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2023
Exports $18.4MWorld Rnk 70 / 201
Flag Rnk 174 / 1133
2023
Destination $2.53M Peru
2022 - 2023
FASTEST GROWING MARKET $2.53MAustralia
2023
PRODUCT COMPLEXITY IN Sauces and Seasonings-0.56Rnk 724 / 1025
2023
Imports $111MWorld Rnk 39 / 226
Flag Rnk 145 / 1199
2023
Origin $3.1M United States
2022 - 2023
FASTEST GROWING ORIGIN $3.1MUruguay
2023
ECONOMIC COMPLEXITY of Chile-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $18.4M in Sauces and Seasonings, making it the 70th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 174th most exported product in Chile. The main destination of Sauces and Seasonings exports from Chile are: Peru ($5.46M), Colombia ($2.91M), Australia ($2.76M), Brazil ($1.46M), and Bolivia ($819k).

The fastest growing export markets for Sauces and Seasonings of Chile between 2022 and 2023 were Australia ($2.53M), Colombia ($1.06M), and Peru ($702k).

Imports In 2023, Chile imported $111M in Sauces and Seasonings, becoming the 39th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 145th most imported product in Chile. Chile imports Sauces and Seasonings primarily from: United States ($65.6M), China ($9.9M), Peru ($8.07M), Uruguay ($6.06M), and Mexico ($5.89M).

The fastest growing import markets in Sauces and Seasonings for Chile between 2022 and 2023 were Uruguay ($3.1M), China ($2.12M), and Ecuador ($832k).

Latest Trends

November 2024

About

Overview In November 2024 Chile's Sauces and Seasonings exports accounted up to $1.47M and imports accounted up to $4.5M, resulting in a negative trade balance of $3.03M. Between November 2023 and November 2024 the exports of Chile's   Sauces and Seasonings have decreased by $-61.5k (-4.02%) from $1.53M to $1.47M, while imports decreased by $-1.33M (-22.8%) from $5.83M to $4.5M.

Destinations In November 2024, Sauces and Seasonings were exported mostly to Peru ($699k), Colombia ($174k), Brazil ($138k), Ecuador ($103k), and Uruguay ($84.5k), and were imported mostly from United States ($831k), Peru ($775k), China ($765k), Spain ($759k), and Venezuela ($738k).

Growth In November 2024, the decrease in Sauces and Seasonings's year-by-year exports was explained primarily by a decrease in exports to Ecuador ($-19k or -26.2%) and Paraguay ($-10.1k or -18.9%). In November 2024, the decrease in Sauces and Seasonings's year-by-year imports was explained primarily by a decrease in imports from United States ($-967k or -32.7%), China ($-498k or -44.4%), and Peru ($-332k or -78.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-61.5k(-4.02%)
IMPORT GROWTH (November 2023 - November 2024)$-1.33M(-22.8%)
MAIN EXPORTER (November 2024)San Bernardo$1.29M
MAIN DESTINATION (November 2024)Peru$699k

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$18.4M
IMPORTS (2023)$111M
NET TRADE (2023)-$92.2M

In 2023, Chile exported $18.4M in Sauces and Seasonings. The main destinations of Chile exports on Sauces and Seasonings were Peru ($5.46M), Colombia ($2.91M), Australia ($2.76M), Brazil ($1.46M), and Bolivia ($819k).

In 2023, Chile imported $111M in Sauces and Seasonings, mainly from United States ($65.6M), China ($9.9M), Peru ($8.07M), Uruguay ($6.06M), and Mexico ($5.89M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Chile WERE (2022 - 2023):
Australia$2.53M (1.11k%)
Colombia$1.06M (57%)
Peru$702k (14.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Chile WERE (2022 - 2023):
Argentina-$2.34M (-82.8%)
Austria-$1.98M (-99.6%)
Honduras-$490k (-98%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Chile's main exporting competitors in Sauces and Seasonings were:
United States $2.3B
Italy $1.8B
China $1.6B
In 2023, Chile's main importing competitors in Sauces and Seasonings were:
United States $2.2B
United Kingdom $1.28B
France $1.1B

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.2M
TOP IMPORT POTENTIALChina+ $3.59M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $1.2M.   Sauces and Seasonings’s highest import potential is China with an import gap of $3.59M.

See methodology.

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