Goods Imports (Customs Basis) in Latin America by Country

In 2023, Mexico led Latin American goods imports at $424.05 billion, followed by Brazil at $220.02 billion. Chile and Argentina reported $87.74 billion and $69.06 billion, respectively, while Peru stayed at $41.25 billion. Year-on-year, Brazil showed the most robust growth at 4.13%, with Chile following at 3.31%. Mexico and Argentina had the slowest growth, at 0.69% and 0.58%, respectively. Over the last five years, the compound annual growth rate (CAGR) indicated steady expansion across the region.

Future trends to watch could include:

• The impact of regional trade agreements on import dynamics.
• Supply chain shifts potentially affecting import volumes.
• Technological advancements enhancing trade efficiency.
• Economic stability influencing purchasing power and demand.