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Trade Trends Estimates: Latin America and the Caribbean. 2025 Edition
This report provides estimates of Latin America and the Caribbeans international trade flows for 2024. It was prepared by the Productivity, Trade, and Innovation Sector (PTI) at the Inter-American Development Bank (IDB).
The value of exports from Latin America and the Caribbean grew by an estimated 4.1% in 2024, following a 1.6% decline in 2023.
This increase was largely due to an export recovery in South America, where volumes surged.
Exports also rebounded in the Caribbean, while growth in Mexico accelerated slightly, bolstered by higher prices. Exports from Central America stagnated.
Although the trade outlook has improved considerably, there are still no signs that the region has returned to a path of sustained trade growth.
The uncertainty currently surrounding global economic growth poses a risk to real demand.
Commodity prices are expected to continue on a downward trend, amid an increasingly volatile global environment.
The value of exports from Latin America and the Caribbean grew by an estimated 4.1% in 2024, following a 1.6% decline in 2023.
This increase was largely due to an export recovery in South America, where volumes surged.
Exports also rebounded in the Caribbean, while growth in Mexico accelerated slightly, bolstered by higher prices. Exports from Central America stagnated.
Although the trade outlook has improved considerably, there are still no signs that the region has returned to a path of sustained trade growth.
The uncertainty currently surrounding global economic growth poses a risk to real demand.
Commodity prices are expected to continue on a downward trend, amid an increasingly volatile global environment.
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