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2022
Exports $79.1kWorld Rnk 51 / 125
Flag Rnk 883 / 1142
2022
Destination $2.46k Bolivia
2021 - 2022
FASTEST GROWING MARKET $2.46kParaguay
2022
Imports $890kWorld Rnk 55 / 197
Flag Rnk 953 / 1203
2022
Origin $26.8k China
2021 - 2022
FASTEST GROWING ORIGIN $26.8kUnited States
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $79.1k in Balances, making it the 51st largest exporter of Balances in the world. At the same year, Balances was the 883rd most exported product in Chile. The main destination of Balances exports from Chile are: Bolivia ($56.8k), Paraguay ($10.6k), Peru ($3.6k), Uruguay ($3.34k), and Argentina ($2.93k).

The fastest growing export markets for Balances of Chile between 2021 and 2022 were Paraguay ($2.46k), United Kingdom ($1.16k), and Ireland ($647).

Imports In 2022, Chile imported $890k in Balances, becoming the 55th largest importer of Balances in the world. At the same year, Balances was the 953rd most imported product in Chile. Chile imports Balances primarily from: China ($360k), Germany ($153k), Netherlands ($108k), Switzerland ($61.4k), and Uruguay ($51.7k).

The fastest growing import markets in Balances for Chile between 2021 and 2022 were United States ($26.8k), Canada ($11.1k), and Poland ($10k).

Latest Trends

May 2024

About

Overview In May 2024 Chile's Balances exports accounted up to $2.1k and imports accounted up to $1.34M, resulting in a negative trade balance of $1.34M. Between August 2019 and May 2024 the exports of Chile's   Balances have decreased by $-48.6 (-2.26%) from $2.15k to $2.1k, while imports increased by $1.05M (374%) from $282k to $1.34M.

Destinations In May 2024, Balances were exported mostly to , and were imported mostly from Uruguay ($851k), Germany ($427k), Switzerland ($39.3k), and South Korea ($20.5k).

Growth In May 2024, the decrease in Balances's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from Switzerland ($316k or 239%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2019 - May 2024)$-48.6(-2.26%)
IMPORT GROWTH (June 2023 - June 2024)$1.05M(374%)
MAIN EXPORTER (May 2024)Renca$2.38k
MAIN DESTINATION (May 2024)

This section shows Balances's exports and imports data at subnational level for Chile. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Balances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$79.1k
IMPORTS (2022)$890k
NET TRADE (2022)-$811k

In 2022, Chile exported $79.1k in Balances. The main destinations of Chile exports on Balances were Bolivia ($56.8k), Paraguay ($10.6k), Peru ($3.6k), Uruguay ($3.34k), and Argentina ($2.93k).

In 2022, Chile imported $890k in Balances, mainly from China ($360k), Germany ($153k), Netherlands ($108k), Switzerland ($61.4k), and Uruguay ($51.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Paraguay$2.46k (30.3%)
United Kingdom$1.16k (1%)
Ireland$647 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY Chile WERE (2021 - 2022):
Bolivia-$58.4k (-50.7%)
Germany-$9.71k (-100%)
Peru-$6.91k (-65.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Balances were:
China $102M
Germany $101M
Netherlands $48.4M
In 2022, Chile's main importing competitors in Balances were:
United States $51.8M
Germany $27.3M
India $26.3M

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALArgentina+ $2.77k
TOP IMPORT POTENTIALGermany+ $34.3k

Balances’s highest export potential is Argentina. With an export gap of $2.77k.   Balances’s highest import potential is Germany with an import gap of $34.3k.

See methodology.

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