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2022
Exports $91World Rnk 118 / 124
Flag Rnk 1129 / 1142
2022
Destination $64 United States
2021 - 2022
FASTEST GROWING MARKET $64United States
2022
PRODUCT COMPLEXITY IN Soybean Meal-1.24Rnk 894 / 1025
2022
Imports $387MWorld Rnk 30 / 174
Flag Rnk 47 / 1203
2022
Origin $55.4M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $55.4MBolivia
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $91 in Soybean Meal, making it the 118th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 1129th most exported product in Chile. The main destination of Soybean Meal exports from Chile are: United States ($64) and Paraguay ($27).

The fastest growing export markets for Soybean Meal of Chile between 2021 and 2022 were United States ($64) and Paraguay ($27).

Imports In 2022, Chile imported $387M in Soybean Meal, becoming the 30th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 47th most imported product in Chile. Chile imports Soybean Meal primarily from: Argentina ($160M), Bolivia ($98.2M), Brazil ($75.1M), Paraguay ($34.8M), and United States ($18.7M).

The fastest growing import markets in Soybean Meal for Chile between 2021 and 2022 were Bolivia ($55.4M), Brazil ($3.43M), and China ($47.1k).

Latest Trends

June 2024

About

Overview In June 2024 Chile's Soybean Meal exports accounted up to $55.4k and imports accounted up to $941k, resulting in a negative trade balance of $885k. Between October 2022 and June 2024 the exports of Chile's   Soybean Meal have increased by $55.4k (86.5k%) from $64 to $55.4k, while imports increased by $125k (15.3%) from $816k to $941k.

Destinations In June 2024, Soybean Meal were exported mostly to , and were imported mostly from Paraguay ($509k), Argentina ($260k), Bolivia ($112k), and United States ($60k).

Growth In June 2024, the increase in Soybean Meal's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the increase in Soybean Meal's year-by-year imports was explained primarily by an increase in imports from Argentina ($132k or 285%) and Bolivia ($10.1k or 15.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2022 - June 2024)$55.4k(86.5k%)
IMPORT GROWTH (September 2023 - September 2024)$125k(15.3%)
MAIN DESTINATION (June 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 (2022)$91
IMPORTS (2022)$387M
NET TRADE (2022)-$387M

In 2022, Chile exported $91 in Soybean Meal. The main destinations of Chile exports on Soybean Meal were United States ($64) and Paraguay ($27).

In 2022, Chile imported $387M in Soybean Meal, mainly from Argentina ($160M), Bolivia ($98.2M), Brazil ($75.1M), Paraguay ($34.8M), and United States ($18.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Chile WERE (2021 - 2022):
United States$64 (1%)
Paraguay$27 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Chile WERE (2021 - 2022):
Peru-$3.41M (-100%)
Colombia-$746k (-100%)
Kuwait-$162k (-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 Soybean Meal were:
Argentina $12B
Brazil $10.4B
United States $5.2B
In 2022, Chile's main importing competitors in Soybean Meal were:
Indonesia $2.92B
Vietnam $2.5B
Germany $1.71B

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $646
N/AN/AN/A

Soybean Meal’s highest export potential is United States. With an export gap of $646.   Soybean Meal’s highest import potential is N/A with an import gap of N/A.

See methodology.

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