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Latin American Integration Association

Exports (2022)$1.27T
Imports (2022)$1.19T
Main Exporter (2022)Mexico $549B
Main Importer (2022)Mexico$530B
Internal Trade (2022)11.5%of total trade

About

Overview LAIA (Latin American Integration Association) is a Trade Bloc composed by Mexico, Brazil, Chile, Argentina, Colombia, Peru, Ecuador, Bolivia, Uruguay, Paraguay, Venezuela, and Cuba. In 2022, LAIA exported $1.27T (5.37% of global exports) and imported $1.19T (5.01% of global imports). Its largest exporter, Mexico exported $549B, which corresponds to 43.1% of the total exports. On the other hand, the largest importer, Mexico, imported $530B, which is 44.7% of the total imports of Latin American Integration Association.

Trade In 2022, LAIA's most exported products were Petroleum oils, oils from bituminous minerals, crude ($113B), Soya beans ($52.8B), Copper ores and concentrates ($43.9B), Digital computer cpu with some of storage/input/outpu ($31.4B), and Iron ore, concentrate, not iron pyrites,unagglomerate ($29.9B). The same year, the most imported products were Oils petroleum, bituminous, distillates, except crude ($106B), Transmit-receive apparatus for radio, TV, etc. ($26.8B), Monolithic integrated circuits, digital ($26.3B), Parts and accessories of data processing equipment ne ($26.2B), and Petroleum oils, oils from bituminous minerals, crude ($18B).

Partners In 2022, LAIA's exports went primarly to United States ($515B), China ($180B), Canada ($34.8B), Brazil ($33.8B), and South Korea ($26.2B). The same year, LAIA's imported primarily from United States ($425B), China ($249B), Brazil ($51.7B), Germany ($41.2B), and Argentina ($27B).

Latest Trends

Latest Data

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The following section shows the trade patterns over time for countries that comprise the organization.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Organization Composition

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Value

The following section shows the trade patterns over time for all the countries that comprise the organization, using historical dataset.

Yearly Exports of LAIA

Internal Trade

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Internal Trade includes all trade between the countries that comprise this organization.

In 2022, the top internal exports of LAIA were Cars ($8.23B), Delivery Trucks ($7B), Crude Petroleum ($6.42B), Petroleum Gas ($4.64B), and Corn ($4.12B).

The same year, the principal destinations of internal exports were Brazil ($33.8B), Argentina ($23.4B), Chile ($22.7B), Colombia ($14.6B), and Peru ($12.8B).

Internal Exports (2021)
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Internal Destinations (2021)
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External Trade

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Depth

External trade includes all world trade excluding the countries that comprise this organization.

In 2022, the top external exports of LAIA were United States ($515B), China ($180B), Canada ($34.8B), South Korea ($26.2B), and Netherlands ($26B).

The same year, the principal destinations of external exports were Crude Petroleum ($106B), Soybeans ($50.3B), Cars ($48B), Copper Ore ($43.5B), and Computers ($38.9B).

External Exports (2021)
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External Destinations (2021)
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Total Trade

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Depth
Top Export (2022)Crude Petroleum$113B
Top Destination (2022)United States$515B

In 2022, LAIA exported a total of $1.27T. During the last five reported years the exports of LAIA have changed by $330B from $943B in 2017 to $1.27T in 2022.

The most recent exports are led by Crude Petroleum ($113B), Cars ($56.3B), Soybeans ($52.8B), Copper Ore ($43.9B), and Motor vehicles; parts and accessories (8701 to 8705) ($41.5B). The most common destination for the exports of LAIA are United States ($515B), China ($180B), Canada ($34.8B), Brazil ($33.8B), and South Korea ($26.2B).

Exports (2021)
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Destinations (2021)
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Largest Export by Country

Indicator

The following visualization shows the principal export per country, the product which has grown the most over the past 5 years or the product in which the country has a higher level of specialization, measured by the RCA Index.

Biggest export by country (2021)

Trade between organizations

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This visualization show trade between international organizations. The default selection shows the trade with the rest of the world.

Exports (2021)

Destinations (2021)

Economic Complexity

Complexity and Country Indicators

Indicator

This visualization compares the Economic Complexity Index (ECI) with different indicators about country development such as GDP per capita or Inflation. For more information about ECI, check the Methods page.

In 2022, the countries with higher complexity that belong to Latin American Integration Association were Mexico (1.08), Brazil (0.34), Uruguay (0.17), Colombia (0.14), and Argentina (0.015).

On the other hand, the countries with higher GDP per capita were Uruguay ($20.8k), Chile ($15.4k), Argentina ($13.7k), Mexico ($11.1k), and Brazil ($8.92k).

Finally, the biggest exporters of LAIA were Mexico ($549B), Brazil ($341B), Chile ($99B), Argentina ($87.2B), and Colombia ($60.3B).

GDP per capita v/s ECI for countries that comprise Latin American Integration Association (2022)

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