Fuel imports in Latin America & Caribbean
Latin America & Caribbean: Fuel imports was 10.9% in 2024. ▲ Rising
Fuel imports in Latin America & Caribbean, 1962–2024
Source: Comtrade database, United Nations (UN), publisher: UN Statistics Division. Measured in % of merchandise imports.
Analysis
In 2024, fuel imports in Latin America & Caribbean stood at 10.9%.
Compared with earlier readings it is down 15.4% on the previous year and down 22.3% over ten years.
Over the whole period, fuel imports in Latin America & Caribbean peaked at 17.3% in 1982 and was at its lowest, 5.0%, in 1998.
That places Latin America & Caribbean 38th out of 47 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 60 years of available data.
Fuel imports in Latin America & Caribbean, year by year
| Year | % of merchandise imports | Change |
|---|---|---|
| 1962 | 6.7% | — |
| 1963 | 7.0% | +4.3% |
| 1964 | 7.2% | +2.7% |
| 1965 | 7.3% | +1.2% |
| 1966 | 6.7% | -7.4% |
| 1967 | 6.7% | -0.2% |
| 1968 | 6.6% | -2.1% |
| 1969 | 6.6% | -0.1% |
| 1970 | 6.1% | -7.6% |
| 1971 | 7.4% | +21.1% |
| 1972 | 7.4% | +0.3% |
| 1973 | 8.8% | +18.6% |
| 1974 | 13.2% | +51.1% |
| 1975 | 13.0% | -2.1% |
| 1976 | 13.5% | +4.0% |
| 1977 | 13.6% | +0.8% |
| 1978 | 12.3% | -9.1% |
| 1979 | 13.8% | +11.7% |
| 1980 | 14.7% | +7.1% |
| 1981 | 16.9% | +14.9% |
| 1982 | 17.3% | +2.4% |
| 1983 | 17.1% | -1.5% |
| 1984 | 17.2% | +0.8% |
| 1985 | 16.8% | -2.3% |
| 1986 | 10.2% | -39.3% |
| 1987 | 11.4% | +11.5% |
| 1991 | 9.6% | -15.9% |
| 1992 | 8.6% | -10.6% |
| 1993 | 7.5% | -12.7% |
| 1994 | 5.9% | -20.6% |
| 1995 | 5.9% | -1.1% |
| 1996 | 6.4% | +9.5% |
| 1997 | 6.3% | -1.4% |
| 1998 | 5.0% | -20.8% |
| 1999 | 6.3% | +24.5% |
| 2000 | 8.5% | +36.3% |
| 2001 | 8.4% | -1.9% |
| 2002 | 7.8% | -6.5% |
| 2003 | 8.6% | +10.2% |
| 2004 | 9.7% | +12.0% |
| 2005 | 11.0% | +13.8% |
| 2006 | 10.5% | -4.3% |
| 2007 | 12.2% | +15.7% |
| 2008 | 13.8% | +13.9% |
| 2009 | 11.1% | -19.9% |
| 2010 | 12.0% | +8.3% |
| 2011 | 14.1% | +17.9% |
| 2012 | 13.9% | -2.1% |
| 2013 | 14.0% | +0.9% |
| 2014 | 14.0% | +0.2% |
| 2015 | 10.6% | -24.5% |
| 2016 | 9.6% | -9.3% |
| 2017 | 11.3% | +17.7% |
| 2018 | 12.7% | +12.4% |
| 2019 | 11.8% | -6.9% |
| 2020 | 8.6% | -27.3% |
| 2021 | 11.3% | +32.2% |
| 2022 | 14.5% | +27.7% |
| 2023 | 12.9% | -11.1% |
| 2024 | 10.9% | -15.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.8% | 6.6% | 7.3% | 8 |
| 1970s | 10.9% | 6.1% | 13.8% | 10 |
| 1980s | 15.2% | 10.2% | 17.3% | 8 |
| 1990s | 6.8% | 5.0% | 9.6% | 9 |
| 2000s | 10.2% | 7.8% | 13.8% | 10 |
| 2010s | 12.4% | 9.6% | 14.1% | 10 |
| 2020s | 11.6% | 8.6% | 14.5% | 5 |
Countries ranked near Latin America & Caribbean
More energy & mining data for Latin America & Caribbean
- Ores and metals imports 2.3% (2024)
- Ores and metals exports 10.4% (2024)
- Fuel exports 9.8% (2024)
- Electric power transmission and distribution losses 13.6% (2024)
- Mineral rents 3.6% (2021)
- Natural gas rents 0.1% (2021)
- Total natural resources rents 6.1% (2021)
- Alternative and nuclear energy 12.8% (2024)
- Electric power consumption 2,804 kWh per capita (2024)
- Combustible renewables and waste 28.3% (2024)
Frequently asked questions
- What is fuel imports in Latin America & Caribbean?
- Fuel imports in Latin America & Caribbean was 10.9% in 2024, according to Comtrade database, United Nations (UN), publisher: UN Statistics Division.
- What is the highest fuel imports recorded in Latin America & Caribbean?
- The highest recorded value was 17.3% in 1982.
- What is the lowest fuel imports recorded in Latin America & Caribbean?
- The lowest recorded value was 5.0% in 1998.
- How does Latin America & Caribbean rank for fuel imports?
- Latin America & Caribbean ranks 38th out of 47 groups with data for 2024.
- Is fuel imports rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 22.3%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean data come from?
- The figures come from Comtrade database, United Nations (UN), publisher: UN Statistics Division, published as part of Fuel imports (% of merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Fuels comprise the commodities in SITC (Rev. 3) section 3 (mineral fuels, lubricants and related materials). This indicator is expressed as a percentage of merchandise imports which is comprised of goods whose economic ownership is changed between a non-resident and a resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.