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2023
Exports $2.93MWorld Rnk 65 / 121
Flag Rnk 398 / 1133
2023
Destination $1.75M Colombia
2022 - 2023
FASTEST GROWING MARKET $1.75MColombia
2023
PRODUCT COMPLEXITY IN Soybean Meal-1.09Rnk 852 / 1025
2023
Imports $517MWorld Rnk 24 / 175
Flag Rnk 25 / 1199
2023
Origin $94.6M Argentina
2022 - 2023
FASTEST GROWING ORIGIN $94.6MParaguay
2023
ECONOMIC COMPLEXITY of Chile-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $2.93M in Soybean Meal, making it the 65th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 398th most exported product in Chile. The main destination of Soybean Meal exports from Chile are: Colombia ($1.75M), Peru ($1.17M), Slovenia ($9.01k), and United States ($84).

The fastest growing export markets for Soybean Meal of Chile between 2022 and 2023 were Colombia ($1.75M), Peru ($1.17M), and Slovenia ($9.01k).

Imports In 2023, Chile imported $517M in Soybean Meal, becoming the 24th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 25th most imported product in Chile. Chile imports Soybean Meal primarily from: Argentina ($192M), Paraguay ($149M), Bolivia ($76.5M), United States ($61.9M), and Brazil ($37M).

The fastest growing import markets in Soybean Meal for Chile between 2022 and 2023 were Paraguay ($94.6M), United States ($32.4M), and Brazil ($8.74M).

Latest Trends

October 2024

About

Overview In October 2024 Chile's Soybean Meal exports accounted up to $110 and imports accounted up to $639k, resulting in a negative trade balance of $639k. Between January 2023 and October 2024 the exports of Chile's   Soybean Meal have decreased by $-197k (-99.9%) from $197k to $110, while imports decreased by $-1.12M (-63.6%) from $1.76M to $639k.

Destinations In October 2024, Soybean Meal were exported mostly to , and were imported mostly from Uruguay ($280k), Argentina ($149k), Bolivia ($115k), and United States ($93.7k).

Growth In October 2024, the decrease in Soybean Meal's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the decrease in Soybean Meal's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - October 2024)$-197k(-99.9%)
IMPORT GROWTH (November 2023 - November 2024)$-1.12M(-63.6%)
MAIN EXPORTER (October 2024)Quillota$64.7k
MAIN DESTINATION (October 2024)

This section shows Soybean Meal'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 Soybean Meal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.93M
IMPORTS (2023)$517M
NET TRADE (2023)-$514M

In 2023, Chile exported $2.93M in Soybean Meal. The main destinations of Chile exports on Soybean Meal were Colombia ($1.75M), Peru ($1.17M), Slovenia ($9.01k), and United States ($84).

In 2023, Chile imported $517M in Soybean Meal, mainly from Argentina ($192M), Paraguay ($149M), Bolivia ($76.5M), United States ($61.9M), and Brazil ($37M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Chile WERE (2022 - 2023):
Colombia$1.75M (1%)
Peru$1.17M (1%)
Slovenia$9.01k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Chile WERE (2022 - 2023):Paraguay-$30 (-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 Soybean Meal were:
Brazil $11B
Argentina $8.34B
United States $6.9B
In 2023, Chile's main importing competitors in Soybean Meal were:
Indonesia $2.6B
Vietnam $2.2B
Thailand $1.7B

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $646
TOP IMPORT POTENTIALArgentina+ $44M

Soybean Meal’s highest export potential is United States. With an export gap of $646.   Soybean Meal’s highest import potential is Argentina with an import gap of $44M.

See methodology.

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