Merchandise imports from low- and middle-income economies within in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Merchandise imports from low- and middle-income economies within was 13.4% in 2023. ▲ Rising
Merchandise imports from low- and middle-income economies within in Latin America & the Caribbean (IDA & IBRD countries), 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Latin America & the Caribbean (IDA & IBRD countries) recorded 13.4% for merchandise imports from low- and middle-income economies within in 2023.
The figure is up 3.4% on the previous year and down 12.4% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies within in Latin America & the Caribbean (IDA & IBRD countries) peaked at 16.8% in 2009 and was at its lowest, 5.2%, in 1961.
That places Latin America & the Caribbean (IDA & IBRD countries) 23rd out of 46 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 64 years of available data.
Merchandise imports from low- and middle-income economies within in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 5.8% | — |
| 1961 | 5.2% | -10.6% |
| 1962 | 6.4% | +23.5% |
| 1963 | 7.7% | +21.6% |
| 1964 | 9.0% | +16.6% |
| 1965 | 10.0% | +10.5% |
| 1966 | 9.5% | -4.7% |
| 1967 | 9.4% | -1.0% |
| 1968 | 9.5% | +1.2% |
| 1969 | 10.2% | +7.4% |
| 1970 | 9.8% | -4.6% |
| 1971 | 9.4% | -3.5% |
| 1972 | 10.0% | +6.6% |
| 1973 | 11.0% | +10.0% |
| 1974 | 9.8% | -11.6% |
| 1975 | 9.3% | -4.8% |
| 1976 | 10.6% | +13.6% |
| 1977 | 11.4% | +8.2% |
| 1978 | 10.6% | -7.2% |
| 1979 | 11.5% | +8.0% |
| 1980 | 10.2% | -11.0% |
| 1981 | 10.6% | +4.4% |
| 1982 | 12.5% | +17.6% |
| 1983 | 13.6% | +8.6% |
| 1984 | 14.5% | +6.6% |
| 1985 | 12.9% | -11.0% |
| 1986 | 12.6% | -2.1% |
| 1987 | 12.4% | -2.1% |
| 1988 | 12.4% | +0.1% |
| 1989 | 12.9% | +4.6% |
| 1990 | 12.2% | -6.0% |
| 1991 | 11.6% | -4.4% |
| 1992 | 12.5% | +7.3% |
| 1993 | 12.3% | -1.5% |
| 1994 | 12.6% | +2.2% |
| 1995 | 13.8% | +10.2% |
| 1996 | 13.9% | +0.7% |
| 1997 | 13.7% | -1.9% |
| 1998 | 13.1% | -4.5% |
| 1999 | 11.4% | -12.6% |
| 2000 | 12.0% | +5.4% |
| 2001 | 12.5% | +4.1% |
| 2002 | 11.9% | -5.1% |
| 2003 | 13.3% | +11.7% |
| 2004 | 14.5% | +9.1% |
| 2005 | 15.9% | +9.9% |
| 2006 | 16.2% | +1.6% |
| 2007 | 16.7% | +3.4% |
| 2008 | 16.8% | +0.3% |
| 2009 | 16.8% | +0.3% |
| 2010 | 16.1% | -4.4% |
| 2011 | 16.2% | +0.6% |
| 2012 | 16.0% | -1.1% |
| 2013 | 15.3% | -4.4% |
| 2014 | 14.3% | -6.4% |
| 2015 | 13.2% | -8.1% |
| 2016 | 13.1% | -0.3% |
| 2017 | 13.5% | +2.8% |
| 2018 | 13.1% | -2.8% |
| 2019 | 12.3% | -6.3% |
| 2020 | 12.5% | +1.7% |
| 2021 | 12.9% | +3.4% |
| 2022 | 13.0% | +0.5% |
| 2023 | 13.4% | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.3% | 5.2% | 10.2% | 10 |
| 1970s | 10.3% | 9.3% | 11.5% | 10 |
| 1980s | 12.5% | 10.2% | 14.5% | 10 |
| 1990s | 12.7% | 11.4% | 13.9% | 10 |
| 2000s | 14.7% | 11.9% | 16.8% | 10 |
| 2010s | 14.3% | 12.3% | 16.2% | 10 |
| 2020s | 12.9% | 12.5% | 13.4% | 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 from low- and middle-income economies within in Latin America & the Caribbean (IDA & IBRD countries)?
- Merchandise imports from low- and middle-income economies within in Latin America & the Caribbean (IDA & IBRD countries) was 13.4% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies within recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 16.8% in 2009.
- What is the lowest merchandise imports from low- and middle-income economies within recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 5.2% in 1961.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for merchandise imports from low- and middle-income economies within?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 23rd out of 46 groups with data for 2023.
- Is merchandise imports from low- and middle-income economies within rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is down 12.4%. The long-run trend across the full record is rising.
- 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 from low- and middle-income economies within region (% 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 within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.