Exports of goods from Latin America and the Caribbean were forecasted to decrease by an average of nearly 15 percent in value in 2020, as a result of the crisis spawned by the coronavirus pandemic. This region's exports to China are expected to suffer the largest drop, amounting to over 24 percent.
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Growth rate of goods exports from Latin America and the Caribbean in 2020, by destination
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 destination [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1115440/latin-america-exports-growth-rate-destination/
Economic Commission for Latin America and the Caribbean. "Growth rate of goods exports from Latin America and the Caribbean in 2020, by destination." Chart. April 21, 2020. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1115440/latin-america-exports-growth-rate-destination/
Economic Commission for Latin America and the Caribbean. (2020). Growth rate of goods exports from Latin America and the Caribbean in 2020, by destination. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1115440/latin-america-exports-growth-rate-destination/
Economic Commission for Latin America and the Caribbean. "Growth Rate of Goods Exports from Latin America and The Caribbean in 2020, by Destination." Statista, Statista Inc., 21 Apr 2020, https://www.statista.com/statistics/1115440/latin-america-exports-growth-rate-destination/
Economic Commission for Latin America and the Caribbean, Growth rate of goods exports from Latin America and the Caribbean in 2020, by destination Statista, https://www.statista.com/statistics/1115440/latin-america-exports-growth-rate-destination/ (last visited December 21, 2024)
Growth rate of goods exports from Latin America and the Caribbean in 2020, by destination [Graph], Economic Commission for Latin America and the Caribbean, April 21, 2020. [Online]. Available: https://www.statista.com/statistics/1115440/latin-america-exports-growth-rate-destination/
