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2022
Exports $30.7MWorld Rnk 87 / 149
Flag Rnk 136 / 1142
2022
Destination $14.4M Netherlands
2021 - 2022
FASTEST GROWING MARKET $14.4MNetherlands
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $4.64BWorld Rnk 32 / 158
Flag Rnk 3 / 1203
2022
Origin $1.21B Brazil
2021 - 2022
FASTEST GROWING ORIGIN $1.21BBrazil
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $30.7M in Crude Petroleum, making it the 87th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 136th most exported product in Chile. The main destination of Crude Petroleum exports from Chile are: Netherlands ($14.4M), United States ($11M), and Panama ($5.31M).

The fastest growing export markets for Crude Petroleum of Chile between 2021 and 2022 were Netherlands ($14.4M), United States ($11M), and Panama ($5.31M).

Imports In 2022, Chile imported $4.64B in Crude Petroleum, becoming the 32nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in Chile. Chile imports Crude Petroleum primarily from: Brazil ($3.19B), Ecuador ($909M), Angola ($355M), Argentina ($97.1M), and United States ($73.8M).

The fastest growing import markets in Crude Petroleum for Chile between 2021 and 2022 were Brazil ($1.21B), Ecuador ($206M), and Argentina ($73.5M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$30.7M
IMPORTS (2022)$4.64B
NET TRADE (2022)-$4.61B

In 2022, Chile exported $30.7M in Crude Petroleum. The main destinations of Chile exports on Crude Petroleum were Netherlands ($14.4M), United States ($11M), and Panama ($5.31M).

In 2022, Chile imported $4.64B in Crude Petroleum, mainly from Brazil ($3.19B), Ecuador ($909M), Angola ($355M), Argentina ($97.1M), and United States ($73.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Netherlands$14.4M (1%)
United States$11M (1%)
Panama$5.31M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Chile WERE (2021 - 2022):
Singapore-$39 (-100%)
Belgium-$37 (-100%)
South Korea-$8 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Chile's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Chile's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $17.5M
TOP IMPORT POTENTIALUnited States+ $121M

Crude Petroleum’s highest export potential is United States. With an export gap of $17.5M.   Crude Petroleum’s highest import potential is United States with an import gap of $121M.

See methodology.

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