Trade in Latin America & Caribbean
Latin America & Caribbean: Trade was 49.1% in 2025. ▲ Rising
Trade in Latin America & Caribbean, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, trade in Latin America & Caribbean stood at 49.1%.
That represents a change of down 1.0% on the previous year and up 9.2% over ten years.
Over the whole period, trade in Latin America & Caribbean peaked at 56.0% in 2022 and was at its lowest, 19.6%, in 1967.
Latin America & Caribbean ranks 27th of 43 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 66 years of available data.
Trade in Latin America & Caribbean, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 21.7% | — |
| 1961 | 20.9% | -3.9% |
| 1962 | 19.7% | -5.8% |
| 1963 | 23.1% | +17.3% |
| 1964 | 20.2% | -12.5% |
| 1965 | 20.3% | +0.6% |
| 1966 | 20.3% | -0.2% |
| 1967 | 19.6% | -3.0% |
| 1968 | 20.5% | +4.3% |
| 1969 | 20.9% | +2.2% |
| 1970 | 22.2% | +6.0% |
| 1971 | 22.7% | +2.1% |
| 1972 | 23.4% | +3.3% |
| 1973 | 24.7% | +5.6% |
| 1974 | 29.2% | +18.2% |
| 1975 | 27.4% | -6.0% |
| 1976 | 27.1% | -1.3% |
| 1977 | 28.0% | +3.3% |
| 1978 | 27.5% | -1.7% |
| 1979 | 28.9% | +5.0% |
| 1980 | 30.1% | +4.2% |
| 1981 | 29.1% | -3.3% |
| 1982 | 27.7% | -4.7% |
| 1983 | 29.2% | +5.5% |
| 1984 | 29.9% | +2.2% |
| 1985 | 29.4% | -1.7% |
| 1986 | 28.4% | -3.4% |
| 1987 | 29.2% | +2.8% |
| 1988 | 32.4% | +10.9% |
| 1989 | 32.2% | -0.5% |
| 1990 | 32.9% | +2.3% |
| 1991 | 29.6% | -10.2% |
| 1992 | 30.3% | +2.6% |
| 1993 | 28.6% | -5.9% |
| 1994 | 29.0% | +1.7% |
| 1995 | 32.1% | +10.5% |
| 1996 | 32.7% | +1.9% |
| 1997 | 33.1% | +1.2% |
| 1998 | 33.3% | +0.7% |
| 1999 | 34.6% | +3.9% |
| 2000 | 36.3% | +4.8% |
| 2001 | 36.6% | +1.1% |
| 2002 | 38.9% | +6.1% |
| 2003 | 40.7% | +4.7% |
| 2004 | 42.7% | +5.0% |
| 2005 | 42.5% | -0.5% |
| 2006 | 43.1% | +1.5% |
| 2007 | 43.3% | +0.3% |
| 2008 | 45.2% | +4.5% |
| 2009 | 39.1% | -13.5% |
| 2010 | 41.4% | +5.8% |
| 2011 | 43.6% | +5.5% |
| 2012 | 45.6% | +4.5% |
| 2013 | 45.2% | -0.8% |
| 2014 | 44.6% | -1.2% |
| 2015 | 45.0% | +0.8% |
| 2016 | 44.0% | -2.1% |
| 2017 | 44.3% | +0.7% |
| 2018 | 48.2% | +8.7% |
| 2019 | 47.7% | -1.0% |
| 2020 | 46.0% | -3.6% |
| 2021 | 52.6% | +14.4% |
| 2022 | 56.0% | +6.5% |
| 2023 | 48.7% | -13.0% |
| 2024 | 49.7% | +1.9% |
| 2025 | 49.1% | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.7% | 19.6% | 23.1% | 10 |
| 1970s | 26.1% | 22.2% | 29.2% | 10 |
| 1980s | 29.7% | 27.7% | 32.4% | 10 |
| 1990s | 31.6% | 28.6% | 34.6% | 10 |
| 2000s | 40.8% | 36.3% | 45.2% | 10 |
| 2010s | 45.0% | 41.4% | 48.2% | 10 |
| 2020s | 50.4% | 46.0% | 56.0% | 6 |
Countries ranked near Latin America & Caribbean
- 24 Netherlands 150.1% compare
- 25 Switzerland 147.2% compare
- 26 Jordan 146.0% compare
- 27 Lithuania 142.1% compare
- 28 Hungary 140.8% compare
- 29 Mauritius 139.9% compare
- 30 Macau, China 139.1% compare
More economy & growth data for Latin America & Caribbean
- Households and NPISHs Final consumption expenditure (current US$) 4.28 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,782 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.15 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1354 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,502 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,621 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,410 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.5 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1607 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6869 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in Latin America & Caribbean?
- Trade in Latin America & Caribbean was 49.1% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Latin America & Caribbean?
- The highest recorded value was 56.0% in 2022.
- What is the lowest trade recorded in Latin America & Caribbean?
- The lowest recorded value was 19.6% in 1967.
- How does Latin America & Caribbean rank for trade?
- Latin America & Caribbean ranks 27th out of 43 groups with data for 2025.
- Is trade rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 9.2%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Trade (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.