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HomeIndicators › Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)

Trade & Finance

Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)

Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

World Bank code: TX.VAL.MRCH.R3.ZS • Data available for 205 countries • Latest year: 2023

In , Paraguay led Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) at 66.04.

The world median across 192 reporting countries was 1.15.

What this measures: Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

How "Trade & Finance" indicators are measured

Trade and finance indicators are sourced from customs declarations, balance-of-payments statistics, and central bank reporting. Exports and imports are usually reported FOB (free on board) for exports and CIF (cost, insurance, freight) for imports, which means global exports and global imports rarely sum to zero. Foreign direct investment data can be volatile year-over-year because of one-off cross-border acquisitions.

Distribution — 2023

Reporting
192 countries
Median
1.15
Mean
4.94
25th percentile
0.17
75th percentile
3.17
Range
0.00 – 66.04

World at a Glance — 2023

Every reporting country, grouped by region, shaded by value (quintile).

East Asia & PacificAmerican Samoa: 3.18ASAustralia: 0.70AUCambodia: 0.70KHChina: 6.00CNGuam: 0.01GUHong Kong SAR, China: 1.47HKIndonesia: 2.02IDJapan: 3.21JPKiribati: 4.26KIKorea, Dem. People's Rep.: 1.75KPKorea, Rep.: 3.31KRLao PDR: 0.00LAMacao SAR, China: 0.03MOMalaysia: 2.10MYMarshall Islands: 2.05MHMicronesia, Fed. Sts.: 4.45FMMongolia: 0.08MNMyanmar: 0.40MMNauru: 2.34NRNew Zealand: 1.58NZPalau: 27.73PWPapua New Guinea: 0.01PGPhilippines: 1.82PHSingapore: 1.11SGSolomon Islands: 0.28SBThailand: 3.04THTimor-Leste: 0.27TLTuvalu: 0.72TVViet Nam: 2.55VNEurope & Central AsiaAlbania: 0.06ALArmenia: 0.01AMAustria: 1.76ATAzerbaijan: 0.00AZBelarus: 0.82BYBelgium: 2.05BEBosnia and Herzegovina: 0.23BABulgaria: 0.57BGCroatia: 0.47HRCyprus: 0.49CYCzechia: 0.80CZDenmark: 2.17DKEstonia: 0.51EEFaroe Islands: 0.98FOFinland: 2.07FIFrance: 1.89FRGeorgia: 1.18GEGermany: 2.57DEGibraltar: 3.75GIGreece: 0.81GRGreenland: 0.00GLHungary: 1.25HUIceland: 0.21ISIreland: 1.86IEItaly: 2.69ITKazakhstan: 0.07KZKosovo: 0.06XKKyrgyz Republic: 0.01KGLatvia: 0.46LVLithuania: 0.64LTLuxembourg: 1.97LUMoldova: 0.06MDMontenegro: 0.02MENetherlands: 1.41NLNorth Macedonia: 0.24MKNorway: 0.76NOPoland: 1.00PLPortugal: 2.30PTRomania: 0.60RORussian Federation: 3.35RUSan Marino: 11.18SMSerbia: 0.61RSSlovak Republic: 0.79SKSlovenia: 0.39SISpain: 4.14ESSweden: 1.76SESwitzerland: 1.77CHTajikistan: 0.15TJTurkiye: 1.44TRTurkmenistan: 0.32TMUkraine: 0.34UAUnited Kingdom: 1.63GBUzbekistan: 0.05UZLatin America & CaribbeanAntigua and Barbuda: 5.10AGArgentina: 30.59ARAruba: 51.83AWBahamas, The: 0.10BSBarbados: 29.62BBBelize: 24.46BZBolivia: 41.11BOBrazil: 12.49BRChile: 13.40CLColombia: 19.47COCosta Rica: 21.07CRCuba: 8.03CUCuracao: 1.78CWDominica: 3.52DMDominican Republic: 12.05DOEcuador: 9.50ECEl Salvador: 54.29SVGrenada: 31.65GDGuatemala: 46.63GTGuyana: 2.74GYHaiti: 4.82HTHonduras: 33.64HNJamaica: 5.42JMMexico: 3.35MXNicaragua: 26.87NIPanama: 5.70PAParaguay: 66.04PYPeru: 9.27PESint Maarten (Dutch part): 1.05SXSt. Kitts and Nevis: 8.81KNSt. Lucia: 18.49LCSt. Vincent and the Grenadines: 25.26VCSuriname: 11.65SRTrinidad and Tobago: 15.50TTUruguay: 37.81UYVenezuela, RB: 22.75VEMiddle East, North Africa, Afghanistan & PakistanAfghanistan: 0.00AFAlgeria: 2.56DZBahrain: 2.54BHDjibouti: 0.00DJEgypt, Arab Rep.: 1.79EGIran, Islamic Rep.: 0.15IRIraq: 0.00IQIsrael: 3.85ILJordan: 1.27JOKuwait: 0.04KWLebanon: 0.51LBLibya: 3.02LYMalta: 2.05MTMorocco: 4.74MAOman: 1.48OMPakistan: 1.69PKQatar: 0.19QASaudi Arabia: 1.43SATunisia: 0.60TNUnited Arab Emirates: 0.80AEWest Bank and Gaza: 0.03PSNorth AmericaBermuda: 0.22BMCanada: 2.41CAUnited States: 23.41USSouth AsiaBangladesh: 1.56BDBhutan: 0.01BTIndia: 4.13INMaldives: 0.24MVNepal: 0.03NPSri Lanka: 3.17LKSub-Saharan AfricaAngola: 1.67AOBenin: 0.03BJBurkina Faso: 0.03BFCabo Verde: 0.17CVCameroon: 0.26CMCentral African Republic: 1.93CFChad: 0.00TDCongo, Dem. Rep.: 0.00CDCongo, Rep.: 1.42CGCote d'Ivoire: 1.30CIEquatorial Guinea: 1.32GQEritrea: 0.05EREswatini: 0.01SZEthiopia: 0.24ETGabon: 3.65GAGambia, The: 0.00GMGhana: 3.14GHGuinea: 0.00GNGuinea-Bissau: 0.47GWKenya: 0.19KELesotho: 0.06LSLiberia: 0.73LRMadagascar: 0.59MGMalawi: 0.44MWMali: 0.04MLMauritania: 0.68MRMauritius: 0.24MUMozambique: 0.11MZNamibia: 0.05NANiger: 0.01NENigeria: 3.17NGRwanda: 0.00RWSao Tome and Principe: 0.18STSenegal: 0.73SNSeychelles: 0.39SCSierra Leone: 0.02SLSomalia, Fed. Rep.: 0.10SOSouth Africa: 1.12ZASudan: 0.01SDTanzania: 0.06TZTogo: 0.00TGUganda: 0.00UGZambia: 0.04ZMZimbabwe: 0.01ZW

Lighter = lower value · Darker = higher value. Hover a cell to see the country and value.

Highest Values — 2023

# Country Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)
1 Paraguay Latin America & Caribbean 66.04
2 El Salvador Latin America & Caribbean 54.29
3 Aruba Latin America & Caribbean 51.83
4 Guatemala Latin America & Caribbean 46.63
5 Bolivia Latin America & Caribbean 41.11
6 Uruguay Latin America & Caribbean 37.81
7 Honduras Latin America & Caribbean 33.64
8 Grenada Latin America & Caribbean 31.65
9 Argentina Latin America & Caribbean 30.59
10 Barbados Latin America & Caribbean 29.62

Looking for a specific country? Only the top and bottom 10 appear here. See where every country ranks for Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports).

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Biggest Movers — Year over Year

Largest increases

Largest decreases

By Income Group — Average

Income group Countries Mean
High income 71 4.77
Upper middle income 50 8.52
Lower middle income 48 3.21
Low income 21 0.30
Not classified 2 11.50

By Region — Average

Region Countries Mean
East Asia & Pacific 29 2.66
Europe & Central Asia 53 1.26
Latin America & Caribbean 36 19.88
Middle East, North Africa, Afghanistan & Pakistan 21 1.37
North America 3 8.68
South Asia 6 1.52
Sub-Saharan Africa 44 0.56

Lowest Values — 2023

# Country Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)
1 Afghanistan 0.00
2 Uganda 0.00
3 Gambia, The 0.00
4 Lao PDR 0.00
5 Chad 0.00
6 Guinea 0.00
7 Congo, Dem. Rep. 0.00
8 Iraq 0.00
9 Azerbaijan 0.00
10 Togo 0.00
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Source: World Bank Open Data (TX.VAL.MRCH.R3.ZS), CC BY 4.0. Rankings show countries with available data for 2023.