Merchandise imports from low- and middle-income economies in Latin in Upper middle income
Upper middle income: Merchandise imports from low- and middle-income economies in Latin was 6.5% in 2023. ▲ Rising
Merchandise imports from low- and middle-income economies in Latin in Upper middle income, 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 Upper middle income stood at 6.5%. That is the highest value across all 64 years on record.
Compared with earlier readings it is up 7.0% on the previous year and up 16.4% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in latin in Upper middle income peaked at 6.5% in 2023 and was at its lowest, 2.2%, in 1961.
That places Upper middle income 7th out of 47 groups with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 64 years of available data.
Merchandise imports from low- and middle-income economies in Latin in Upper middle income, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 3.0% | — |
| 1961 | 2.2% | -24.2% |
| 1962 | 3.5% | +57.7% |
| 1963 | 4.1% | +15.8% |
| 1964 | 4.7% | +15.8% |
| 1965 | 6.0% | +27.5% |
| 1966 | 5.1% | -14.9% |
| 1967 | 4.6% | -11.1% |
| 1968 | 4.6% | +0.9% |
| 1969 | 4.9% | +6.5% |
| 1970 | 5.2% | +6.5% |
| 1971 | 4.8% | -8.3% |
| 1972 | 5.2% | +8.2% |
| 1973 | 4.9% | -5.0% |
| 1974 | 4.5% | -9.6% |
| 1975 | 4.4% | -2.3% |
| 1976 | 4.3% | -0.5% |
| 1977 | 4.6% | +5.5% |
| 1978 | 4.5% | -1.2% |
| 1979 | 5.3% | +16.6% |
| 1980 | 4.8% | -8.5% |
| 1981 | 4.8% | +0.1% |
| 1982 | 5.3% | +9.3% |
| 1983 | 5.4% | +2.8% |
| 1984 | 5.6% | +2.9% |
| 1985 | 5.5% | -1.2% |
| 1986 | 5.3% | -3.7% |
| 1987 | 5.1% | -3.9% |
| 1988 | 5.0% | -2.5% |
| 1989 | 5.3% | +7.0% |
| 1990 | 4.5% | -15.4% |
| 1991 | 4.3% | -3.9% |
| 1992 | 4.3% | +0.1% |
| 1993 | 4.3% | -0.5% |
| 1994 | 4.5% | +4.8% |
| 1995 | 4.7% | +4.7% |
| 1996 | 5.0% | +6.3% |
| 1997 | 5.2% | +3.8% |
| 1998 | 5.3% | +1.0% |
| 1999 | 4.3% | -18.0% |
| 2000 | 4.2% | -2.0% |
| 2001 | 4.5% | +6.3% |
| 2002 | 4.0% | -11.5% |
| 2003 | 4.4% | +10.5% |
| 2004 | 4.6% | +3.6% |
| 2005 | 4.9% | +7.1% |
| 2006 | 5.0% | +2.5% |
| 2007 | 5.3% | +6.3% |
| 2008 | 5.6% | +5.6% |
| 2009 | 5.6% | -1.0% |
| 2010 | 5.7% | +2.4% |
| 2011 | 5.8% | +1.7% |
| 2012 | 5.7% | -1.9% |
| 2013 | 5.6% | -2.1% |
| 2014 | 5.4% | -2.4% |
| 2015 | 5.3% | -2.7% |
| 2016 | 5.4% | +1.8% |
| 2017 | 5.5% | +2.1% |
| 2018 | 5.6% | +2.0% |
| 2019 | 5.7% | +1.7% |
| 2020 | 5.9% | +3.5% |
| 2021 | 6.0% | +2.2% |
| 2022 | 6.1% | +0.6% |
| 2023 | 6.5% | +7.0% |
Biggest year-on-year movements
Years where Merchandise imports from low- and middle-income economies in Latin in Upper middle income changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1962 | +57.7% | 2.2% | 3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.3% | 2.2% | 6.0% | 10 |
| 1970s | 4.8% | 4.3% | 5.3% | 10 |
| 1980s | 5.2% | 4.8% | 5.6% | 10 |
| 1990s | 4.6% | 4.3% | 5.3% | 10 |
| 2000s | 4.8% | 4.0% | 5.6% | 10 |
| 2010s | 5.6% | 5.3% | 5.8% | 10 |
| 2020s | 6.1% | 5.9% | 6.5% | 4 |
Countries ranked near Upper middle income
More private sector data for Upper middle income
- Merchandise trade 42.8% (2025)
- Food imports 8.5% (2024)
- Manufactures imports 59.5% (2024)
- Merchandise imports 6.62 trillion current US$ (2025)
- Food exports 9.5% (2024)
- Manufactures exports 75.8% (2024)
- Merchandise exports 7.67 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,493 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2289 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.45 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports from low- and middle-income economies in latin in Upper middle income?
- Merchandise imports from low- and middle-income economies in latin in Upper middle income was 6.5% 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 Upper middle income?
- The highest recorded value was 6.5% in 2023.
- What is the lowest merchandise imports from low- and middle-income economies in latin recorded in Upper middle income?
- The lowest recorded value was 2.2% in 1961.
- How does Upper middle income rank for merchandise imports from low- and middle-income economies in latin?
- Upper middle income ranks 7th out of 47 groups with data for 2023.
- Is merchandise imports from low- and middle-income economies in latin rising or falling in Upper middle income?
- Over the last ten years it is up 16.4%. The long-run trend across the full record is rising.
- Where does this Upper middle income 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
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.