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2022
Exports $46.3MWorld Rnk 81 / 222
Flag Rnk 106 / 1142
2022
Destination $2.91M Ecuador
2021 - 2022
FASTEST GROWING MARKET $2.91MColombia
2022
PRODUCT COMPLEXITY IN Insulated Wire-0.59Rnk 723 / 1025
2022
Imports $470MWorld Rnk 54 / 225
Flag Rnk 32 / 1203
2022
Origin $8.2M China
2021 - 2022
FASTEST GROWING ORIGIN $8.2MPeru
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $46.3M in Insulated Wire, making it the 81st largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 106th most exported product in Chile. The main destination of Insulated Wire exports from Chile are: Ecuador ($17.4M), Peru ($6.75M), Colombia ($4.26M), Dominican Republic ($2.15M), and Panama ($1.92M).

The fastest growing export markets for Insulated Wire of Chile between 2021 and 2022 were Colombia ($2.91M), Ecuador ($2.68M), and Dominican Republic ($2M).

Imports In 2022, Chile imported $470M in Insulated Wire, becoming the 54th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 32nd most imported product in Chile. Chile imports Insulated Wire primarily from: China ($199M), Spain ($94.9M), Brazil ($39.7M), United States ($26.9M), and Germany ($12M).

The fastest growing import markets in Insulated Wire for Chile between 2021 and 2022 were Peru ($8.2M), Brazil ($7.3M), and Argentina ($3.98M).

COMPANIES In 2023, leading companies such as StarTech (3) and Goodyear Tire and Rubber (1) were at the forefront of shipping Insulated Wire from Chile to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Chile's Insulated Wire exports accounted up to $3.82M and imports accounted up to $67.9M, resulting in a negative trade balance of $64.1M. Between August 2023 and August 2024 the exports of Chile's   Insulated Wire have decreased by $-2.06M (-35%) from $5.87M to $3.82M, while imports decreased by $-20.8M (-23.5%) from $88.8M to $67.9M.

Destinations In August 2024, Insulated Wire were exported mostly to Colombia ($1.02M), Peru ($931k), Ecuador ($897k), United States ($450k), and Dominican Republic ($251k), and were imported mostly from United States ($30.4M), Switzerland ($8.91M), Germany ($5.9M), Brazil ($4.65M), and China ($4.13M).

Growth In August 2024, the decrease in Insulated Wire's year-by-year exports was explained primarily by a decrease in exports to Ecuador ($-680k or -47%), Peru ($-132k or -13.4%), and United States ($-37.1k or -50.2%). In August 2024, the decrease in Insulated Wire's year-by-year imports was explained primarily by a decrease in imports from China ($-19.8M or -92.4%), Switzerland ($-5.25M or -46.7%), and Hong Kong ($-5.25M or -88%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-2.06M(-35%)
IMPORT GROWTH (August 2023 - August 2024)$-20.8M(-23.5%)
MAIN EXPORTER (August 2024)Cerrillos$5.59M
MAIN DESTINATION (August 2024)Colombia$1.02M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$46.3M
IMPORTS (2022)$470M
NET TRADE (2022)-$424M

In 2022, Chile exported $46.3M in Insulated Wire. The main destinations of Chile exports on Insulated Wire were Ecuador ($17.4M), Peru ($6.75M), Colombia ($4.26M), Dominican Republic ($2.15M), and Panama ($1.92M).

In 2022, Chile imported $470M in Insulated Wire, mainly from China ($199M), Spain ($94.9M), Brazil ($39.7M), United States ($26.9M), and Germany ($12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Colombia$2.91M (214%)
Ecuador$2.68M (18.2%)
Dominican Republic$2M (1.33k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Chile WERE (2021 - 2022):
Peru-$3.83M (-36.2%)
Greece-$1.18M (-77%)
China-$952k (-86.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Insulated Wire were:
China $33.9B
Mexico $16.6B
United States $11B
In 2022, Chile's main importing competitors in Insulated Wire were:
United States $29.8B
Germany $15.4B
Mexico $8.28B

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.23M
TOP IMPORT POTENTIALChina+ $28M

Insulated Wire’s highest export potential is United States. With an export gap of $4.23M.   Insulated Wire’s highest import potential is China with an import gap of $28M.

See methodology.

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