Merchandise imports from low- and middle-income economies in Latin in European Union
European Union: Merchandise imports from low- and middle-income economies in Latin was 1.7% in 2023. ▼ Falling
Merchandise imports from low- and middle-income economies in Latin in European Union, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
In 2023, merchandise imports from low- and middle-income economies in latin in European Union stood at 1.7%.
Compared with earlier readings it is down 1.3% on the previous year and down 10.5% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in latin in European Union peaked at 4.9% in 1960 and was at its lowest, 1.6%, in 2003.
That places European Union 42nd out of 47 groups with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise imports from low- and middle-income economies in Latin in European Union, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 4.9% | — |
| 1961 | 4.5% | -9.5% |
| 1962 | 4.8% | +7.2% |
| 1963 | 4.7% | -2.0% |
| 1964 | 4.7% | -0.1% |
| 1965 | 4.6% | -1.6% |
| 1966 | 4.5% | -2.9% |
| 1967 | 4.2% | -5.5% |
| 1968 | 3.8% | -10.2% |
| 1969 | 3.7% | -2.0% |
| 1970 | 3.6% | -3.0% |
| 1971 | 3.2% | -11.5% |
| 1972 | 3.2% | +0.6% |
| 1973 | 3.4% | +5.1% |
| 1974 | 2.9% | -15.1% |
| 1975 | 2.8% | -1.4% |
| 1976 | 2.8% | -1.2% |
| 1977 | 3.5% | +23.3% |
| 1978 | 3.0% | -11.7% |
| 1979 | 2.9% | -3.4% |
| 1980 | 2.9% | -1.3% |
| 1981 | 3.1% | +7.7% |
| 1982 | 3.2% | +3.2% |
| 1983 | 3.5% | +6.9% |
| 1984 | 3.6% | +5.1% |
| 1985 | 3.5% | -3.2% |
| 1986 | 2.7% | -22.0% |
| 1987 | 2.4% | -12.0% |
| 1988 | 2.6% | +6.0% |
| 1989 | 2.5% | -3.2% |
| 1990 | 2.2% | -10.0% |
| 1991 | 2.2% | -1.2% |
| 1992 | 2.0% | -10.6% |
| 1993 | 1.9% | -2.0% |
| 1994 | 2.1% | +8.9% |
| 1995 | 2.0% | -6.9% |
| 1996 | 1.8% | -6.0% |
| 1997 | 1.9% | +2.0% |
| 1998 | 1.8% | -2.7% |
| 1999 | 1.6% | -10.9% |
| 2000 | 1.6% | -1.5% |
| 2001 | 1.6% | +0.7% |
| 2002 | 1.6% | -2.3% |
| 2003 | 1.6% | -0.4% |
| 2004 | 1.6% | +0.7% |
| 2005 | 1.6% | +3.5% |
| 2006 | 1.6% | +0.1% |
| 2007 | 1.8% | +8.2% |
| 2008 | 1.9% | +5.7% |
| 2009 | 1.8% | -5.4% |
| 2010 | 1.9% | +4.7% |
| 2011 | 2.0% | +9.8% |
| 2012 | 2.1% | +1.1% |
| 2013 | 1.9% | -8.7% |
| 2014 | 1.8% | -4.0% |
| 2015 | 1.8% | -2.9% |
| 2016 | 1.7% | -0.6% |
| 2017 | 1.7% | -0.1% |
| 2018 | 1.7% | -3.9% |
| 2019 | 1.6% | -4.6% |
| 2020 | 1.6% | -0.9% |
| 2021 | 1.6% | +2.2% |
| 2022 | 1.7% | +5.5% |
| 2023 | 1.7% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.5% | 3.7% | 4.9% | 10 |
| 1970s | 3.1% | 2.8% | 3.6% | 10 |
| 1980s | 3.0% | 2.4% | 3.6% | 10 |
| 1990s | 2.0% | 1.6% | 2.2% | 10 |
| 2000s | 1.7% | 1.6% | 1.9% | 10 |
| 2010s | 1.8% | 1.6% | 2.1% | 10 |
| 2020s | 1.7% | 1.6% | 1.7% | 4 |
Countries ranked near European Union
More private sector data for European Union
- Merchandise trade 70.9% (2025)
- Food imports 10.7% (2024)
- Manufactures imports 70.7% (2024)
- Merchandise imports 7.41 trillion current US$ (2025)
- Food exports 11.0% (2024)
- Manufactures exports 76.6% (2024)
- Merchandise exports 7.66 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 16,988 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3608 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.82 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports from low- and middle-income economies in latin in European Union?
- Merchandise imports from low- and middle-income economies in latin in European Union was 1.7% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in latin recorded in European Union?
- The highest recorded value was 4.9% in 1960.
- What is the lowest merchandise imports from low- and middle-income economies in latin recorded in European Union?
- The lowest recorded value was 1.6% in 2003.
- How does European Union rank for merchandise imports from low- and middle-income economies in latin?
- European Union ranks 42nd out of 47 groups with data for 2023.
- Is merchandise imports from low- and middle-income economies in latin rising or falling in European Union?
- Over the last ten years it is down 10.5%. The long-run trend across the full record is falling.
- Where does this European Union data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region 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.