What is Latin America’s main export?

The main exports from Latin America are agricultural products and natural resources such as copper, iron, and petroleum.

What were four major export items from Latin America?

The economies of the Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua); are largely dependent on four major traditional export products: bananas, coffee, cotton and sugar.

What does Latin America import and export?

Major Export Map of South America

Imports: Machinery, electrical and transportation equipment, chemical products, oil, and electronics. Exports: Coffee, transportation equipment, iron ore, soybeans, footwear, motor vehicles, concentrated orange juice, beef, and tropical hardwoods.

Which Latin American country exports the most goods?

Top South American Export Countries

Rank Exporter 2019 Exports
1. Brazil $223,998,669,000
2. Chile $69,145,962,000
3. Argentina $65,115,327,000
4. Peru $45,135,222,000

How much does Latin America export?

Latin America & Caribbean Consumer goods exports are worth US$ 217,807 million, product share of 21.82%. Latin America & Caribbean Consumer goods imports are worth US$ 304,072 million, product share of 31.01%. Latin America & Caribbean Capital goods exports are worth US$ 260,195 million, product share of 26.07%.

What imports does the US get from Mexico?

The largest categories of imported goods from Mexico are vehicles, electrical machinery, machinery, agricultural products, mineral fuels, and optical and medical equipment.

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Why is Latin America not developed?

No country in Latin America can be named developed, although a few are higher-middle income. One important reason for this large gap is protectionism. … During this period, East Asia was fully into export promotion, tax incentives to exporters, low trade barriers, less protectionism, and fewer controls and regulations.

What are the main imports of Latin America?

Almost three-fourths of South America’s imports consist of machinery, vehicles and parts, chemicals and pharmaceuticals, paper and paperboard, textile products, and other manufactures.

What countries does Latin America trade with?

In 2017, Latin America & Caribbean major trading partner countries for exports were United States, China, Brazil, Argentina and Canada and for imports they were United States, China, Brazil, Germany and Japan.

What are the top 5 commodities from Europe?

In 2020, the top 5 EU export products were machinery and equipment (13.0 % of total exports), pharmaceutical products (11.1 %), motor vehicles (10.7 %), chemical products (8.8 %) and computer, electronic and optical products (8.4 %).