Motor vehicles; parts and accessories (8701 to 8705) in Chile | The Observatory of Economic Complexity

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Exports In 2023, Chile exported $119M in Motor vehicles; parts and accessories (8701 to 8705), making it the 56th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 67th most exported product in Chile. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Chile are: Brazil ($42.2M), Argentina ($24M), United States ($22.4M), Colombia ($8.61M), and Bolivia ($5.05M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Chile between 2022 and 2023 were United States ($6.78M), Australia ($3.64M), and Argentina ($3.36M).

Imports In 2023, Chile imported $581M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 50th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 21st most imported product in Chile. Chile imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: United States ($165M), China ($142M), Brazil ($44.2M), South Korea ($32.9M), and Germany ($30.2M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Chile between 2022 and 2023 were Germany ($1.39M), Sweden ($1.21M), and Canada ($641k).

Latest Trends

November 2024

About

Overview In November 2024 Chile's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to $12.9M and imports accounted up to $117M, resulting in a negative trade balance of $104M. Between November 2023 and November 2024 the exports of Chile's Motor vehicles; parts and accessories (8701 to 8705) have decreased by $-953k (-6.88%) from $13.8M to $12.9M, while imports increased by $12.7M (12.2%) from $105M to $117M.

Destinations In November 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Brazil ($3.72M), Argentina ($3.32M), United States ($2.44M), Mexico ($1.59M), and Colombia ($1.02M), and were imported mostly from United States ($35.4M), Brazil ($30.3M), Chile ($18.5M), Switzerland ($13.6M), and China ($4.73M).

Growth In November 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to Mexico ($-216k or -59%), Peru ($-53.7k or -16%), and Ecuador ($-12.3k or -98.1%). In November 2024, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from Brazil ($12M or 55.5%), Italy ($653k or 86.5%), and Belgium ($622k or 63.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$-953k(-6.88%)

IMPORT GROWTH (November 2023 - November 2024)$12.7M(12.2%)

MAIN EXPORTER (November 2024)Los Andes$13M

MAIN DESTINATION (November 2024)Brazil$3.72M

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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