Australia vs Latin America & Caribbean: Imports of goods and services
Imports of goods and services over time
- Australia
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 2.01 trillion BoP, current US$ against 424.72 billion BoP, current US$ in Australia, a difference of 1.58 trillion BoP, current US$.
That makes Latin America & Caribbean's figure about 4.7 times Australia's.
Across all 37 years both countries report, Latin America & Caribbean has been ahead every year.
Australia ranks 20th and Latin America & Caribbean ranks 20th of 200 countries.
Latin America & Caribbean has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Australia | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 53.99 billion BoP, current US$ | 127.44 billion BoP, current US$ | 73.45 billion BoP, current US$ | Latin America & Caribbean |
| 1990s | 68.76 billion BoP, current US$ | 274.22 billion BoP, current US$ | 205.46 billion BoP, current US$ | Latin America & Caribbean |
| 2000s | 149.31 billion BoP, current US$ | 654.96 billion BoP, current US$ | 505.65 billion BoP, current US$ | Latin America & Caribbean |
| 2010s | 299.81 billion BoP, current US$ | 1.33 trillion BoP, current US$ | 1.03 trillion BoP, current US$ | Latin America & Caribbean |
| 2020s | 361.14 billion BoP, current US$ | 1.71 trillion BoP, current US$ | 1.35 trillion BoP, current US$ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher imports of goods and services, Australia or Latin America & Caribbean?
- Latin America & Caribbean, at 2.01 trillion BoP, current US$ against 424.72 billion BoP, current US$ in Australia as of 2025.
- What is the difference in imports of goods and services between Australia and Latin America & Caribbean?
- 1.58 trillion BoP, current US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for Australia and Latin America & Caribbean?
- 37 years are reported by both, from 1989 to 2025.
- How do Australia and Latin America & Caribbean rank globally for imports of goods and services?
- Australia ranks 20th and Latin America & Caribbean ranks 20th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Imports of goods and services (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.