transmigrante vs Latin American

transmigrante and Latin American both are nouns.

Word	Noun	Adjective	Verb	Adverb
transmigrante	Yes	No	No	No
Latin American	Yes	No	No	No

As nouns, Latin American is a hypernym of transmigrante; that is, Latin American is a word with a broader meaning than transmigrante:

transmigrante: a Latin American who buys used goods in the United States and takes them to Latin America to sell
Latin American: a native of Latin America

Other hypernyms of transmigrante include Latino, hawker, packman, peddler, pedlar, pitchman.

transmigrante (noun)	Latin American (noun)
a Latin American who buys used goods in the United States and takes them to Latin America to sell	a native of Latin America