From 2019 to 2020, South America’s exported products accelerated by 10.7%.
To give some perspective, global exports from all countries worldwide equaled $17.585 trillion in 2020, falling -6.9% in value since 2016 but appreciating by 10.7% from 2019 to 2020.
To give further context, South American exports in 2020 represents an estimated 2.6% of the world’s exported goods.
Calculated using statistics from the International Monetary Fund’s World Economic Outlook Database, the aggregate Gross Domestic Product for all South American countries (on a Purchasing Power Parity basis) amounted to roughly $6.309 trillion for 2020. Therefore, exports account for approximately 7.2% of South America’s total economic output for 2020, down from 7.5% one year earlier.
Given South America’s population of 430 million people, the $453.8 billion in South American exports for 2020 translates to roughly $1,055 for every person living on the continent. That metric reflects a double-digit decrease from $1,200 in exports per capita one year earlier in 2019.
Top South American Export Countries
Below are the South American export countries sorted in order by those attained the highest dollar value in global shipments during 2020. Also shown is each country’s overall share of South American exports plus the change in value year over year.
|Rank||S. American Entity||2020 Value (US$)||2019-20|
|13||Falkland Is (Malvinas)||$417,654,000||+31.3%|
Collectively, South America’s top 3 export countries (Brazil, Chile, Argentina) accounted for almost three-quarters (73.1%) of the overall value for all goods shipped from that continent in 2020.
The value of Brazil’s shipments approaches half of all South American exports. Brazilian exports include soya beans, iron ores, crude oil, sugar and cars.
Three South American exporters grew the value of their international trade shipments from 2019 to 2020: Falkland Islands aka Malvinas (up 31.3%), Paraguay (up 11.3%) and Suriname (also up 11.3%).
As in 2019, crude oil seller Venezuela led the decliners via a -71.4% drop from 2019 to 2020. The second severest decline belongs to Guyana (down -26.8%) trailed by Colombia (down -21.4%), Bolivia (also down -21.4%) then Argentina (down -15.8%).
See also Argentina’s Top 10 Exports, Brazil’s Top 10 Exports and Chile’s Top Trade Partners
Central Intelligence Agency, The World Factbook Field Listing: Exports and World Population. Accessed on September 4, 2021
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on September 4, 2021
International Trade Centre, Trade Map. Accessed on September 4, 2021
Wikipedia, Economy of Venezuela. Accessed on September 4, 2021
Wikipedia, List of South American countries by population. Accessed on September 4, 2021
WorldOMeter, South America Population. Accessed on September 4, 2021