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2023
Exports $122MWorld Rnk 16 / 150
Flag Rnk 66 / 1133
2023
Destination $98.7M United States
2022 - 2023
FASTEST GROWING MARKET $98.7MUnited States
2023
PRODUCT COMPLEXITY IN Inedible Fats and Oils-0.38Rnk 663 / 1025
2023
Imports $28.3MWorld Rnk 24 / 183
Flag Rnk 365 / 1199
2023
Origin $827k Argentina
2022 - 2023
FASTEST GROWING ORIGIN $827kBrazil
2023
ECONOMIC COMPLEXITY of Chile-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $122M in Inedible Fats and Oils, making it the 16th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 66th most exported product in Chile. The main destination of Inedible Fats and Oils exports from Chile are: United States ($103M), Netherlands ($8.87M), United Kingdom ($5.3M), Finland ($1.16M), and Austria ($865k).

The fastest growing export markets for Inedible Fats and Oils of Chile between 2022 and 2023 were United States ($98.7M), United Kingdom ($3.51M), and Portugal ($233k).

Imports In 2023, Chile imported $28.3M in Inedible Fats and Oils, becoming the 24th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 365th most imported product in Chile. Chile imports Inedible Fats and Oils primarily from: Argentina ($22.9M), Brazil ($2.02M), United States ($1.64M), Bolivia ($1.28M), and France ($161k).

The fastest growing import markets in Inedible Fats and Oils for Chile between 2022 and 2023 were Brazil ($827k), United States ($525k), and France ($156k).

Latest Trends

November 2024

About

Overview In November 2024 Chile's Inedible Fats and Oils exports accounted up to $3.9M and imports accounted up to $461k, resulting in a positive trade balance of $3.44M. Between November 2023 and November 2024 the exports of Chile's   Inedible Fats and Oils have decreased by $-14.7M (-79%) from $18.6M to $3.9M, while imports decreased by $-367k (-44.3%) from $828k to $461k.

Destinations In November 2024, Inedible Fats and Oils were exported mostly to Heard Island and McDonald Islands ($3.28M), Portugal ($228k), Finland ($192k), United Kingdom ($188k), and Ecuador ($10.6k), and were imported mostly from Argentina ($281k), Brazil ($123k), and Paraguay ($57.1k).

Growth In November 2024, the decrease in Inedible Fats and Oils's year-by-year exports was explained primarily by a decrease in exports to Heard Island and McDonald Islands ($-2.57M or -72.5%), France ($-412k or -71.6%), and Spain ($-92.2k or -68.8%). In November 2024, the decrease in Inedible Fats and Oils's year-by-year imports was explained primarily by a decrease in imports from Germany ($-1.12k or -32.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-14.7M(-79%)
IMPORT GROWTH (November 2023 - November 2024)$-367k(-44.3%)
MAIN EXPORTER (November 2024)Huechuraba$9.65M
MAIN DESTINATION (November 2024)Heard Island and McDonald Islands$3.28M

This section shows Inedible Fats and 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 Inedible Fats and Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$122M
IMPORTS (2023)$28.3M
NET TRADE (2023)$93.4M

In 2023, Chile exported $122M in Inedible Fats and Oils. The main destinations of Chile exports on Inedible Fats and Oils were United States ($103M), Netherlands ($8.87M), United Kingdom ($5.3M), Finland ($1.16M), and Austria ($865k).

In 2023, Chile imported $28.3M in Inedible Fats and Oils, mainly from Argentina ($22.9M), Brazil ($2.02M), United States ($1.64M), Bolivia ($1.28M), and France ($161k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Chile WERE (2022 - 2023):
United States$98.7M (2.15k%)
United Kingdom$3.51M (195%)
Portugal$233k (48%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Chile WERE (2022 - 2023):
Netherlands-$55.2M (-86.2%)
Finland-$23.4M (-95.3%)
Germany-$5.52M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Chile's main exporting competitors in Inedible Fats and Oils were:
China $2B
Netherlands $1.27B
Malaysia $1.26B
In 2023, Chile's main importing competitors in Inedible Fats and Oils were:
Netherlands $2.21B
United States $1.68B
Singapore $1.42B

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.65M
TOP IMPORT POTENTIALUnited States+ $851k

Inedible Fats and Oils’s highest export potential is United States. With an export gap of $3.65M.   Inedible Fats and Oils’s highest import potential is United States with an import gap of $851k.

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