HS Icon Crude Petroleum in  Flag Chile

2020
Exports | Imports
: $11.9M | $1.9B, World Rnk 93 / 132
Flag Rnk 203 / 1118 | World Rnk 36 / 145
Flag Rnk 3 / 1205

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $11.9M | $105M, Bahamas |  Colombia

2020
ECONOMIC COMPLEXITY of Chile
: -0.2, Rnk 70 / 127

2020
PRODUCT COMPLEXITY  IN Crude Petroleum
: -2.2, Rnk 1018 / 1029

Exports In 2020, Chile exported $11.9M in Crude Petroleum, making it the 93rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 203rd most exported product in Chile. The main destination of Crude Petroleum exports from Chile are: Bahamas ($11.9M).

The fastest growing export markets for Crude Petroleum of Chile between 2019 and 2020 were Bahamas ($11.9M).

Imports In 2020, Chile imported $1.9B in Crude Petroleum, becoming the 36th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in Chile. Chile imports Crude Petroleum primarily from: Brazil ($666M), Ecuador ($544M), United States ($341M), Colombia ($109M), and Argentina ($85.7M).

The fastest growing import markets in Crude Petroleum for Chile between 2019 and 2020 were Colombia ($105M) and Canada ($32M).

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%).

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $11.9M

IMPORTS (2020): $1.9B

NET TRADE (2020): -$1.89B

In 2020, Chile exported $11.9M in Crude Petroleum. The main destinations of Chile exports on Crude Petroleum were Bahamas ($11.9M).

In 2020, Chile imported $1.9B in Crude Petroleum, mainly from Brazil ($666M), Ecuador ($544M), United States ($341M), Colombia ($109M), and Argentina ($85.7M).

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Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Chile WERE (2019 - 2020):: Bahamas, $11.9M (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Chile WERE (2019 - 2020):: Spain, -$383 (-100%)

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Market Concentration

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In 2020, Chile's main exporting competitors in Crude Petroleum were:

In 2020, Chile's main importing competitors in Crude Petroleum were:

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