Nitrites and Nitrates in Chile 2020 Exports | Imports : $312M | $4.07M, World Rnk 1 / 93 Rnk 33 / 1118 | World Rnk 50 / 181 Rnk 685 / 1205
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $63M | $353k, United Arab Emirates | China
2020 ECONOMIC COMPLEXITY of Chile: -0.2, Rnk 70 / 127
2020 PRODUCT COMPLEXITY IN Nitrites and Nitrates: -0.44, Rnk 681 / 1029
Exports In 2020, Chile exported $312M in Nitrites and Nitrates, making it the 1st largest exporter of Nitrites and Nitrates in the world. At the same year, Nitrites and Nitrates was the 33rd most exported product in Chile. The main destination of Nitrites and Nitrates exports from Chile are: Netherlands ($66M), United Arab Emirates ($63.1M), United States ($43.9M), Spain ($43.6M), and Peru ($25M).
The fastest growing export markets for Nitrites and Nitrates of Chile between 2019 and 2020 were United Arab Emirates ($63M), Peru ($10.7M), and Ecuador ($2.18M).
Imports In 2020, Chile imported $4.07M in Nitrites and Nitrates, becoming the 50th largest importer of Nitrites and Nitrates in the world. At the same year, Nitrites and Nitrates was the 685th most imported product in Chile. Chile imports Nitrites and Nitrates primarily from: China ($3.54M), Russia ($363k), Germany ($91.5k), Australia ($27.8k), and Spain ($25.8k).
The fastest growing import markets in Nitrites and Nitrates for Chile between 2019 and 2020 were China ($353k), Australia ($27.8k), and Colombia ($4.8k).
Tariffs In 2018, the average tariff for Chile in Nitrites and Nitrates was 3.54%. The countries with the highest import tariffs for Nitrites and Nitrates were Botswana (Most Favoured Nation duty rate treatement, 6%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 6%), Cameroon (Most Favoured Nation duty rate treatement, 6%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 6%), and Cape Verde (Most Favoured Nation duty rate treatement, 6%).
Overview In December 2022 Chile's Nitrites and Nitrates exports accounted up to $54.9M and imports accounted up to $195k, resulting in a positive trade balance of $54.7M. Between December 2021 and December 2022 the exports of Chile's Nitrites and Nitrates have increased by $3.27M (6.33%) from $51.6M to $54.9M, while imports increased by $93.9k (92.6%) from $101k to $195k.
Destinations In December 2022, Nitrites and Nitrates were exported mostly to Heard Island and McDonald Islands ($25.8M), Peru ($13M), United States ($6.23M), Ecuador ($5.27M), and South Africa ($1.46M), and were imported mostly from Switzerland ($180k), United States ($9.55k), Heard Island and McDonald Islands ($4.21k), Germany ($1.89k), and Belize ($61.2).
Growth In December 2022, the increase in Nitrites and Nitrates's year-by-year exports was explained primarily by an increase in exports to Spain ($21.4M or 4.28k%), Peru ($7.35M or 4.03k%), and Heard Island and McDonald Islands ($5.11M or 41.5%). In December 2022, the increase in Nitrites and Nitrates's year-by-year imports was explained primarily by an increase in imports from Switzerland ($1.97M or 994%).
EXPORT GROWTH (December 2021 - December 2022): $3.27M, (6.33%)
IMPORT GROWTH (December 2021 - December 2022): $93.9k, (92.6%)
MAIN EXPORTER (December 2022): Las Condes, $54.2M
MAIN DESTINATION (December 2022): Heard Island and McDonald Islands, $25.8M
This section shows Nitrites and Nitrates'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 Nitrites and Nitrates over time.
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EXPORTS (2020): $312M
IMPORTS (2020): $4.07M
NET TRADE (2020): $308M
In 2020, Chile exported $312M in Nitrites and Nitrates. The main destinations of Chile exports on Nitrites and Nitrates were Netherlands ($66M), United Arab Emirates ($63.1M), United States ($43.9M), Spain ($43.6M), and Peru ($25M).
In 2020, Chile imported $4.07M in Nitrites and Nitrates, mainly from China ($3.54M), Russia ($363k), Germany ($91.5k), Australia ($27.8k), and Spain ($25.8k).
THE FASTEST GROWING Nitrites and Nitrates EXPORT MARKETS FOR Chile WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrites and Nitrates BY Chile WERE (2019 - 2020):
In 2020, Chile's main exporting competitors in Nitrites and Nitrates were:
In 2020, Chile's main importing competitors in Nitrites and Nitrates were:
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