995 | 80.1% | -2.7% |
| 1996 | 79.3% | -1.0% |
| 1997 | 79.6% | +0.4% |
| 1998 | 80.8% | +1.5% |
| 1999 | 82.2% | +1.8% |
| 2000 | 79.9% | -2.9% |
| 2001 | 78.6% | -1.6% |
| 2002 | 78.7% | +0.1% |
| 2003 | 75.9% | -3.5% |
| 2004 | 72.3% | -4.8% |
| 2005 | 69.4% | -4.0% |
| 2006 | 67.4% | -2.9% |
| 2007 | 65.2% | -3.2% |
| 2008 | 63.7% | -2.2% |
| 2009 | 63.5% | -0.4% |
| 2010 | 62.2% | -2.0% |
| 2011 | 61.3% | -1.3% |
| 2012 | 61.4% | +0.1% |
| 2013 | 60.9% | -0.7% |
| 2014 | 61.1% | +0.3% |
| 2015 | 61.1% | -0.1% |
| 2016 | 61.5% | +0.7% |
| 2017 | 60.9% | -1.0% |
| 2018 | 60.6% | -0.5% |
| 2019 | 60.3% | -0.5% |
| 2020 | 58.4% | -3.1% |
| 2021 | 57.4% | -1.6% |
| 2022 | 57.9% | +0.9% |
| 2023 | 58.4% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 86.7% | 84.4% | 90.6% | 10 |
| 1970s | 80.8% | 76.0% | 85.5% | 10 |
| 1980s | 76.9% | 71.1% | 80.6% | 10 |
| 1990s | 81.3% | 79.3% | 83.2% | 10 |
| 2000s | 71.4% | 63.5% | 79.9% | 10 |
| 2010s | 61.1% | 60.3% | 62.2% | 10 |
| 2020s | 58.0% | 57.4% | 58.4% | 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 from high-income economies in Latin America & Caribbean?
- Merchandise imports from high-income economies in Latin America & Caribbean was 58.4% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from high-income economies recorded in Latin America & Caribbean?
- The highest recorded value was 90.6% in 1961.
- What is the lowest merchandise imports from high-income economies recorded in Latin America & Caribbean?
- The lowest recorded value was 57.4% in 2021.
- How does Latin America & Caribbean rank for merchandise imports from high-income economies?
- Latin America & Caribbean ranks 25th out of 47 groups with data for 2023.
- Is merchandise imports from high-income economies rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 4.2%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise imports from high-income economies (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.