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2022
Exports $249MWorld Rnk 3 / 118
Flag Rnk 48 / 1142
2022
Destination $11.5M Norway
2021 - 2022
FASTEST GROWING MARKET $11.5MDenmark
2022
PRODUCT COMPLEXITY IN Fish oil-1.83Rnk 985 / 1025
2022
Imports $186MWorld Rnk 5 / 171
Flag Rnk 99 / 1203
2022
Origin $24.7M Peru
2021 - 2022
FASTEST GROWING ORIGIN $24.7MPeru
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $249M in Fish oil, making it the 3rd largest exporter of Fish oil in the world. At the same year, Fish oil was the 48th most exported product in Chile. The main destination of Fish oil exports from Chile are: Norway ($36.8M), Turkey ($25.6M), Denmark ($24.7M), Belgium ($17.2M), and China ($16.6M).

The fastest growing export markets for Fish oil of Chile between 2021 and 2022 were Denmark ($11.5M), United Kingdom ($11.4M), and Turkey ($11.2M).

Imports In 2022, Chile imported $186M in Fish oil, becoming the 5th largest importer of Fish oil in the world. At the same year, Fish oil was the 99th most imported product in Chile. Chile imports Fish oil primarily from: Peru ($56M), Japan ($31.9M), China ($29.1M), United States ($11.3M), and Gambia ($11.1M).

The fastest growing import markets in Fish oil for Chile between 2021 and 2022 were Peru ($24.7M), Japan ($24.4M), and China ($22.4M).

Latest Trends

August 2024

About

Overview In August 2024 Chile's Fish oil exports accounted up to $22.8M and imports accounted up to $5.53M, resulting in a positive trade balance of $17.3M. Between August 2023 and August 2024 the exports of Chile's   Fish oil have decreased by $-56.4M (-71.2%) from $79.2M to $22.8M, while imports decreased by $-11.7M (-68%) from $17.2M to $5.53M.

Destinations In August 2024, Fish oil were exported mostly to Denmark ($4.76M), Turkey ($4.49M), China ($1.83M), Mexico ($1.58M), and Vietnam ($1.53M), and were imported mostly from Peru ($2.67M), Hong Kong ($1.11M), Spain ($719k), Chile ($285k), and Morocco ($280k).

Growth In August 2024, the decrease in Fish oil's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-1.22M or -52.9%), United States ($-628k or -63.7%), and Turkey ($-570k or -16.4%). In August 2024, the decrease in Fish oil's year-by-year imports was explained primarily by a decrease in imports from Japan ($-760k or -99.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-56.4M(-71.2%)
IMPORT GROWTH (August 2023 - August 2024)$-11.7M(-68%)
MAIN EXPORTER (August 2024)Las Condes$38.6M
MAIN DESTINATION (August 2024)Denmark$4.76M

This section shows Fish oil'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 Fish oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$249M
IMPORTS (2022)$186M
NET TRADE (2022)$62.8M

In 2022, Chile exported $249M in Fish oil. The main destinations of Chile exports on Fish oil were Norway ($36.8M), Turkey ($25.6M), Denmark ($24.7M), Belgium ($17.2M), and China ($16.6M).

In 2022, Chile imported $186M in Fish oil, mainly from Peru ($56M), Japan ($31.9M), China ($29.1M), United States ($11.3M), and Gambia ($11.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Denmark$11.5M (87.5%)
United Kingdom$11.4M (1%)
Turkey$11.2M (77.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Chile WERE (2021 - 2022):
Belgium-$19.1M (-52.6%)
Japan-$6.13M (-39.9%)
South Korea-$2.22M (-87.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Fish oil were:
Peru $556M
Norway $253M
In 2022, Chile's main importing competitors in Fish oil were:
Norway $563M
China $258M
Denmark $232M

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.31M
TOP IMPORT POTENTIALMexico+ $898k

Fish oil’s highest export potential is China. With an export gap of $4.31M.   Fish oil’s highest import potential is Mexico with an import gap of $898k.

See methodology.

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