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2022
Exports $473MWorld Rnk 11 / 175
Flag Rnk 29 / 1142
2022
Destination $37M Japan
2021 - 2022
FASTEST GROWING MARKET $37MJapan
2022
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2022
Imports $49.6MWorld Rnk 33 / 224
Flag Rnk 298 / 1203
2022
Origin $186k China
2021 - 2022
FASTEST GROWING ORIGIN $186kIndonesia
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $473M in Processed Crustaceans, making it the 11th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 29th most exported product in Chile. The main destination of Processed Crustaceans exports from Chile are: Japan ($120M), United States ($96M), Spain ($59.8M), Russia ($29.3M), and Italy ($28.4M).

The fastest growing export markets for Processed Crustaceans of Chile between 2021 and 2022 were Japan ($37M), United States ($27.4M), and Italy ($3.07M).

Imports In 2022, Chile imported $49.6M in Processed Crustaceans, becoming the 33rd largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 298th most imported product in Chile. Chile imports Processed Crustaceans primarily from: China ($42.2M), Ecuador ($5.2M), Thailand ($607k), Spain ($580k), and Vietnam ($270k).

The fastest growing import markets in Processed Crustaceans for Chile between 2021 and 2022 were Indonesia ($186k), Czechia ($171k), and France ($15.6k).

Latest Trends

August 2024

About

Overview In August 2024 Chile's Processed Crustaceans exports accounted up to $38.2M and imports accounted up to $1.78M, resulting in a positive trade balance of $36.4M. Between August 2023 and August 2024 the exports of Chile's   Processed Crustaceans have increased by $6.44M (20.3%) from $31.8M to $38.2M, while imports increased by $554k (45.1%) from $1.23M to $1.78M.

Destinations In August 2024, Processed Crustaceans were exported mostly to Spain ($9.48M), United States ($7.94M), Russia ($4.23M), France ($2.97M), and Italy ($2.46M), and were imported mostly from China ($913k), Ecuador ($347k), United States ($335k), South Korea ($91.4k), and Hong Kong ($52.8k).

Growth In August 2024, the increase in Processed Crustaceans's year-by-year exports was explained primarily by an increase in exports to Spain ($1.83M or 94.4%), Italy ($526k or 76.9%), and Singapore ($472k or 264%). In August 2024, the increase in Processed Crustaceans's year-by-year imports was explained primarily by an increase in imports from South Korea ($108k or 421%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$6.44M(20.3%)
IMPORT GROWTH (August 2023 - August 2024)$554k(45.1%)
MAIN EXPORTER (August 2024)Las Condes$13.4M
MAIN DESTINATION (August 2024)Spain$9.48M

This section shows Processed Crustaceans'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 Processed Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$473M
IMPORTS (2022)$49.6M
NET TRADE (2022)$423M

In 2022, Chile exported $473M in Processed Crustaceans. The main destinations of Chile exports on Processed Crustaceans were Japan ($120M), United States ($96M), Spain ($59.8M), Russia ($29.3M), and Italy ($28.4M).

In 2022, Chile imported $49.6M in Processed Crustaceans, mainly from China ($42.2M), Ecuador ($5.2M), Thailand ($607k), Spain ($580k), and Vietnam ($270k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Japan$37M (44.7%)
United States$27.4M (40%)
Italy$3.07M (12.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Chile WERE (2021 - 2022):
Russia-$16.1M (-35.5%)
Ukraine-$8.67M (-61%)
Spain-$5.75M (-8.77%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
Indonesia $1.53B
In 2022, Chile's main importing competitors in Processed Crustaceans were:
United States $4.38B
Japan $2.15B
China $1.76B

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $17.5M
TOP IMPORT POTENTIALThailand+ $1.09M

Processed Crustaceans’s highest export potential is United States. With an export gap of $17.5M.   Processed Crustaceans’s highest import potential is Thailand with an import gap of $1.09M.

See methodology.

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