Goods Imports (Customs Basis) in Latin America Share by Country (Million US Dollars, Constant, Seasonally Adjusted)

In 2023, Mexico led Latin America in goods imports on a customs basis with a share of 50.91 million USD, far surpassing Brazil's 26.42 million USD. Chile, Argentina, and Peru followed with 10.53, 8.29, and 4.95 million USD, respectively. The year-on-year variation saw Brazil increase by 4.13%, Chile by 3.31%, while Mexico and Argentina showed negligible growth at 0.69% and 0.58%, respectively. Peru experienced a modest 1.84% rise. The cumulative average growth rate (CAGR) over the last five years indicates a sustained interest in import growth, especially from Brazil and Chile.

Future trends to watch include:

• The impact of regional trade agreements on import dynamics
• The role of technological advancements in trade facilitation
• Brazil's potential to catch up with Mexico in import volumes
• Chile's continued import growth trajectory