Refined Petroleum in Chile | The Observatory of Economic Complexity

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Exports In 2022, Chile exported $886M in Refined Petroleum, making it the 67th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 16th most exported product in Chile. The main destination of Refined Petroleum exports from Chile are: Bolivia ($416M), United States ($168M), Panama ($168M), Singapore ($111M), and Malaysia ($8.54M).

The fastest growing export markets for Refined Petroleum of Chile between 2021 and 2022 were Bolivia ($264M), United States ($149M), and Singapore ($94.7M).

Imports In 2022, Chile imported $11.5B in Refined Petroleum, becoming the 26th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Chile. Chile imports Refined Petroleum primarily from: United States ($10.2B), Japan ($773M), Peru ($148M), South Korea ($107M), and Brazil ($72.9M).

The fastest growing import markets in Refined Petroleum for Chile between 2021 and 2022 were United States ($6.01B), Japan ($465M), and Peru ($95.7M).

COMPANIES In 2023, leading companies such as FETZER VINEYARDS (1) were at the forefront of shipping Refined Petroleum from Chile to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Chile's Refined Petroleum exports accounted up to $32.6M and imports accounted up to $13.3M, resulting in a positive trade balance of $19.4M. Between January 2023 and January 2024 the exports of Chile's Refined Petroleum have decreased by $-84.6M (-72.2%) from $117M to $32.6M, while imports decreased by $-14.6M (-52.3%) from $27.8M to $13.3M.

Destinations In January 2024, Refined Petroleum were exported mostly to Bolivia ($16.9M), Panama ($15M), Colombia ($291k), Paraguay ($182k), and Peru ($173k), and were imported mostly from Chile ($5.66M), United States ($3.92M), Brazil ($2.03M), Argentina ($683k), and Sweden ($165k).

Growth In January 2024, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Argentina ($-132k or -71%), Peru ($-85.5k or -22.6%), and Paraguay ($-51.3k or -28%). In January 2024, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from United States ($-11.9M or -32.8%), Brazil ($-2.52M or -96.8%), and Germany ($-608k or -54.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-84.6M(-72.2%)

IMPORT GROWTH (January 2023 - January 2024)$-14.6M(-52.3%)

MAIN EXPORTER (January 2024)Concón$15M

MAIN DESTINATION (January 2024)Bolivia$16.9M

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$886M

IMPORTS (2022)$11.5B

NET TRADE (2022)-$10.6B

In 2022, Chile exported $886M in Refined Petroleum. The main destinations of Chile exports on Refined Petroleum were Bolivia ($416M), United States ($168M), Panama ($168M), Singapore ($111M), and Malaysia ($8.54M).

In 2022, Chile imported $11.5B in Refined Petroleum, mainly from United States ($10.2B), Japan ($773M), Peru ($148M), South Korea ($107M), and Brazil ($72.9M).

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