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2023
Exports $50.1MWorld Rnk 31 / 178
Flag Rnk 106 / 1133
2023
Destination $12.9M United States
2022 - 2023
FASTEST GROWING MARKET $12.9MUnited States
2023
PRODUCT COMPLEXITY IN Soups and Broths-0.55Rnk 719 / 1025
2023
Imports $18.3MWorld Rnk 46 / 224
Flag Rnk 438 / 1199
2023
Origin $3.49M United States
2022 - 2023
FASTEST GROWING ORIGIN $3.49MPeru
2023
ECONOMIC COMPLEXITY of Chile-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $50.1M in Soups and Broths, making it the 31st largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 106th most exported product in Chile. The main destination of Soups and Broths exports from Chile are: United States ($38.4M), Canada ($7.14M), Dominican Republic ($1.48M), Indonesia ($871k), and Peru ($594k).

The fastest growing export markets for Soups and Broths of Chile between 2022 and 2023 were United States ($12.9M), Dominican Republic ($552k), and Canada ($336k).

Imports In 2023, Chile imported $18.3M in Soups and Broths, becoming the 46th largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 438th most imported product in Chile. Chile imports Soups and Broths primarily from: United States ($9.01M), Peru ($5.35M), China ($926k), Brazil ($709k), and Poland ($586k).

The fastest growing import markets in Soups and Broths for Chile between 2022 and 2023 were Peru ($3.49M), United States ($1.8M), and China ($505k).

COMPANIES In 2023, leading companies such as Xerox (1) were at the forefront of shipping Soups and Broths from Chile to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Chile's Soups and Broths exports accounted up to $4.36M and imports accounted up to $306k, resulting in a positive trade balance of $4.05M. Between November 2023 and November 2024 the exports of Chile's   Soups and Broths have decreased by $-2.35M (-35%) from $6.71M to $4.36M, while imports decreased by $-41.3k (-11.9%) from $347k to $306k.

Destinations In November 2024, Soups and Broths were exported mostly to United States ($3.94M), Canada ($312k), Indonesia ($64.7k), Peru ($28.7k), and Costa Rica ($4.34k), and were imported mostly from United States ($191k), South Korea ($95.8k), China ($15.7k), Spain ($2.35k), and Japan ($639).

Growth In November 2024, the decrease in Soups and Broths's year-by-year exports was explained primarily by a decrease in exports to United States ($-121k or -7.32%), Mexico ($-71.5k or -91.2%), and Colombia ($-13.1k or -99.7%). In November 2024, the decrease in Soups and Broths's year-by-year imports was explained primarily by a decrease in imports from China ($-17.2k or -12.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-2.35M(-35%)
IMPORT GROWTH (November 2023 - November 2024)$-41.3k(-11.9%)
MAIN EXPORTER (November 2024)Maule$3.44M
MAIN DESTINATION (November 2024)United States$3.94M

This section shows Soups and Broths'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 Soups and Broths over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$50.1M
IMPORTS (2023)$18.3M
NET TRADE (2023)$31.8M

In 2023, Chile exported $50.1M in Soups and Broths. The main destinations of Chile exports on Soups and Broths were United States ($38.4M), Canada ($7.14M), Dominican Republic ($1.48M), Indonesia ($871k), and Peru ($594k).

In 2023, Chile imported $18.3M in Soups and Broths, mainly from United States ($9.01M), Peru ($5.35M), China ($926k), Brazil ($709k), and Poland ($586k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Chile WERE (2022 - 2023):
United States$12.9M (50.8%)
Dominican Republic$552k (59.3%)
Canada$336k (4.93%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Chile WERE (2022 - 2023):
Cuba-$191k (-91.8%)
Venezuela-$156k (-94.4%)
Dominica-$136k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Chile's main exporting competitors in Soups and Broths were:
United States $805M
Germany $264M
Spain $256M
In 2023, Chile's main importing competitors in Soups and Broths were:
United States $591M
Mexico $446M
Canada $327M

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $487k
TOP IMPORT POTENTIALChina+ $283k

Soups and Broths’s highest export potential is Mexico. With an export gap of $487k.   Soups and Broths’s highest import potential is China with an import gap of $283k.

See methodology.

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