Latin America & Caribbean | Merchandise imports (current US$)

Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars. Limitations and exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels. Statistical concept and methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.
Publisher
The World Bank
Origin
Latin America & Caribbean
Records
63
Source
Latin America & Caribbean | Merchandise imports (current US$)
9729186563.7248 1960
10236221210.928 1961
10535403145.613 1962
10480815564.548 1963
11363664712.162 1964
11550522201.194 1965
12697911164.74 1966
13190249155.503 1967
14448912803.529 1968
15945872238.129 1969
18200759240.598 1970
20475591705.379 1971
22564616442.303 1972
29314580793.269 1973
50392735412.715 1974
55821050445.195 1975
57582549695.727 1976
64697830935.361 1977
72257161151.738 1978
88765705379.31 1979
123806733378.57 1980
132712907181.62 1981
107365373866.15 1982
83850723561.079 1983
87613067609.891 1984
86326060410.158 1985
89296884533.523 1986
97605178760.238 1987
110360829374.76 1988
119590638464.03 1989
128034018392.19 1990
146572174769.24 1991
176432397843.96 1992
194172606124.12 1993
228635167631.71 1994
257284855273.35 1995
286761811939.32 1996
341197160916.8 1997
358892340629.82 1998
347216328450.85 1999
402951222819.74 2000
393772725353.5 2001
368847842673.35 2002
381816070011.85 2003
466842570898.21 2004
559046415952.7 2005
665073739437.36 2006
790915162586.37 2007
966929735431.21 2008
723565195700.09 2009
934205072277.31 2010
1144235782577.9 2011
1179854766744.3 2012
1216976578142.5 2013
1208723005161.6 2014
1075853112969.7 2015
975301967600.99 2016
1066368727325.3 2017
1179649354941.4 2018
1135063372547.6 2019
955027661778.89 2020
1320562755749 2021
1604727505294.2 2022

Latin America & Caribbean | Merchandise imports (current US$)

Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars. Limitations and exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels. Statistical concept and methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.
Publisher
The World Bank
Origin
Latin America & Caribbean
Records
63
Source