Africa's Development Dynamics (AfDD) Table 28 - International trade in Latin America and the Caribbean
Latin America and the Caribbean: Africa's Development Dynamics (AfDD) Table 28 - International trade was 50.38 Percentage of merchandise value in 2020. ▼ Falling
Africa's Development Dynamics (AfDD) Table 28 - International trade in Latin America and the Caribbean, 2000–2020
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of merchandise value.
Analysis
The most recent figure for africa's development dynamics (afdd) table 28 - international trade in Latin America and the Caribbean is 50.38 Percentage of merchandise value, measured in 2020. That is the lowest value across all 21 years on record.
The figure is down 1.5% on the previous year and down 16.3% over ten years.
Over the whole period, africa's development dynamics (afdd) table 28 - international trade in Latin America and the Caribbean peaked at 64 Percentage of merchandise value in 2009 and was at its lowest, 50.38 Percentage of merchandise value, in 2020.
That places Latin America and the Caribbean 27th out of 28 groups with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Africa's Development Dynamics (AfDD) Table 28 - International trade in Latin America and the Caribbean, year by year
| Year | Percentage of merchandise value | Change |
|---|---|---|
| 2000 | 57.2 Percentage of merchandise value | — |
| 2001 | 58.96 Percentage of merchandise value | +3.1% |
| 2002 | 59.18 Percentage of merchandise value | +0.4% |
| 2003 | 61.56 Percentage of merchandise value | +4.0% |
| 2004 | 62.28 Percentage of merchandise value | +1.2% |
| 2005 | 61.86 Percentage of merchandise value | -0.7% |
| 2006 | 61.18 Percentage of merchandise value | -1.1% |
| 2007 | 62.78 Percentage of merchandise value | +2.6% |
| 2008 | 63.52 Percentage of merchandise value | +1.2% |
| 2009 | 64 Percentage of merchandise value | +0.7% |
| 2010 | 60.2 Percentage of merchandise value | -5.9% |
| 2011 | 59.88 Percentage of merchandise value | -0.5% |
| 2012 | 60.54 Percentage of merchandise value | +1.1% |
| 2013 | 58.42 Percentage of merchandise value | -3.5% |
| 2014 | 55.76 Percentage of merchandise value | -4.5% |
| 2015 | 53.69 Percentage of merchandise value | -3.7% |
| 2016 | 52.55 Percentage of merchandise value | -2.1% |
| 2017 | 52.29 Percentage of merchandise value | -0.5% |
| 2018 | 50.97 Percentage of merchandise value | -2.5% |
| 2019 | 51.14 Percentage of merchandise value | +0.3% |
| 2020 | 50.38 Percentage of merchandise value | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 61.25 Percentage of merchandise value | 57.2 Percentage of merchandise value | 64 Percentage of merchandise value | 10 |
| 2010s | 55.54 Percentage of merchandise value | 50.97 Percentage of merchandise value | 60.54 Percentage of merchandise value | 10 |
| 2020s | 50.38 Percentage of merchandise value | 50.38 Percentage of merchandise value | 50.38 Percentage of merchandise value | 1 |
Countries ranked near Latin America and the Caribbean
- 24 Congo 178.34 Percentage of merchandise value compare
- 25 Tajikistan 175.23 Percentage of merchandise value compare
- 26 Angola 171.43 Percentage of merchandise value compare
- 27 Burundi 169.99 Percentage of merchandise value compare
- 28 Lesotho 45.77 Percentage of merchandise value compare
- 28 Morocco 168.13 Percentage of merchandise value compare
- 29 Sierra Leone 167.13 Percentage of merchandise value compare
- 30 Comoros 164.83 Percentage of merchandise value compare
More economy & growth data for Latin America and the Caribbean
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.54 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.86 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 13.84 million (2027)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 32.96 Percentage of GDP (2028)
- 2.5.1b Number of transboundary breeds (including extinct ones) — Value 348 No (2025)
- 2.5.2 Number of transboundary breeds (not extinct) — Value 340 No (2025)
- 2.5.2 Number of transboundary breeds with unknown risk status — Value 182 No (2025)
- Output per hour worked, GDP constant 2021 international $ at PPP 21.66 (2027)
- 2.5.2 Number of local breeds with unknown risk status — Value 452 No (2025)
- 2.5.2 Number of local breeds (not extinct) — Value 569 No (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 28 - international trade in Latin America and the Caribbean?
- Africa's development dynamics (afdd) table 28 - international trade in Latin America and the Caribbean was 50.38 Percentage of merchandise value in 2020, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 28 - international trade recorded in Latin America and the Caribbean?
- The highest recorded value was 64 Percentage of merchandise value in 2009.
- What is the lowest africa's development dynamics (afdd) table 28 - international trade recorded in Latin America and the Caribbean?
- The lowest recorded value was 50.38 Percentage of merchandise value in 2020.
- How does Latin America and the Caribbean rank for africa's development dynamics (afdd) table 28 - international trade?
- Latin America and the Caribbean ranks 27th out of 28 groups with data for 2020.
- Is africa's development dynamics (afdd) table 28 - international trade rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 16.3%. The long-run trend across the full record is falling.
- Where does this Latin America and the Caribbean data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 28 - International trade costs — Average cost of trade within continent, manufactured goods. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 28 shows the average cost of importing and exporting goods calculated as a percentage of the value of goods traded, broken down by the origin and destination of the trade, whether it is with bordering countries, with countries in the same region, or the same continent.