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2022
Exports $2.42MWorld Rnk 71 / 196
Flag Rnk 442 / 1142
2022
Destination $816k Iceland
2021 - 2022
FASTEST GROWING MARKET $816kIceland
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $8.46MWorld Rnk 52 / 214
Flag Rnk 625 / 1203
2022
Origin $967k United States
2021 - 2022
FASTEST GROWING ORIGIN $967kUnited States
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $2.42M in Essential Oils, making it the 71st largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 442nd most exported product in Chile. The main destination of Essential Oils exports from Chile are: Iceland ($816k), United States ($509k), Australia ($213k), Canada ($192k), and South Korea ($129k).

The fastest growing export markets for Essential Oils of Chile between 2021 and 2022 were Iceland ($816k), Canada ($181k), and South Korea ($93.3k).

Imports In 2022, Chile imported $8.46M in Essential Oils, becoming the 52nd largest importer of Essential Oils in the world. At the same year, Essential Oils was the 625th most imported product in Chile. Chile imports Essential Oils primarily from: United States ($3.03M), India ($1.08M), Brazil ($1.05M), Spain ($978k), and China ($333k).

The fastest growing import markets in Essential Oils for Chile between 2021 and 2022 were United States ($967k), Brazil ($442k), and India ($231k).

Latest Trends

June 2024

About

Overview In June 2024 Chile's Essential Oils exports accounted up to $5.41k and imports accounted up to $1.01M, resulting in a negative trade balance of $1M. Between June 2023 and June 2024 the exports of Chile's   Essential Oils have decreased by $-77k (-93.4%) from $82.5k to $5.41k, while imports increased by $260k (34.8%) from $747k to $1.01M.

Destinations In June 2024, Essential Oils were exported mostly to Heard Island and McDonald Islands ($4.34k) and Bolivia ($1.07k), and were imported mostly from United States ($917k), United Kingdom ($25.9k), Germany ($21.1k), Switzerland ($14k), and Brazil ($9.37k).

Growth In June 2024, the decrease in Essential Oils's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Essential Oils's year-by-year imports was explained primarily by an increase in imports from United States ($1.4M or 4.36k%), Brazil ($41.8k or 4.16k%), and India ($27.4k or 5.11k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-77k(-93.4%)
IMPORT GROWTH (June 2023 - June 2024)$260k(34.8%)
MAIN EXPORTER (June 2024)Pozo Almonte$230k
MAIN DESTINATION (June 2024)Heard Island and McDonald Islands$4.34k

This section shows Essential Oils'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 Essential Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.42M
IMPORTS (2022)$8.46M
NET TRADE (2022)-$6.04M

In 2022, Chile exported $2.42M in Essential Oils. The main destinations of Chile exports on Essential Oils were Iceland ($816k), United States ($509k), Australia ($213k), Canada ($192k), and South Korea ($129k).

In 2022, Chile imported $8.46M in Essential Oils, mainly from United States ($3.03M), India ($1.08M), Brazil ($1.05M), Spain ($978k), and China ($333k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Iceland$816k (1%)
Canada$181k (1.57k%)
South Korea$93.3k (263%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Chile WERE (2021 - 2022):
United States-$495k (-49.3%)
New Zealand-$162k (-91.8%)
Brazil-$100k (-60.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Chile's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $473k
TOP IMPORT POTENTIALIndia+ $753k

Essential Oils’s highest export potential is United States. With an export gap of $473k.   Essential Oils’s highest import potential is India with an import gap of $753k.

See methodology.

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