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2022
Exports $24.5MWorld Rnk 28 / 117
Flag Rnk 158 / 1142
2022
Destination $6.38M Peru
2021 - 2022
FASTEST GROWING MARKET $6.38MSingapore
2022
PRODUCT COMPLEXITY IN Whey and other milk products0.4Rnk 408 / 1025
2022
Imports $36.2MWorld Rnk 33 / 198
Flag Rnk 351 / 1203
2022
Origin $3.17M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $3.17MArgentina
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $24.5M in Whey and other milk products, making it the 28th largest exporter of Whey and other milk products in the world. At the same year, Whey and other milk products was the 158th most exported product in Chile. The main destination of Whey and other milk products exports from Chile are: Peru ($7.52M), Singapore ($6.38M), China ($3.87M), South Korea ($2.42M), and Colombia ($1.44M).

The fastest growing export markets for Whey and other milk products of Chile between 2021 and 2022 were Singapore ($6.38M), Peru ($1.16M), and South Korea ($631k).

Imports In 2022, Chile imported $36.2M in Whey and other milk products, becoming the 33rd largest importer of Whey and other milk products in the world. At the same year, Whey and other milk products was the 351st most imported product in Chile. Chile imports Whey and other milk products primarily from: Argentina ($15.3M), New Zealand ($6.85M), United States ($6.4M), Netherlands ($2.23M), and Ireland ($2.11M).

The fastest growing import markets in Whey and other milk products for Chile between 2021 and 2022 were Argentina ($3.17M), United States ($2.8M), and New Zealand ($2.22M).

Latest Trends

August 2024

About

Overview In August 2024 Chile's Whey and other milk products exports accounted up to $813k and imports accounted up to $401k, resulting in a positive trade balance of $412k. Between August 2023 and August 2024 the exports of Chile's   Whey and other milk products have decreased by $-747k (-47.9%) from $1.56M to $813k, while imports increased by $253k (172%) from $148k to $401k.

Destinations In August 2024, Whey and other milk products were exported mostly to Singapore ($237k), Peru ($204k), China ($145k), South Korea ($110k), and Costa Rica ($77.7k), and were imported mostly from Argentina ($317k), Heard Island and McDonald Islands ($58.2k), Brazil ($25.6k), and Sweden ($107).

Growth In August 2024, the decrease in Whey and other milk products's year-by-year exports was explained primarily by a decrease in exports to El Salvador ($-74k or -73.3%), South Korea ($-22.9k or -10.3%), and Singapore ($-12.4k or -3.25%). In August 2024, the increase in Whey and other milk products's year-by-year imports was explained primarily by an increase in imports from Argentina ($284k or 195%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-747k(-47.9%)
IMPORT GROWTH (August 2023 - August 2024)$253k(172%)
MAIN EXPORTER (August 2024)La Unión$1.66M
MAIN DESTINATION (August 2024)Singapore$237k

This section shows Whey and other milk products'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 Whey and other milk products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.5M
IMPORTS (2022)$36.2M
NET TRADE (2022)-$11.6M

In 2022, Chile exported $24.5M in Whey and other milk products. The main destinations of Chile exports on Whey and other milk products were Peru ($7.52M), Singapore ($6.38M), China ($3.87M), South Korea ($2.42M), and Colombia ($1.44M).

In 2022, Chile imported $36.2M in Whey and other milk products, mainly from Argentina ($15.3M), New Zealand ($6.85M), United States ($6.4M), Netherlands ($2.23M), and Ireland ($2.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Whey and other milk products EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Singapore$6.38M (1%)
Peru$1.16M (18.2%)
South Korea$631k (35.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Whey and other milk products BY Chile WERE (2021 - 2022):
El Salvador-$377k (-28.6%)
Guatemala-$255k (-32.8%)
Mexico-$104k (-64.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Whey and other milk products were:
United States $1.06B
Germany $786M
Netherlands $654M
In 2022, Chile's main importing competitors in Whey and other milk products were:
China $1.01B
Netherlands $656M
Germany $366M

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Trade Value of Whey and other milk products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.85M
TOP IMPORT POTENTIALUnited States+ $1.08M

Whey and other milk products’s highest export potential is China. With an export gap of $1.85M.   Whey and other milk products’s highest import potential is United States with an import gap of $1.08M.

See methodology.

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