# USA, Puerto Rico and US Virgin Islands Export Playbook for Latin America and Caribbean

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> Yugalinks regional export playbook

Compare buyer markets, access conditions, and calculated product opportunities in Latin America and Caribbean. Use this guide to prioritize research, not to treat calculated indicators as guaranteed sales.

## Navigation

- [Yugalinks home](https://www.yugalinks.com/)
- [Trade data](https://www.yugalinks.com/trade/)
- [Open country workspace](https://www.yugalinks.com/app/countries)
- [Data sources](https://www.yugalinks.com/data-sources)
- [Methodology](https://www.yugalinks.com/methodology)

## Overview

- Exporter: USA, Puerto Rico and US Virgin Islands (USA)
- Region: Latin America and Caribbean
- Latest trade year: 2024
- Buyer markets: 7
- Calculated three-year opportunity: $69.6B
- Reported FTA markets: 4
- Average reported distance: 6,505 km
- Average business entry indicator: 16 days

## Market comparison

| Market | ISO3 | Opportunity | Products | FTA | Distance | Entry days | Top product |
| --- | --- | ---: | ---: | --- | ---: | ---: | --- |
| Brazil | BRA | $39.5B | 18 | Not reported | 7,694 km | 17 | Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light emitting diodes |
| Panama | PAN | $14.1B | 4 | Reported | 3,581 km | 6 | Oils: petroleum oils and oils obtained from bituminous minerals, crude |
| Chile | CHL | $5.7B | 3 | Reported | 8,271 km | 4 | Oils: petroleum oils and oils obtained from bituminous minerals, crude |
| Argentina | ARG | $5.3B | 1 | Not reported | 8,543 km | 12 | Soya beans: other than seed, whether or not broken |
| Peru | PER | $2.2B | 2 | Reported | 5,891 km | 26 | Telephones for cellular networks or for other wireless networks |
| Colombia | COL | $1.6B | 1 | Reported | 4,021 km | 10 | Telephones for cellular networks or for other wireless networks |
| Paraguay | PRY | $1.1B | 1 | Not reported | 7,538 km | 35 | Telephones for cellular networks or for other wireless networks |

## Product and market opportunities

| Rank | Market | Product | Opportunity | Buyer growth | Current share |
| ---: | --- | --- | ---: | ---: | ---: |
| 1 | Panama (PAN) | HS 270900 - Oils: petroleum oils and oils obtained from bituminous minerals, crude | $6.3B | +17.2% | +10.5% |
| 2 | Argentina (ARG) | HS 120190 - Soya beans: other than seed, whether or not broken | $5.3B | +39.4% | +0.0% |
| 3 | Brazil (BRA) | HS 854140 - Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light emitting diodes | $4.3B | +17.9% | +0.1% |
| 4 | Brazil (BRA) | HS 271019 - Product description unavailable | $3.9B | +9.0% | +22.9% |
| 5 | Brazil (BRA) | HS 870421 - Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 | $3.8B | +7.8% | +0.0% |
| 6 | Panama (PAN) | HS 890190 - Vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods | $3.4B | -0.0% | +0.0% |
| 7 | Panama (PAN) | HS 293379 - Heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) | $3.2B | +59.5% | +7.1% |
| 8 | Brazil (BRA) | HS 870360 - Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, capable of being charged by plugging to external source of electric power | $3.0B | +27.2% | +4.1% |
| 9 | Brazil (BRA) | HS 740311 - Copper: refined, unwrought, cathodes and sections of cathodes | $2.7B | +9.2% | +0.0% |
| 10 | Brazil (BRA) | HS 870380 - Vehicles: with only electric motor for propulsion | $2.5B | +27.9% | +0.5% |
| 11 | Chile (CHL) | HS 270900 - Oils: petroleum oils and oils obtained from bituminous minerals, crude | $2.5B | +6.0% | +0.0% |
| 12 | Brazil (BRA) | HS 271121 - Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas | $2.4B | +60.5% | +0.0% |
| 13 | Brazil (BRA) | HS 851712 - Telephones for cellular networks or for other wireless networks | $2.2B | +8.4% | +0.4% |
| 14 | Brazil (BRA) | HS 890520 - Floating or submersible drilling or production platforms | $2.1B | +13.4% | +0.0% |
| 15 | Chile (CHL) | HS 851712 - Telephones for cellular networks or for other wireless networks | $1.8B | +14.6% | +5.8% |
| 16 | Brazil (BRA) | HS 310420 - Fertilizers, mineral or chemical: potassic, potassium chloride | $1.8B | +10.3% | +1.1% |
| 17 | Brazil (BRA) | HS 310540 - Fertilizers, mineral or chemical: ammonium dihydrogenorthophosphate (monoammonium phosphate) and mixtures thereof with diammonium hydrogenorthophosphate (diammonium phosphate) | $1.7B | +12.9% | +1.7% |
| 18 | Colombia (COL) | HS 851712 - Telephones for cellular networks or for other wireless networks | $1.6B | +9.4% | +5.2% |
| 19 | Brazil (BRA) | HS 851770 - Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts | $1.6B | +8.4% | +0.9% |
| 20 | Brazil (BRA) | HS 850440 - Electrical static converters | $1.5B | +10.7% | +3.9% |

## Sector opportunities

| Sector | Products | Reported buyer imports | Opportunity | Average growth |
| --- | ---: | ---: | ---: | ---: |
| HS2 85 - HS2 sector 85 | 8 | $15.1B | $15.4B | +12.5% |
| HS2 27 - HS2 sector 27 | 4 | $19.8B | $12.6B | +41.7% |
| HS2 87 - HS2 sector 87 | 4 | $8.5B | $10.5B | +17.3% |
| HS2 89 - HS2 sector 89 | 2 | $7.4B | $5.6B | +6.7% |
| HS2 12 - HS2 sector 12 | 1 | $3.0B | $5.3B | +39.4% |
| HS2 31 - HS2 sector 31 | 3 | $7.3B | $4.8B | +11.1% |
| HS2 00 - HS2 sector 00 | 1 | $10.4B | $3.9B | +9.0% |
| HS2 29 - HS2 sector 29 | 1 | $1.9B | $3.2B | +59.5% |

## Frequently asked questions

### Should USA, Puerto Rico and US Virgin Islands focus on Latin America and Caribbean?

Use the market ranking as a starting point, then check product fit, buyer requirements, route costs, tariffs, standards, and competitive conditions.

### What does calculated opportunity mean?

It is a screening indicator built from demand and exporter-position signals. It is not a confirmed order, sales forecast, or guarantee of market entry.

### How should exporters use this page?

Prioritize one market and product combination, then validate buyers, compliance, logistics, pricing, and continuity before making a commercial decision.

## Method

Reported trade observations and calculated indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

Yugalinks presents derived views for research and planning. [Read the full methodology](https://www.yugalinks.com/methodology).

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.