Punta Arenas

2019
Economic
Complexity
: -0.86, Rank 33 of 44

Jan 2021
Trade
Exports | Imports
: $13.6M | $6.99M, 40 of 207 | 38 of 212

Jan 2021
Country
Destination | Origin
: United States | Spain , $3.51M  | $4.43M

Jan 2021
Product
Exports | Imports
: Non-fillet Frozen Fish | Coated Flat-Rolled Iron , $4.52M  | $1.01M

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

Exports: In 2020, Chile's Punta Arenas exported $195M, making it the 27th largest exporter out of the 248 exporters in Chile. In 2020 the top exports of Punta Arenas were Fish: frozen, Atlantic salmon (Salmo salar)... ($27.9M), Aquatic invertebrates; sea urchins (Strongylocentrotus spp.,... ($23.1M), Commodities not specified according to kind ($18.4M), Fish fillets: fresh or chilled, salmon,... ($16.7M), and Sheep cuts, bone in, frozen ($15.7M).

Imports: In 2020, Chile's Punta Arenas imported $73.6M, making it the 44th largest importer out of the 248 importers in Chile. In 2020 top imports of Punta Arenas were Trailers nes for the transport of... ($22.9M), Trailer/non-mechanically propelled vehicle parts nes ($9.18M), Flat rolled iron or non-alloy steel,... ($3.87M), Cargo containers designed for carriage ($1.88M), and Bakery and pasta making machinery ($1.4M).

Economic Complexity: In 2019, the highest complexity exports of Punta Arenas according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Interchangeable Tool Parts (1.56), Other Construction Vehicles (-0.51), Edible Offal (-0.51), and Frozen Bovine Meat (-0.77). 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 Punta Arenas'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, $32.7M

Top Product (2020): Fish: frozen, Atlantic salmon (Salmo salar)..., $27.9M

In 2020 the top export destinations of Punta Arenas were China ($32.7M), United States ($28.6M), Japan ($24.1M), Spain ($16.7M), and Bahamas ($11.9M).

In 2020 the top exports of Punta Arenas were Fish: frozen, Atlantic salmon (Salmo salar)... ($27.9M), Aquatic invertebrates; sea urchins (Strongylocentrotus spp.,... ($23.1M), Commodities not specified according to kind ($18.4M), Fish fillets: fresh or chilled, salmon,... ($16.7M), and Sheep cuts, bone in, frozen ($15.7M).

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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): Heard Island and McDonald Islands, $32M

Top Import (2020): Trailers nes for the transport of..., $22.9M

In 2020 the top import origins of Punta Arenas were Heard Island and McDonald Islands ($32M), Spain ($10.8M), United States ($8.55M), Germany ($5.67M), and China ($5.1M).

In 2020 the top imports of Punta Arenas were Trailers nes for the transport of... ($22.9M), Trailer/non-mechanically propelled vehicle parts nes ($9.18M), Flat rolled iron or non-alloy steel,... ($3.87M), Cargo containers designed for carriage ($1.88M), and Bakery and pasta making machinery ($1.4M).

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Economic Complexity

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Economic Complexity of Chile

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Punta Arenas ranks 33rd 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. Punta Arenas it is in position 33rd 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 Punta Arenas already has a comparative advantage, are led by Non-fillet Fresh Fish (0.03), Refined Petroleum (0.02), Sulfates (0.017), Delivery Trucks (0.015), and Specialized Vehicles (0.014).

Most Complex Products by PCI

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The highest complexity exports of Punta Arenas according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Interchangeable Tool Parts (1.56), Other Construction Vehicles (-0.51), Edible Offal (-0.51), and Frozen Bovine Meat (-0.77). 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 Prepared Wool or Animal Hair (733), Wool (246), Sheep and Goat Meat (233), Non-fillet Frozen Fish (118), and Other Construction Vehicles (49).

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 Punta Arenas 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  Punta Arenas. These are products that tend to be co-exported with the products that Punta Arenas 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.