Trade Trend Estimates Latin America and the Caribbean - 2023 Edition
Year: 2022
Content-Type: Report
Description: This report provides estimates of Latin America and the Caribbean’s international trade flows for 2022. It was prepared by the Integration and Trade Sector (INT) at the Inter-American Development Bank (IDB), in partnership with its Institute for the Integration of Latin America and the Caribbean (INTAL). In 2022, the value of exports from Latin America and the Caribbean grew by 18.8% after increasing by 27.8% in 2021. The increase in export prices held up external sales, while growth in volumes slowed. Trade performance was driven by the United States in Mexico and the Caribbean, while intraregional trade played a key role in Central and South America. The change in trend toward an export slowdown has been consolidated. The balance of risks is tilted to the downside. Commodity prices are on a downward path, and the slowdown in the global economy will impact real demand for the region’s exports in the next periods.
Pages: 24 pages
Author: Giordano, Paolo; Michalczewsky, Kathia
Categories: Developing countries, Economic Development / Stability, Economy, Entrepreneurship, Foreign Trade, Market, Publications, Risk
Tags: Balance of risks, Exports, Market performance, Trade