South American Economies Rely Heavily on Commodities

The map below highlights commodity-dependent countries in Latin America and identifies which category of exported raw materials is largest from 2019 through 2021.

A map showing which countries in Latin America and the Caribbean are dependent on energy exports; agricultural exports; or mineral, ore, and metal exports, or are not commodity dependent.

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When more than 60% of a country's merchandise export revenue comes from raw materials, UN Trade and Development considers the country to be "commodity-dependent."

Source: UN Trade and Development, 2023.Get the data