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2022
Exports $56.3MWorld Rnk 17 / 153
Flag Rnk 93 / 1142
2022
Destination $2.11M United States
2021 - 2022
FASTEST GROWING MARKET $2.11MNetherlands
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.26Rnk 899 / 1025
2022
Imports $48.4MWorld Rnk 33 / 214
Flag Rnk 303 / 1203
2022
Origin $7.32M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $7.32MMalaysia
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $56.3M in Other Vegetable Oils, making it the 17th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 93rd most exported product in Chile. The main destination of Other Vegetable Oils exports from Chile are: United States ($18.6M), Netherlands ($12.5M), South Korea ($5.8M), Peru ($3.32M), and Japan ($2.62M).

The fastest growing export markets for Other Vegetable Oils of Chile between 2021 and 2022 were Netherlands ($2.11M), South Korea ($1.8M), and China ($1.74M).

Imports In 2022, Chile imported $48.4M in Other Vegetable Oils, becoming the 33rd largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 303rd most imported product in Chile. Chile imports Other Vegetable Oils primarily from: Malaysia ($15.3M), Peru ($11.6M), Ecuador ($7.93M), Argentina ($6.91M), and Indonesia ($2.5M).

The fastest growing import markets in Other Vegetable Oils for Chile between 2021 and 2022 were Malaysia ($7.32M), Peru ($5.04M), and Argentina ($4.13M).

Latest Trends

August 2024

About

Overview In August 2024 Chile's Other Vegetable Oils exports accounted up to $4.16M and imports accounted up to $655k, resulting in a positive trade balance of $3.5M. Between August 2023 and August 2024 the exports of Chile's   Other Vegetable Oils have decreased by $-3.56M (-46.2%) from $7.72M to $4.16M, while imports decreased by $-52.9k (-7.47%) from $708k to $655k.

Destinations In August 2024, Other Vegetable Oils were exported mostly to United States ($1.95M), Colombia ($825k), Brazil ($339k), Heard Island and McDonald Islands ($321k), and China ($292k), and were imported mostly from Malaysia ($495k), Peru ($93.4k), United States ($36.1k), and Argentina ($31.3k).

Growth In August 2024, the decrease in Other Vegetable Oils's year-by-year exports was explained primarily by a decrease in exports to Heard Island and McDonald Islands ($-493k or -60.3%) and South Korea ($-357k or -46.8%). In August 2024, the decrease in Other Vegetable Oils's year-by-year imports was explained primarily by a decrease in imports from Argentina ($-160k or -66.4%), United States ($-133k or -100%), and Uruguay ($-76.7k or -5.61%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-3.56M(-46.2%)
IMPORT GROWTH (August 2023 - August 2024)$-52.9k(-7.47%)
MAIN EXPORTER (August 2024)Arica$7.49M
MAIN DESTINATION (August 2024)United States$1.95M

This section shows Other Vegetable 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 Other Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$56.3M
IMPORTS (2022)$48.4M
NET TRADE (2022)$7.9M

In 2022, Chile exported $56.3M in Other Vegetable Oils. The main destinations of Chile exports on Other Vegetable Oils were United States ($18.6M), Netherlands ($12.5M), South Korea ($5.8M), Peru ($3.32M), and Japan ($2.62M).

In 2022, Chile imported $48.4M in Other Vegetable Oils, mainly from Malaysia ($15.3M), Peru ($11.6M), Ecuador ($7.93M), Argentina ($6.91M), and Indonesia ($2.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Netherlands$2.11M (20.3%)
South Korea$1.8M (45.1%)
China$1.74M (761%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Chile WERE (2021 - 2022):
Norway-$122k (-6.06%)
Indonesia-$106k (-100%)
United Kingdom-$102k (-6.69%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Other Vegetable Oils were:
Malaysia $1.66B
Indonesia $1.52B
Netherlands $424M
In 2022, Chile's main importing competitors in Other Vegetable Oils were:
China $786M
Netherlands $515M
United States $325M

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.33M
TOP IMPORT POTENTIALIndonesia+ $1.66M

Other Vegetable Oils’s highest export potential is China. With an export gap of $2.33M.   Other Vegetable Oils’s highest import potential is Indonesia with an import gap of $1.66M.

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