2022
Exports
$99.6MWorld Rnk 47 / 221
Flag Rnk 75 / 1142
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$673MWorld Rnk 27 / 224
Flag Rnk 17 / 1203
2022
ECONOMIC COMPLEXITY of Chile
-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $99.6M in Excavation Machinery, making it the 47th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 75th most exported product in Chile. The main destination of Excavation Machinery exports from Chile are: Peru ($25.2M), United States ($22.3M), Brazil ($10.1M), Australia ($8.37M), and Argentina ($7.07M).

The fastest growing export markets for Excavation Machinery of Chile between 2021 and 2022 were United States ($9.49M), South Africa ($3.11M), and Peru ($3.01M).

Imports In 2022, Chile imported $673M in Excavation Machinery, becoming the 27th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 17th most imported product in Chile. Chile imports Excavation Machinery primarily from: United States ($331M), China ($84.6M), Sweden ($39M), Germany ($36.8M), and Canada ($21.5M).

The fastest growing import markets in Excavation Machinery for Chile between 2021 and 2022 were United States ($147M), China ($22.2M), and South Korea ($5.57M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.43M(-19.5%)
IMPORT GROWTH (June 2023 - June 2024)$-39.5M(-26.9%)
MAIN EXPORTER (June 2024)Quilicura$4.21M
MAIN DESTINATION (June 2024)Peru$3.01M

This section shows Excavation Machinery'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 Excavation Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$99.6M
IMPORTS (2022)$673M
NET TRADE (2022)-$573M

In 2022, Chile exported $99.6M in Excavation Machinery. The main destinations of Chile exports on Excavation Machinery were Peru ($25.2M), United States ($22.3M), Brazil ($10.1M), Australia ($8.37M), and Argentina ($7.07M).

In 2022, Chile imported $673M in Excavation Machinery, mainly from United States ($331M), China ($84.6M), Sweden ($39M), Germany ($36.8M), and Canada ($21.5M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Chile WERE (2021 - 2022):
United States$9.49M (74.3%)
South Africa$3.11M (80.3%)
Peru$3.01M (13.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Chile WERE (2021 - 2022):
Spain-$1.72M (-72.7%)
Canada-$830k (-23.3%)
Italy-$711k (-72.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Excavation Machinery were:
In 2022, Chile's main importing competitors in Excavation Machinery were:

Explore Visualizations

Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.5M
TOP IMPORT POTENTIALChina+ $32M

Excavation Machinery’s highest export potential is United States. With an export gap of $16.5M.   Excavation Machinery’s highest import potential is China with an import gap of $32M.

See methodology.

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