Soybeans in Chile | The Observatory of Economic Complexity

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Exports In 2022, Chile exported $8.08M in Soybeans, making it the 44th largest exporter of Soybeans in the world. At the same year, Soybeans was the 268th most exported product in Chile. The main destination of Soybeans exports from Chile are: United States ($6.78M), Canada ($477k), France ($377k), Netherlands ($336k), and Belgium ($80.4k).

The fastest growing export markets for Soybeans of Chile between 2021 and 2022 were France ($297k), Canada ($257k), and Belgium ($78k).

Imports In 2022, Chile imported $37.6M in Soybeans, becoming the 49th largest importer of Soybeans in the world. At the same year, Soybeans was the 346th most imported product in Chile. Chile imports Soybeans primarily from: Argentina ($32.1M), United States ($5.28M), Canada ($85.5k), China ($40.2k), and New Zealand ($30.4k).

The fastest growing import markets in Soybeans for Chile between 2021 and 2022 were Canada ($42.9k), New Zealand ($30.4k), and Bolivia ($27.5k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Soybeans from Chile to the United States.

Latest Trends

November 2023

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Overview In November 2023 Chile's Soybeans exports accounted up to $1.34k and imports accounted up to $419k, resulting in a negative trade balance of $418k. Between May 2022 and November 2023 the exports of Chile's Soybeans have decreased by $-3.01M (-100%) from $3.01M to $1.34k, while imports decreased by $-99.2k (-19.1%) from $519k to $419k.

Destinations In November 2023, Soybeans were exported mostly to , and were imported mostly from Argentina ($419k) and Heard Island and McDonald Islands ($231).

Growth In November 2023, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to . In January 2024, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (May 2022 - November 2023)$-3.01M(-100%)

IMPORT GROWTH (December 2022 - January 2024)$-99.2k(-19.1%)

MAIN EXPORTER (November 2023)

MAIN DESTINATION (November 2023)

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$8.08M

IMPORTS (2022)$37.6M

NET TRADE (2022)-$29.5M

In 2022, Chile exported $8.08M in Soybeans. The main destinations of Chile exports on Soybeans were United States ($6.78M), Canada ($477k), France ($377k), Netherlands ($336k), and Belgium ($80.4k).

In 2022, Chile imported $37.6M in Soybeans, mainly from Argentina ($32.1M), United States ($5.28M), Canada ($85.5k), China ($40.2k), and New Zealand ($30.4k).

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