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2022
Exports $94.4MWorld Rnk 21 / 141
Flag Rnk 78 / 1142
2022
Destination $17.8M Netherlands
2021 - 2022
FASTEST GROWING MARKET $17.8MFinland
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils-0.34Rnk 660 / 1025
2022
Imports $76.1MWorld Rnk 22 / 186
Flag Rnk 215 / 1203
2022
Origin $13.6M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $13.6MArgentina
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $94.4M in Inedible Fats and Oils, making it the 21st largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 78th most exported product in Chile. The main destination of Inedible Fats and Oils exports from Chile are: Netherlands ($48.7M), Finland ($24.6M), Germany ($5.52M), United States ($4.66M), and Austria ($3.08M).

The fastest growing export markets for Inedible Fats and Oils of Chile between 2021 and 2022 were Finland ($17.8M), Germany ($4.2M), and Austria ($1.62M).

Imports In 2022, Chile imported $76.1M in Inedible Fats and Oils, becoming the 22nd largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 215th most imported product in Chile. Chile imports Inedible Fats and Oils primarily from: Argentina ($71.8M), Bolivia ($1.22M), United States ($1.12M), Brazil ($913k), and Japan ($719k).

The fastest growing import markets in Inedible Fats and Oils for Chile between 2021 and 2022 were Argentina ($13.6M), Bolivia ($921k), and United States ($903k).

Latest Trends

August 2024

About

Overview In August 2024 Chile's Inedible Fats and Oils exports accounted up to $12.2M and imports accounted up to $1.26M, resulting in a positive trade balance of $11M. Between August 2023 and August 2024 the exports of Chile's   Inedible Fats and Oils have increased by $3.72M (43.7%) from $8.5M to $12.2M, while imports increased by $1.1M (683%) from $161k to $1.26M.

Destinations In August 2024, Inedible Fats and Oils were exported mostly to United States ($8.41M), Heard Island and McDonald Islands ($3.06M), United Kingdom ($292k), Portugal ($253k), and Finland ($97.9k), and were imported mostly from United States ($625k), Paraguay ($421k), Argentina ($144k), Switzerland ($53.8k), and Bolivia ($14.7k).

Growth In August 2024, the increase in Inedible Fats and Oils's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Inedible Fats and Oils's year-by-year imports was explained primarily by an increase in imports from United States ($388k or 1.8k%) and Argentina ($253k or 207%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$3.72M(43.7%)
IMPORT GROWTH (August 2023 - August 2024)$1.1M(683%)
MAIN EXPORTER (August 2024)Huechuraba$9.65M
MAIN DESTINATION (August 2024)United States$8.41M

This section shows Inedible Fats and Oils'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 Inedible Fats and Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$94.4M
IMPORTS (2022)$76.1M
NET TRADE (2022)$18.3M

In 2022, Chile exported $94.4M in Inedible Fats and Oils. The main destinations of Chile exports on Inedible Fats and Oils were Netherlands ($48.7M), Finland ($24.6M), Germany ($5.52M), United States ($4.66M), and Austria ($3.08M).

In 2022, Chile imported $76.1M in Inedible Fats and Oils, mainly from Argentina ($71.8M), Bolivia ($1.22M), United States ($1.12M), Brazil ($913k), and Japan ($719k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Finland$17.8M (264%)
Germany$4.2M (318%)
Austria$1.62M (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Chile WERE (2021 - 2022):
Netherlands-$7.08M (-12.7%)
Belgium-$3.36M (-100%)
Czechia-$1.82M (-50.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Inedible Fats and Oils were:
China $2.4B
Netherlands $1.68B
Malaysia $942M
In 2022, Chile's main importing competitors in Inedible Fats and Oils were:
Netherlands $2.47B
Singapore $1.19B
Spain $1.03B

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.65M
TOP IMPORT POTENTIALUnited States+ $851k

Inedible Fats and Oils’s highest export potential is United States. With an export gap of $3.65M.   Inedible Fats and Oils’s highest import potential is United States with an import gap of $851k.

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