Merchandise imports from low- and middle-income economies in South in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Merchandise imports from low- and middle-income economies in South was 2.0% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies in South in Latin America & Caribbean (excluding high 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 south in Latin America & Caribbean (excluding high income) stood at 2.0%.
That represents a change of down 4.1% on the previous year and up 30.6% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in south in Latin America & Caribbean (excluding high income) peaked at 2.1% in 2022 and was at its lowest, 0.1%, in 1977.
Latin America & Caribbean (excluding high income) ranks 31st of 47 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports from low- and middle-income economies in South in Latin America & Caribbean (excluding high income), year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 0.5% | — |
| 1961 | 0.3% | -42.2% |
| 1962 | 0.5% | +79.1% |
| 1963 | 0.6% | +2.1% |
| 1964 | 0.6% | +12.9% |
| 1965 | 0.5% | -25.5% |
| 1966 | 0.3% | -35.4% |
| 1967 | 0.2% | -20.5% |
| 1968 | 0.2% | -22.0% |
| 1969 | 0.2% | -2.2% |
| 1970 | 0.3% | +53.6% |
| 1971 | 0.2% | -25.9% |
| 1972 | 0.2% | -14.6% |
| 1973 | 0.2% | -14.1% |
| 1974 | 0.2% | +20.9% |
| 1975 | 0.2% | -19.6% |
| 1976 | 0.1% | -43.1% |
| 1977 | 0.1% | -38.7% |
| 1978 | 0.1% | +57.4% |
| 1979 | 0.2% | +103.8% |
| 1980 | 0.1% | -37.6% |
| 1981 | 0.1% | -27.8% |
| 1982 | 0.1% | -6.6% |
| 1983 | 0.1% | +27.4% |
| 1984 | 0.1% | -39.3% |
| 1985 | 0.1% | +85.1% |
| 1986 | 0.2% | +94.0% |
| 1987 | 0.1% | -44.2% |
| 1988 | 0.1% | +17.8% |
| 1989 | 0.1% | +14.6% |
| 1990 | 0.2% | +24.0% |
| 1991 | 0.1% | -19.3% |
| 1992 | 0.2% | +11.5% |
| 1993 | 0.2% | +35.1% |
| 1994 | 0.3% | +23.2% |
| 1995 | 0.3% | +9.1% |
| 1996 | 0.3% | +13.2% |
| 1997 | 0.3% | -4.1% |
| 1998 | 0.3% | +1.0% |
| 1999 | 0.4% | +13.4% |
| 2000 | 0.4% | -2.4% |
| 2001 | 0.5% | +36.6% |
| 2002 | 0.5% | +9.4% |
| 2003 | 0.6% | +4.1% |
| 2004 | 0.6% | +12.7% |
| 2005 | 0.8% | +24.6% |
| 2006 | 0.8% | +5.0% |
| 2007 | 0.9% | +8.9% |
| 2008 | 1.1% | +18.6% |
| 2009 | 1.1% | -1.9% |
| 2010 | 1.3% | +22.4% |
| 2011 | 1.4% | +11.5% |
| 2012 | 1.4% | -0.6% |
| 2013 | 1.6% | +8.6% |
| 2014 | 1.7% | +9.1% |
| 2015 | 1.7% | -0.1% |
| 2016 | 1.5% | -13.5% |
| 2017 | 1.6% | +10.6% |
| 2018 | 1.6% | +1.1% |
| 2019 | 1.8% | +9.2% |
| 2020 | 1.9% | +9.0% |
| 2021 | 2.0% | +4.3% |
| 2022 | 2.1% | +4.1% |
| 2023 | 2.0% | -4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.4% | 0.2% | 0.6% | 10 |
| 1970s | 0.2% | 0.1% | 0.3% | 10 |
| 1980s | 0.1% | 0.1% | 0.2% | 10 |
| 1990s | 0.3% | 0.1% | 0.4% | 10 |
| 2000s | 0.7% | 0.4% | 1.1% | 10 |
| 2010s | 1.6% | 1.3% | 1.8% | 10 |
| 2020s | 2.0% | 1.9% | 2.1% | 4 |
Countries ranked near Latin America & Caribbean (excluding high income)
More private sector data for Latin America & Caribbean (excluding high income)
- Merchandise trade 43.4% (2025)
- Food imports 8.3% (2024)
- Manufactures imports 74.3% (2024)
- Merchandise imports 1.40 trillion current US$ (2025)
- Food exports 19.4% (2025)
- Manufactures exports 61.3% (2025)
- Merchandise exports 1.37 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,178 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2093 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.06 % change on previous year (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is merchandise imports from low- and middle-income economies in south in Latin America & Caribbean (excluding high income)?
- Merchandise imports from low- and middle-income economies in south in Latin America & Caribbean (excluding high income) was 2.0% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in south recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 2.1% in 2022.
- What is the lowest merchandise imports from low- and middle-income economies in south recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 0.1% in 1977.
- How does Latin America & Caribbean (excluding high income) rank for merchandise imports from low- and middle-income economies in south?
- Latin America & Caribbean (excluding high income) ranks 31st out of 47 groups with data for 2023.
- Is merchandise imports from low- and middle-income economies in south rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 30.6%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean (excluding high 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 South Asia (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from low- and middle-income economies in South Asia are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the South Asia 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.