Renca

2019
Economic
Complexity
: -0.21, Rank 8 of 44

Jan 2021
Trade
Exports | Imports
: $18.2M | $237M, 34 of 207 | 6 of 212

Jan 2021
Country
Destination | Origin
: Peru | Taiwan , $7.65M  | $130M

Jan 2021
Product
Exports | Imports
: Commodities not elsewhere specified | Other Hand Tools , $11.7M  | $27.8M

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

Exports: In 2020, Chile's Renca exported $533M, making it the 14th largest exporter out of the 248 exporters in Chile. In 2020 the top exports of Renca were Commodities not specified according to kind ($329M), Breathing appliances and gas masks ($73.9M), Medicaments nes, in dosage ($26.1M), Iodides and odide oxides of metals ($24.5M), and Perchlorates, bromates & per-,iodates & per-... ($7.96M).

Imports: In 2020, Chile's Renca imported $1.47B, making it the 7th largest importer out of the 248 importers in Chile. In 2020 top imports of Renca were Bovine cuts boneless, fresh or chilled ($47.3M), Plastic articles nes ($44.9M), Chandeliers, other electric ceiling or wall... ($38.2M), Tools for drilling, other than for... ($35M), and Seats with metal frames, nes ($31M).

Economic Complexity: In 2019, the highest complexity exports of Renca according to the product complexity index (PCI) are Packaged Medicaments (0.65), Stone Processing Machines (0.57), Iron Structures (0.5), Other Cast Iron Products (0.39), and Chlorides (0.12). 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 Renca'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): Areas, $154M

Top Product (2020): Commodities not specified according to kind, $329M

In 2020 the top export destinations of Renca were Areas ($154M), Peru ($126M), Paraguay ($84.9M), Colombia ($39.1M), and Argentina ($28.5M).

In 2020 the top exports of Renca were Commodities not specified according to kind ($329M), Breathing appliances and gas masks ($73.9M), Medicaments nes, in dosage ($26.1M), Iodides and odide oxides of metals ($24.5M), and Perchlorates, bromates & per-,iodates & per-... ($7.96M).

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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): China, $355M

Top Import (2020): Bovine cuts boneless, fresh or chilled, $47.3M

In 2020 the top import origins of Renca were China ($355M), Taiwan ($306M), United States ($176M), Brazil ($93.5M), and Germany ($80M).

In 2020 the top imports of Renca were Bovine cuts boneless, fresh or chilled ($47.3M), Plastic articles nes ($44.9M), Chandeliers, other electric ceiling or wall... ($38.2M), Tools for drilling, other than for... ($35M), and Seats with metal frames, nes ($31M).

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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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Renca ranks 8th 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. Renca it is in position 8th 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 Renca already has a comparative advantage, are led by Other Edible Preparations (0.033), Processed Cereals (0.033), Rough Wood (0.032), Salt (0.032), and Plastic Lids (0.031).

Most Complex Products by PCI

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The highest complexity exports of Renca according to the product complexity index (PCI) are Packaged Medicaments (0.65), Stone Processing Machines (0.57), Iron Structures (0.5), Other Cast Iron Products (0.39), and Chlorides (0.12). 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 Chlorides (163), Halogens (110), Dried Fruits (47.5), Grapes (28.4), and Prepared Cereals (20.4).

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