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2022
Exports $1.02MWorld Rnk 65 / 159
Flag Rnk 553 / 1142
2022
Destination $361k Indonesia
2021 - 2022
FASTEST GROWING MARKET $361kIndonesia
2022
PRODUCT COMPLEXITY IN Electric Furnaces1.31Rnk 93 / 1025
2022
Imports $12.5MWorld Rnk 61 / 209
Flag Rnk 549 / 1203
2022
Origin $1.43M China
2021 - 2022
FASTEST GROWING ORIGIN $1.43MChina
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $1.02M in Electric Furnaces, making it the 65th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 553rd most exported product in Chile. The main destination of Electric Furnaces exports from Chile are: Indonesia ($361k), United States ($286k), Germany ($126k), Peru ($76.8k), and Mexico ($50.5k).

The fastest growing export markets for Electric Furnaces of Chile between 2021 and 2022 were Indonesia ($361k), United States ($282k), and Germany ($126k).

Imports In 2022, Chile imported $12.5M in Electric Furnaces, becoming the 61st largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 549th most imported product in Chile. Chile imports Electric Furnaces primarily from: China ($3.17M), Italy ($2.23M), United States ($2.09M), Brazil ($1.38M), and Germany ($976k).

The fastest growing import markets in Electric Furnaces for Chile between 2021 and 2022 were China ($1.43M), Italy ($600k), and India ($144k).

Latest Trends

October 2024

About

Overview In October 2024 Chile's Electric Furnaces exports accounted up to $95.6k and imports accounted up to $1.27M, resulting in a negative trade balance of $1.18M. Between August 2023 and October 2024 the exports of Chile's   Electric Furnaces have increased by $84.2k (736%) from $11.4k to $95.6k, while imports decreased by $-88.6k (-6.5%) from $1.36M to $1.27M.

Destinations In October 2024, Electric Furnaces were exported mostly to Italy ($34.1k), United States ($22.9k), Peru ($22.4k), and Bolivia ($16.3k), and were imported mostly from Germany ($410k), China ($376k), Italy ($130k), United States ($115k), and Canada ($103k).

Growth In October 2024, the increase in Electric Furnaces's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the decrease in Electric Furnaces's year-by-year imports was explained primarily by a decrease in imports from Sweden ($-81.8k or -87.6%) and Germany ($-12.2k or -54%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - October 2024)$84.2k(736%)
IMPORT GROWTH (October 2023 - October 2024)$-88.6k(-6.5%)
MAIN EXPORTER (October 2024)Quilicura$84.4k
MAIN DESTINATION (October 2024)Italy$34.1k

This section shows Electric Furnaces'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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.02M
IMPORTS (2022)$12.5M
NET TRADE (2022)-$11.5M

In 2022, Chile exported $1.02M in Electric Furnaces. The main destinations of Chile exports on Electric Furnaces were Indonesia ($361k), United States ($286k), Germany ($126k), Peru ($76.8k), and Mexico ($50.5k).

In 2022, Chile imported $12.5M in Electric Furnaces, mainly from China ($3.17M), Italy ($2.23M), United States ($2.09M), Brazil ($1.38M), and Germany ($976k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Indonesia$361k (1%)
United States$282k (6.33k%)
Germany$126k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Chile WERE (2021 - 2022):
Dominican Republic-$73.2k (-100%)
Bolivia-$33.1k (-77.5%)
Cuba-$23.6k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Electric Furnaces were:
China $1.22B
Germany $882M
Italy $722M
In 2022, Chile's main importing competitors in Electric Furnaces were:
China $759M
United States $660M
Indonesia $306M

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $267k
TOP IMPORT POTENTIALChina+ $992k

Electric Furnaces’s highest export potential is United States. With an export gap of $267k.   Electric Furnaces’s highest import potential is China with an import gap of $992k.

See methodology.

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