HS Icon Crude Petroleum in  Flag Chile

2019
Exports | Imports
: $383 | $3.59B, World Rnk 126 / 135
Flag Rnk 1096 / 1121 | World Rnk 32 / 156
Flag Rnk 2 / 1204

2016 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $383 | $545M, Spain |  United States

2019
ECONOMIC COMPLEXITY of Chile
: -0.1, Rnk 77 / 147

2019
PRODUCT COMPLEXITY  IN Crude Petroleum
: -3.02, Rnk 1029 / 1029

Exports In 2019, Chile exported $383 in Crude Petroleum, making it the 126th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1096th most exported product in Chile. The main destination of Crude Petroleum exports from Chile are: Spain ($383).

The fastest growing export markets for Crude Petroleum of Chile between 2016 and 2019 were Spain ($383).

Imports In 2019, Chile imported $3.59B in Crude Petroleum, becoming the 32nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Chile. Chile imports Crude Petroleum primarily from: Brazil ($1.23B), Ecuador ($1.23B), United States ($771M), Angola ($174M), and Argentina ($92.3M).

The fastest growing import markets in Crude Petroleum for Chile between 2018 and 2019 were United States ($545M), Angola ($174M), and Ecuador ($54.6M).

Tariffs In 2018, the average tariff for Chile in Crude Petroleum was 3.55%. The countries with the highest import tariffs for Crude Petroleum were Botswana (Most Favoured Nation duty rate treatement, 6%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 6%), Cameroon (Most Favoured Nation duty rate treatement, 6%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 6%), and Cape Verde (Most Favoured Nation duty rate treatement, 6%).

Historical Data

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EXPORTS (2019): $383

IMPORTS (2019): $3.59B

NET TRADE (2019): -$3.59B

In 2019, Chile exported $383 in Crude Petroleum. The main destinations of Chile exports on Crude Petroleum were Spain ($383).

In 2019, Chile imported $3.59B in Crude Petroleum, mainly from Brazil ($1.23B), Ecuador ($1.23B), United States ($771M), Angola ($174M), and Argentina ($92.3M).

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Chile WERE (2016 - 2019):: Spain, $383 (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Chile WERE (2016 - 2019):

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Market Concentration

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In 2019, Chile's main exporting competitors in Crude Petroleum were:

In 2019, Chile's main importing competitors in Crude Petroleum were:

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Tariffs by Country

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In 2018, the average tariff for Chile in Crude Petroleum was 3.55%.

The countries with the highest tariffs for Crude Petroleum in Chile were Botswana (Most Favoured Nation duty rate treatement, 6%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 6%), Cameroon (Most Favoured Nation duty rate treatement, 6%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 6%), and Cape Verde (Most Favoured Nation duty rate treatement, 6%).