Ores and metals exports in Latin America & Caribbean
Latin America & Caribbean: Ores and metals exports was 10.4% in 2024. ▼ Falling
Ores and metals exports in Latin America & Caribbean, 1962–2024
Source: Comtrade database, United Nations (UN), publisher: UN Statistics Division. Measured in % of merchandise exports.
Analysis
In 2024, ores and metals exports in Latin America & Caribbean stood at 10.4%.
The figure is down 5.2% on the previous year and down 2.0% over ten years.
Over the whole period, ores and metals exports in Latin America & Caribbean peaked at 23.5% in 1963 and was at its lowest, 7.1%, in 2001.
Latin America & Caribbean ranks 9th of 46 groups on this measure, in the top quarter.
The long-run direction has been consistently falling across the 61 years of available data.
Ores and metals exports in Latin America & Caribbean, year by year
| Year | % of merchandise exports | Change |
|---|---|---|
| 1962 | 21.0% | — |
| 1963 | 23.5% | +12.2% |
| 1964 | 19.3% | -18.1% |
| 1965 | 18.9% | -1.9% |
| 1966 | 18.6% | -1.7% |
| 1967 | 18.9% | +1.8% |
| 1968 | 20.1% | +6.3% |
| 1969 | 18.5% | -7.8% |
| 1970 | 17.9% | -3.4% |
| 1971 | 16.6% | -7.3% |
| 1972 | 14.9% | -10.0% |
| 1973 | 17.0% | +14.1% |
| 1974 | 18.0% | +5.6% |
| 1975 | 16.4% | -8.8% |
| 1976 | 15.3% | -6.7% |
| 1977 | 13.6% | -11.1% |
| 1978 | 12.4% | -8.7% |
| 1979 | 11.9% | -4.2% |
| 1980 | 11.8% | -0.7% |
| 1981 | 10.5% | -10.8% |
| 1982 | 10.4% | -1.2% |
| 1983 | 10.7% | +2.8% |
| 1984 | 9.9% | -7.8% |
| 1985 | 10.2% | +2.8% |
| 1986 | 10.2% | +0.8% |
| 1987 | 10.6% | +3.8% |
| 1990 | 11.9% | +12.5% |
| 1991 | 10.5% | -11.9% |
| 1992 | 10.1% | -3.6% |
| 1993 | 8.8% | -13.2% |
| 1994 | 8.4% | -4.3% |
| 1995 | 9.2% | +8.7% |
| 1996 | 8.3% | -9.6% |
| 1997 | 8.2% | -0.4% |
| 1998 | 8.1% | -2.1% |
| 1999 | 7.9% | -1.7% |
| 2000 | 8.0% | +1.0% |
| 2001 | 7.1% | -11.7% |
| 2002 | 7.2% | +1.3% |
| 2003 | 7.1% | -1.0% |
| 2004 | 8.6% | +20.8% |
| 2005 | 9.1% | +5.8% |
| 2006 | 10.3% | +13.5% |
| 2007 | 11.2% | +8.8% |
| 2008 | 10.2% | -9.2% |
| 2009 | 9.9% | -2.7% |
| 2010 | 11.9% | +20.4% |
| 2011 | 12.6% | +5.3% |
| 2012 | 11.3% | -10.4% |
| 2013 | 11.1% | -1.9% |
| 2014 | 10.6% | -3.8% |
| 2015 | 9.5% | -10.3% |
| 2016 | 9.8% | +2.4% |
| 2017 | 10.4% | +6.5% |
| 2018 | 10.0% | -3.7% |
| 2019 | 10.2% | +2.1% |
| 2020 | 11.6% | +13.8% |
| 2021 | 13.5% | +15.9% |
| 2022 | 10.6% | -21.3% |
| 2023 | 11.0% | +3.7% |
| 2024 | 10.4% | -5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.9% | 18.5% | 23.5% | 8 |
| 1970s | 15.4% | 11.9% | 18.0% | 10 |
| 1980s | 10.5% | 9.9% | 11.8% | 8 |
| 1990s | 9.2% | 7.9% | 11.9% | 10 |
| 2000s | 8.9% | 7.1% | 11.2% | 10 |
| 2010s | 10.7% | 9.5% | 12.6% | 10 |
| 2020s | 11.4% | 10.4% | 13.5% | 5 |
Countries ranked near Latin America & Caribbean
More energy & mining data for Latin America & Caribbean
- Fuel imports 10.9% (2024)
- Ores and metals imports 2.3% (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 ores and metals exports in Latin America & Caribbean?
- Ores and metals exports in Latin America & Caribbean was 10.4% in 2024, according to Comtrade database, United Nations (UN), publisher: UN Statistics Division.
- What is the highest ores and metals exports recorded in Latin America & Caribbean?
- The highest recorded value was 23.5% in 1963.
- What is the lowest ores and metals exports recorded in Latin America & Caribbean?
- The lowest recorded value was 7.1% in 2001.
- How does Latin America & Caribbean rank for ores and metals exports?
- Latin America & Caribbean ranks 9th out of 46 groups with data for 2024.
- Is ores and metals exports rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is falling.
- 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 Ores and metals exports (% of merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Ores and metals comprise the commodities in SITC (Rev. 3) sections 27 (crude fertilizer, minerals nes); 28 (metalliferous ores, scrap); and 68 (non-ferrous metals). Exports of services are services provided by residents to non-residents. This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-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.