Iquique

2019
Economic
Complexity
: -0.51, Rank 15 of 44

Jan 2021
Trade
Exports | Imports
: $11.9M | $6.04M, 45 of 207 | 42 of 212

Jan 2021
Country
Destination | Origin
: China | United States , $2.81M  | $2.79M

Jan 2021
Product
Exports | Imports
: Refined Copper | Vehicle Parts , $3.05M  | $791k

Overview: This page contains the latest international trade data for Iquique, including export and import data.

Exports: In 2020, Chile's Iquique exported $252M, making it the 21st largest exporter out of the 248 exporters in Chile. In 2020 the top exports of Iquique were Copper cathodes and sections of cathodes... ($90M), Copper ores and concentrates ($40.4M), Iodine ($27.8M), Potassium nitrate ($20.6M), and Waste or scrap, of tinned iron... ($14.8M).

Imports: In 2020, Chile's Iquique imported $43.6M, making it the 52nd largest importer out of the 248 importers in Chile. In 2020 top imports of Iquique were Cargo containers designed for carriage ($3.03M), Shearing (except punch-shear) machine tools, nes ($2.23M), Made up articles (textile) nes, textile... ($2M), Made up fishing nets, of manmade... ($1.7M), and Fittings for plastic tube, pipe or... ($1.42M).

Economic Complexity: In 2019, the highest complexity exports of Iquique according to the product complexity index (PCI) are Other Cast Iron Products (0.39), Copper Bars (0.38), Copper Wire (-0.34), Nitrites and Nitrates (-0.45), and Scrap Iron (-0.6). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Iquique's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Chile's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): China, $127M

Top Product (2020): Copper cathodes and sections of cathodes..., $90M

In 2020 the top export destinations of Iquique were China ($127M), South Korea ($18.6M), Taiwan ($14.5M), Peru ($11.1M), and Italy ($10.1M).

In 2020 the top exports of Iquique were Copper cathodes and sections of cathodes... ($90M), Copper ores and concentrates ($40.4M), Iodine ($27.8M), Potassium nitrate ($20.6M), and Waste or scrap, of tinned iron... ($14.8M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): United States, $14.5M

Top Import (2020): Cargo containers designed for carriage, $3.03M

In 2020 the top import origins of Iquique were United States ($14.5M), Chile ($13M), China ($7.67M), Heard Island and McDonald Islands ($1.77M), and Hong Kong ($1.5M).

In 2020 the top imports of Iquique were Cargo containers designed for carriage ($3.03M), Shearing (except punch-shear) machine tools, nes ($2.23M), Made up articles (textile) nes, textile... ($2M), Made up fishing nets, of manmade... ($1.7M), and Fittings for plastic tube, pipe or... ($1.42M).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of Chile

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Iquique ranks 15th out of the 248 comunnes in Chile according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Iquique it is in position 15th considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Iquique already has a comparative advantage, are led by Refined Petroleum (0.028), Other Processed Fruits and Nuts (0.025), Processed Fish (0.025), Paper Containers (0.022), and Other Edible Preparations (0.022).

Most Complex Products by PCI

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The highest complexity exports of Iquique according to the product complexity index (PCI) are Other Cast Iron Products (0.39), Copper Bars (0.38), Copper Wire (-0.34), Nitrites and Nitrates (-0.45), and Scrap Iron (-0.6). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Halogens (838), Nitrites and Nitrates (806), Locust beans, seaweed, sugar beet, cane,... (348), Refined Copper (170), and Salt (138).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Iquique is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Iquique. These are products that tend to be co-exported with the products that Iquique exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.