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South America (excluding intra-trade) Crude Materials nes Import value
What is South America (excluding intra-trade)'s crude materials nes import value (1000 usd)? As of 2023, it's 959K 1000 USD, up from 718.3K 1000 USD in 2014.
| Label | Crude Materials nes Import value (1000 USD) |
|---|---|
| 2014 | 718346.66 1000 USD |
| 2015 | 672215.91 1000 USD |
| 2016 | 622180.19 1000 USD |
| 2017 | 699692 1000 USD |
| 2018 | 882578.23 1000 USD |
| 2019 | 856941.61 1000 USD |
| 2020 | 820620.03 1000 USD |
| 2021 | 929295.3 1000 USD |
| 2022 | 1016844.73 1000 USD |
| 2023 | 959029.76 1000 USD |
Data Source: Food and Agriculture Organization (FAO) and Wantstats Repository
South America (excluding intra-trade) Crude Materials nes Import value: Key Points
- South America (excluding intra-trade)'s crude Materials nes Import value reached 959.03K USD in 2023. That is up on the 718.35K USD recorded in 2014, a rise of about 34%.
- 2015-2016: slides to 622.18K USD (-13%).
- 2017-2018: spikes to 882.58K USD (+42%).
- 2019-2020: keeps falling, down to 820.62K USD (-7%).
- 2021-2022: works higher, reaching 1.02M USD (+24%).
- 2023: Close at 959.03K USD — a gain of 33.5% since 2014.
What Drove The 2021 Trade Rebound
The absence of a clean trend is itself informative — it suggests South America (excluding intra-trade)'s underlying conditions here are unsettled or the measurement is noisy, not that nothing is happening.
The pace of this recovery matches the broader trade rebound most economies experienced in 2021, tied to reopening and renewed demand.
A move this size in one year — 2018, 26% — is large enough to ask whether it's a real-world event or a data/methodology break. Cross-check against a known event in that year before treating it as organic change.
This is South America (excluding intra-trade) data, published by the source linked below. Indicator series like this are usually modeled/estimated between survey years, not measured fresh every year — trust the multi-year direction over any one data point.
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