Other small states: Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)

Key figures

What the numbers say

In 2023, Other small states' merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) fell 0.3 percentage points on 2022 (from 0.72% to 0.42%).

Across the 30 yearly changes before that (1993 to 2022), the average change was +0.02 percentage points and a typical year strayed about 0.14 percentage points from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 0.43 percentage points in 2016 and the biggest yearly fall was 0.46 percentage points in 1962. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 7% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

What this measures

Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 64 values

Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) in nearby economies

• Afghanistan — 0.000315% (2023)
• Algeria — 2.56% (2023)
• Bahrain — 2.54% (2023)
• Djibouti — 0.00352% (2023)
• Egypt, Arab Rep. — 1.79% (2023)
• Iran, Islamic Rep. — 0.15% (2023)

More private sector & trade data for Other small states

• Merchandise trade (% of GDP) — 70.8% (2025)
• Merchandise imports from economies in the Arab World (% of total merchandise imports) — 7.29% (2023)
• Merchandise imports from high-income economies (% of total merchandise imports) — 70.72% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 14.74% (2023)
• Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) — 12.41% (2023)
• Merchandise imports from low- and middle-income economies in Europe & Central Asia (% of total merchandise imports) — 3.8% (2023)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Other small states's merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)?

0.42% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is down 0.61 percentage points from 1.03% in 1960. The highest value was 1.13% in 1961 and the lowest 0.03% in 1984.

Is the latest change in merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) unusual for Other small states?

In 2023, Other small states' merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) fell 0.3 percentage points on 2022 (from 0.72% to 0.42%). Across the 30 yearly changes before that (1993 to 2022), the average change was +0.02 percentage points and a typical year strayed about 0.14 percentage points from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.R3.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.