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2022
Exports $886MWorld Rnk 67 / 214
Flag Rnk 16 / 1142
2022
Destination $264M Bolivia
2021 - 2022
FASTEST GROWING MARKET $264MBolivia
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $11.5BWorld Rnk 26 / 225
Flag Rnk 1 / 1203
2022
Origin $6.01B United States
2021 - 2022
FASTEST GROWING ORIGIN $6.01BUnited States
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $886M in Refined Petroleum, making it the 67th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 16th most exported product in Chile. The main destination of Refined Petroleum exports from Chile are: Bolivia ($416M), United States ($168M), Panama ($168M), Singapore ($111M), and Malaysia ($8.54M).

The fastest growing export markets for Refined Petroleum of Chile between 2021 and 2022 were Bolivia ($264M), United States ($149M), and Singapore ($94.7M).

Imports In 2022, Chile imported $11.5B in Refined Petroleum, becoming the 26th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Chile. Chile imports Refined Petroleum primarily from: United States ($10.2B), Japan ($773M), Peru ($148M), South Korea ($107M), and Brazil ($72.9M).

The fastest growing import markets in Refined Petroleum for Chile between 2021 and 2022 were United States ($6.01B), Japan ($465M), and Peru ($95.7M).

COMPANIES In 2023, leading companies such as Fetzer Vineyards (1) were at the forefront of shipping Refined Petroleum from Chile to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Chile's Refined Petroleum exports accounted up to $9.97M and imports accounted up to $13.6M, resulting in a negative trade balance of $3.67M. Between August 2023 and August 2024 the exports of Chile's   Refined Petroleum have decreased by $-35.1M (-77.9%) from $45M to $9.97M, while imports increased by $4.65M (51.8%) from $8.99M to $13.6M.

Destinations In August 2024, Refined Petroleum were exported mostly to Bolivia ($9.17M), Peru ($269k), Paraguay ($231k), Colombia ($151k), and Argentina ($70.5k), and were imported mostly from United States ($6.61M), Chile ($3.87M), Ireland ($590k), Denmark ($528k), and Argentina ($487k).

Growth In August 2024, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Argentina ($-132k or -71%), Peru ($-85.5k or -22.6%), and Paraguay ($-51.3k or -28%). In August 2024, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from Argentina ($287k or 54.2%), Spain ($223k or 1.02k%), and Sweden ($168k or 692%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-35.1M(-77.9%)
IMPORT GROWTH (August 2023 - August 2024)$4.65M(51.8%)
MAIN EXPORTER (August 2024)Las Condes$62.4M
MAIN DESTINATION (August 2024)Bolivia$9.17M

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$886M
IMPORTS (2022)$11.5B
NET TRADE (2022)-$10.6B

In 2022, Chile exported $886M in Refined Petroleum. The main destinations of Chile exports on Refined Petroleum were Bolivia ($416M), United States ($168M), Panama ($168M), Singapore ($111M), and Malaysia ($8.54M).

In 2022, Chile imported $11.5B in Refined Petroleum, mainly from United States ($10.2B), Japan ($773M), Peru ($148M), South Korea ($107M), and Brazil ($72.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Bolivia$264M (174%)
United States$149M (791%)
Singapore$94.7M (571%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Chile WERE (2021 - 2022):
Netherlands-$24.8M (-100%)
Bahamas-$14.1M (-100%)
Guatemala-$2.8M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Chile's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $128M
TOP IMPORT POTENTIALBrazil+ $107M

Refined Petroleum’s highest export potential is United States. With an export gap of $128M.   Refined Petroleum’s highest import potential is Brazil with an import gap of $107M.

See methodology.

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