Why South America Is One of the Top Exporters

Many goods we consume each year are exported from South America. The total amount of these exports equates to about $ 502 billion in 2017. This figure has fallen by about -8.2 percent. This data was collected from 2013, when value of South America ‘s shipments was approximately $ 643.6 billion. Yearly, exported South American goods increased by 8.8 percent. This increase was most obvious between 2016 and 2017.

It is estimated that exports from South America account for 2.9 percent of all goods exported in 2017 worldwide. A world database of the ” International Monetary Fund” has developed statistics determining the ” Aggregate Gross Domestic Product “. The data confirms that the export sum was about $ 6,600 trillion during 2017. This indicates exports of South American goods, represent approximately 7.6 percent of the world’s collective economy

As the population of South America reaches around 419 million people, the sum of $ 644 billion from exports directly from South American exports in 2017 is converted to about $ 1,250 per person. This calculation confirms an increase of 13.3 percent from $ 1,163 in exports per resident in 2016.

South America’s top Export Countries

The South American countries that export annually are listed below in order from the highest to the lowest according to monetary gains made in 2017 via shipped goods.

1. Brazil $217.7 billion increased 43.4% and -10% of exports.

2. Chile $68.3 billion increased 13.6% and -11% of exports.

3. Argentina $58.4 billion increased 12% and -23.1% of exports.

4. Peru $44.0 billion increased 8.8% and 3.4% of exports.

5. Colombia $37.8 billion increased 7.5% and -35.8% of exports.

6. Venezuela $29.2 billion increased 5.8% and -66.8% of exports.

7. Ecuador $19.1 billion increased 4% and -23.4% of exports.

8. Paraguay $8.7 billion increased 1.7% and -8.2% of exports.

9. Uruguay $7.9 billion increased 1.6% and -12.3% of exports.

10. Bolivia $7.1 billion increased 1.4% and -42.2% of exports.