Crude Petroleum in Chile | The Observatory of Economic Complexity

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Exports In 2023, Chile exported $21.8M in Crude Petroleum, making it the 84th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 155th most exported product in Chile. The main destination of Crude Petroleum exports from Chile are: Netherlands ($14.3M), Panama ($3.78M), United States ($3.76M), and Argentina ($94).

The fastest growing export markets for Crude Petroleum of Chile between 2022 and 2023 were Argentina ($94).

Imports In 2023, Chile imported $5.11B in Crude Petroleum, becoming the 28th 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 ($3.61B), Ecuador ($754M), Argentina ($751M), United States ($1.37M), and United Kingdom ($6k).

The fastest growing import markets in Crude Petroleum for Chile between 2022 and 2023 were Argentina ($644M), United Kingdom ($6k), and Thailand ($1).

Latest Trends

Dec 2024

Subnational Monthly Trade

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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

Trade Balance

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Trade Value

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Growth (%)

Year

EXPORTS (2023)$21.8M

IMPORTS (2023)$5.11B

NET TRADE (2023)-$5.09B

In 2023, Chile exported $21.8M in Crude Petroleum. The main destinations of Chile exports on Crude Petroleum were Netherlands ($14.3M), Panama ($3.78M), United States ($3.76M), and Argentina ($94).

In 2023, Chile imported $5.11B in Crude Petroleum, mainly from Brazil ($3.61B), Ecuador ($754M), Argentina ($751M), United States ($1.37M), and United Kingdom ($6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Chile WERE (2022 - 2023):Argentina$94 (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Chile WERE (2022 - 2023):

United States-$14.7M (-79.6%)

Netherlands-$2.87M (-16.7%)

Panama-$1.42M (-27.4%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Chile's main exporting competitors in Crude Petroleum were:

Saudi Arabia $181B

United States $125B

Russia $122B

In 2023, Chile's main importing competitors in Crude Petroleum were:

China $319B

United States $170B

India $140B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $17.5M

TOP IMPORT POTENTIALUnited States+ $121M

Crude Petroleum’s highest export potential is United States. With an export gap of $17.5M. Crude Petroleum’s highest import potential is United States with an import gap of $121M.

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Latest Trends

Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

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