Providencia

2019
Economic
Complexity
: -0.72, Rank 22 of 44

Jan 2021
Trade
Exports | Imports
: $180M | $685M, 5 of 207 | 3 of 212

Jan 2021
Country
Destination | Origin
: China | United States , $67.1M  | $285M

Jan 2021
Product
Exports | Imports
: Pitted Fruits | Telephones , $55.1M  | $86.6M

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

Exports: In 2020, Chile's Providencia exported $1.81B, making it the 4th largest exporter out of the 248 exporters in Chile. In 2020 the top exports of Providencia were Copper cathodes and sections of cathodes... ($331M), Commodities not specified according to kind ($101M), Fish meat, excluding fillets, whether or... ($85M), Apples, fresh ($81.6M), and Grape wines nes, fortified wine or... ($66M).

Imports: In 2020, Chile's Providencia imported $6.39B, making it the 3rd largest importer out of the 248 importers in Chile. In 2020 top imports of Providencia were Communication apparatus (excluding telephone sets or... ($534M), Automatic data processing machines: portable, weighing... ($276M), Instruments, appliances for medical, etc science,... ($262M), Telephones for cellular networks or for... ($257M), and Medicaments nes, in dosage ($254M).

Economic Complexity: In 2019, the highest complexity exports of Providencia according to the product complexity index (PCI) are Pig Meat (0.81), Telephones (0.8), Natural Polymers (0.46), Perfumes (0.23), and Pesticides (-0.035). 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 Providencia'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): United States, $441M

Top Product (2020): Copper cathodes and sections of cathodes..., $331M

In 2020 the top export destinations of Providencia were United States ($441M), China ($355M), Japan ($162M), Brazil ($88.2M), and Mexico ($50.9M).

In 2020 the top exports of Providencia were Copper cathodes and sections of cathodes... ($331M), Commodities not specified according to kind ($101M), Fish meat, excluding fillets, whether or... ($85M), Apples, fresh ($81.6M), and Grape wines nes, fortified wine or... ($66M).

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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, $3.53B

Top Import (2020): Communication apparatus (excluding telephone sets or..., $534M

In 2020 the top import origins of Providencia were United States ($3.53B), Panama ($354M), China ($282M), Germany ($235M), and Uruguay ($227M).

In 2020 the top imports of Providencia were Communication apparatus (excluding telephone sets or... ($534M), Automatic data processing machines: portable, weighing... ($276M), Instruments, appliances for medical, etc science,... ($262M), Telephones for cellular networks or for... ($257M), and Medicaments nes, in dosage ($254M).

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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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Providencia ranks 22nd 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. Providencia it is in position 22nd 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 Providencia already has a comparative advantage, are led by Gold (0.1), Crustaceans (0.1), Copper Ore (0.094), Processed Fish (0.089), and Nitrogenous Fertilizers (0.087).

Most Complex Products by PCI

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The highest complexity exports of Providencia according to the product complexity index (PCI) are Pig Meat (0.81), Telephones (0.8), Natural Polymers (0.46), Perfumes (0.23), and Pesticides (-0.035). 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 Frozen Fruits and Nuts (223), Dried Fruits (127), Vegetable Saps (119), Fish Oil (115), and Natural Polymers (113).

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 Providencia 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  Providencia. These are products that tend to be co-exported with the products that Providencia 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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Depth
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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.