Fish oil in Chile | The Observatory of Economic Complexity

About

Exports In 2022, Chile exported $249M in Fish oil, making it the 3rd largest exporter of Fish oil in the world. At the same year, Fish oil was the 48th most exported product in Chile. The main destination of Fish oil exports from Chile are: Norway ($36.8M), Turkey ($25.6M), Denmark ($24.7M), Belgium ($17.2M), and China ($16.6M).

The fastest growing export markets for Fish oil of Chile between 2021 and 2022 were Denmark ($11.5M), United Kingdom ($11.4M), and Turkey ($11.2M).

Imports In 2022, Chile imported $186M in Fish oil, becoming the 5th largest importer of Fish oil in the world. At the same year, Fish oil was the 99th most imported product in Chile. Chile imports Fish oil primarily from: Peru ($56M), Japan ($31.9M), China ($29.1M), United States ($11.3M), and Gambia ($11.1M).

The fastest growing import markets in Fish oil for Chile between 2021 and 2022 were Peru ($24.7M), Japan ($24.4M), and China ($22.4M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Fish oil from Chile to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Chile's Fish oil exports accounted up to $14.6M and imports accounted up to $11.4M, resulting in a positive trade balance of $3.22M. Between January 2023 and January 2024 the exports of Chile's Fish oil have decreased by $-2.67M (-15.5%) from $17.3M to $14.6M, while imports decreased by $-3.85M (-25.3%) from $15.2M to $11.4M.

Destinations In January 2024, Fish oil were exported mostly to China ($1.99M), Brazil ($1.82M), Japan ($1.39M), United States ($1.35M), and Vietnam ($1.25M), and were imported mostly from China ($3.17M), Japan ($2.38M), Hong Kong ($2.04M), France ($1.91M), and Ecuador ($949k).

Growth In January 2024, the decrease in Fish oil's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-1.22M or -52.9%), United States ($-628k or -63.7%), and Turkey ($-570k or -16.4%). In January 2024, the decrease in Fish oil's year-by-year imports was explained primarily by a decrease in imports from Japan ($-760k or -99.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-2.67M(-15.5%)

IMPORT GROWTH (January 2023 - January 2024)$-3.85M(-25.3%)

MAIN EXPORTER (January 2024)Calbuco$8.65M

MAIN DESTINATION (January 2024)China$1.99M

This section shows Fish oil'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 Fish oil over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$249M

IMPORTS (2022)$186M

NET TRADE (2022)$62.8M

In 2022, Chile exported $249M in Fish oil. The main destinations of Chile exports on Fish oil were Norway ($36.8M), Turkey ($25.6M), Denmark ($24.7M), Belgium ($17.2M), and China ($16.6M).

In 2022, Chile imported $186M in Fish oil, mainly from Peru ($56M), Japan ($31.9M), China ($29.1M), United States ($11.3M), and Gambia ($11.1M).

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