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2022
Exports $10MWorld Rnk 64 / 216
Flag Rnk 240 / 1142
2022
Destination $2.44M United States
2021 - 2022
FASTEST GROWING MARKET $2.44MUnited States
2022
PRODUCT COMPLEXITY IN Electric Motors0.76Rnk 259 / 1025
2022
Imports $614MWorld Rnk 32 / 226
Flag Rnk 20 / 1203
2022
Origin $306M China
2021 - 2022
FASTEST GROWING ORIGIN $306MChina
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $10M in Electric Motors, making it the 64th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 240th most exported product in Chile. The main destination of Electric Motors exports from Chile are: United States ($4.61M), Mexico ($1.6M), Bolivia ($902k), Peru ($865k), and Panama ($331k).

The fastest growing export markets for Electric Motors of Chile between 2021 and 2022 were United States ($2.44M), Mexico ($1.07M), and Panama ($328k).

Imports In 2022, Chile imported $614M in Electric Motors, becoming the 32nd largest importer of Electric Motors in the world. At the same year, Electric Motors was the 20th most imported product in Chile. Chile imports Electric Motors primarily from: China ($386M), Vietnam ($58.3M), Brazil ($39.6M), United States ($37.1M), and Spain ($28.3M).

The fastest growing import markets in Electric Motors for Chile between 2021 and 2022 were China ($306M), Vietnam ($46.5M), and Brazil ($12.3M).

Latest Trends

June 2024

About

Overview In June 2024 Chile's Electric Motors exports accounted up to $3.61M and imports accounted up to $28.2M, resulting in a negative trade balance of $24.6M. Between June 2023 and June 2024 the exports of Chile's   Electric Motors have increased by $3.5M (3.24k%) from $108k to $3.61M, while imports increased by $5.64M (25%) from $22.6M to $28.2M.

Destinations In June 2024, Electric Motors were exported mostly to Australia ($3.16M), Argentina ($89.5k), Japan ($79.5k), India ($78.8k), and Bolivia ($68.6k), and were imported mostly from Czechia ($6.99M), China ($6.98M), Germany ($4.37M), United States ($4.07M), and Switzerland ($2.37M).

Growth In June 2024, the increase in Electric Motors's year-by-year exports was explained primarily by an increase in exports to Peru ($301k or 441%) and Ecuador ($2.09k or 121%). In June 2024, the increase in Electric Motors's year-by-year imports was explained primarily by an increase in imports from Czechia ($8.12M or 1.86k%), United States ($1.73M or 68.5%), and Chile ($846k or 62.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$3.5M(3.24k%)
IMPORT GROWTH (June 2023 - June 2024)$5.64M(25%)
MAIN EXPORTER (June 2024)Quilicura$3.16M
MAIN DESTINATION (June 2024)Australia$3.16M

This section shows Electric Motors'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 Electric Motors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10M
IMPORTS (2022)$614M
NET TRADE (2022)-$604M

In 2022, Chile exported $10M in Electric Motors. The main destinations of Chile exports on Electric Motors were United States ($4.61M), Mexico ($1.6M), Bolivia ($902k), Peru ($865k), and Panama ($331k).

In 2022, Chile imported $614M in Electric Motors, mainly from China ($386M), Vietnam ($58.3M), Brazil ($39.6M), United States ($37.1M), and Spain ($28.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Chile WERE (2021 - 2022):
United States$2.44M (113%)
Mexico$1.07M (201%)
Panama$328k (9.99k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Chile WERE (2021 - 2022):
South Africa-$506k (-99.5%)
Japan-$224k (-47.6%)
Germany-$139k (-47.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Chile's main importing competitors in Electric Motors were:
United States $12.1B
Germany $7.08B
China $4.2B

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.99M
TOP IMPORT POTENTIALChina+ $25.7M

Electric Motors’s highest export potential is United States. With an export gap of $3.99M.   Electric Motors’s highest import potential is China with an import gap of $25.7M.

See methodology.

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