The total value of exports of goods from Latin America and the Caribbean were forecasted to decrease by nearly 15 percent in 2020, as the coronavirus pandemic impacts the global economy. Although in terms of volume, the South American sub-region matches the regional average, in terms of value, it is forecasted to be the most hit, with a decrease of nearly 18 percent when compared to the previous year.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
Growth rate of goods exports from Latin America and the Caribbean in 2020, by sub-region
The source assumes the following GDP growth rates for 2020: -2.0% (world), -3.8% (United States), -4.2% (Japan), -5.7% (European Union, 27 countries), 1.8%
(China) and -5.3% (Latin America and the Caribbean); plus an average reduction of 18% in the region’s commodity export basket.
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Economic Commission for Latin America and the Caribbean. (April 21, 2020). Growth rate of goods exports from Latin America and the Caribbean in 2020, by sub-region [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1115421/latin-america-exports-growth-rate-sub-regions/
Economic Commission for Latin America and the Caribbean. "Growth rate of goods exports from Latin America and the Caribbean in 2020, by sub-region." Chart. April 21, 2020. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1115421/latin-america-exports-growth-rate-sub-regions/
Economic Commission for Latin America and the Caribbean. (2020). Growth rate of goods exports from Latin America and the Caribbean in 2020, by sub-region. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1115421/latin-america-exports-growth-rate-sub-regions/
Economic Commission for Latin America and the Caribbean. "Growth Rate of Goods Exports from Latin America and The Caribbean in 2020, by Sub-region." Statista, Statista Inc., 21 Apr 2020, https://www.statista.com/statistics/1115421/latin-america-exports-growth-rate-sub-regions/
Economic Commission for Latin America and the Caribbean, Growth rate of goods exports from Latin America and the Caribbean in 2020, by sub-region Statista, https://www.statista.com/statistics/1115421/latin-america-exports-growth-rate-sub-regions/ (last visited November 17, 2024)
Growth rate of goods exports from Latin America and the Caribbean in 2020, by sub-region [Graph], Economic Commission for Latin America and the Caribbean, April 21, 2020. [Online]. Available: https://www.statista.com/statistics/1115421/latin-america-exports-growth-rate-sub-regions/
