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2022
Exports $2.82MWorld Rnk 64 / 219
Flag Rnk 416 / 1142
2022
Destination $571k Peru
2021 - 2022
FASTEST GROWING MARKET $571kPeru
2022
PRODUCT COMPLEXITY IN Ball Bearings1.2Rnk 104 / 1025
2022
Imports $128MWorld Rnk 41 / 220
Flag Rnk 149 / 1203
2022
Origin $14M United States
2021 - 2022
FASTEST GROWING ORIGIN $14MUnited States
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $2.82M in Ball Bearings, making it the 64th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 416th most exported product in Chile. The main destination of Ball Bearings exports from Chile are: Peru ($946k), Argentina ($469k), United States ($382k), Canada ($174k), and Mexico ($125k).

The fastest growing export markets for Ball Bearings of Chile between 2021 and 2022 were Peru ($571k), United States ($160k), and Canada ($154k).

Imports In 2022, Chile imported $128M in Ball Bearings, becoming the 41st largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 149th most imported product in Chile. Chile imports Ball Bearings primarily from: United States ($59.9M), China ($18.3M), Germany ($10.3M), Japan ($5.53M), and Sweden ($5.21M).

The fastest growing import markets in Ball Bearings for Chile between 2021 and 2022 were United States ($14M), Japan ($3.22M), and China ($3.1M).

COMPANIES In 2023, leading companies such as NOURYON FUNCTIONAL CHEMICALS LLC (1) were at the forefront of shipping Ball Bearings from Chile to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Chile's Ball Bearings exports accounted up to $97.5k and imports accounted up to $29.9M, resulting in a negative trade balance of $29.9M. Between October 2023 and October 2024 the exports of Chile's   Ball Bearings have increased by $5.19k (5.62%) from $92.3k to $97.5k, while imports decreased by $-23.2M (-43.6%) from $53.1M to $29.9M.

Destinations In October 2024, Ball Bearings were exported mostly to Peru ($52.5k), India ($16.9k), Argentina ($12.1k), United States ($3.89k), and Colombia ($3.61k), and were imported mostly from Switzerland ($10.5M), United States ($9.03M), Brazil ($2.42M), Germany ($1.54M), and Canada ($1.08M).

Growth In October 2024, the increase in Ball Bearings's year-by-year exports was explained primarily by an increase in exports to Tanzania ($3.35k or 32.8k%), Belgium ($2.57k or 267%), and Heard Island and McDonald Islands ($2.13k or 264%). In October 2024, the decrease in Ball Bearings's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-19.5M or -67.5%), Germany ($-2.01M or -58.4%), and South Korea ($-1.08M or -98.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$5.19k(5.62%)
IMPORT GROWTH (October 2023 - October 2024)$-23.2M(-43.6%)
MAIN EXPORTER (October 2024)Huechuraba$339k
MAIN DESTINATION (October 2024)Peru$52.5k

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.82M
IMPORTS (2022)$128M
NET TRADE (2022)-$125M

In 2022, Chile exported $2.82M in Ball Bearings. The main destinations of Chile exports on Ball Bearings were Peru ($946k), Argentina ($469k), United States ($382k), Canada ($174k), and Mexico ($125k).

In 2022, Chile imported $128M in Ball Bearings, mainly from United States ($59.9M), China ($18.3M), Germany ($10.3M), Japan ($5.53M), and Sweden ($5.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Peru$571k (152%)
United States$160k (71.8%)
Canada$154k (785%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Chile WERE (2021 - 2022):
Germany-$342k (-99.6%)
Singapore-$168k (-100%)
India-$28.5k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Chile's main importing competitors in Ball Bearings were:
Germany $4.52B
United States $3.67B
China $3.34B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $646k
TOP IMPORT POTENTIALChina+ $8.67M

Ball Bearings’s highest export potential is United States. With an export gap of $646k.   Ball Bearings’s highest import potential is China with an import gap of $8.67M.

See methodology.

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