Soybean Oil in Chile | The Observatory of Economic Complexity

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Exports In 2023, Chile exported $291k in Soybean Oil, making it the 93rd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 717th most exported product in Chile. The main destination of Soybean Oil exports from Chile are: Peru ($140k), Oman ($67.8k), Costa Rica ($58.1k), Cuba ($22.4k), and Netherlands ($1.78k).

The fastest growing export markets for Soybean Oil of Chile between 2022 and 2023 were Oman ($67.8k), Costa Rica ($58.1k), and Netherlands ($1.67k).

Imports In 2023, Chile imported $246M in Soybean Oil, becoming the 13th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 68th most imported product in Chile. Chile imports Soybean Oil primarily from: Argentina ($214M), Bolivia ($24.3M), Paraguay ($4.21M), Brazil ($2.13M), and United States ($1.25M).

The fastest growing import markets in Soybean Oil for Chile between 2022 and 2023 were Paraguay ($3.71M), Brazil ($984k), and Uruguay ($268k).

Latest Trends

September 2024

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Overview In September 2024 Chile's Soybean Oil exports accounted up to $101k and imports accounted up to $2.62M, resulting in a negative trade balance of $2.52M. Between May 2022 and September 2024 the exports of Chile's Soybean Oil have decreased by $-15.3k (-13.1%) from $117k to $101k, while imports increased by $2.06M (369%) from $558k to $2.62M.

Destinations In September 2024, Soybean Oil were exported mostly to , and were imported mostly from Argentina ($2.6M) and Chile ($19.2k).

Growth In September 2024, the decrease in Soybean Oil's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the increase in Soybean Oil's year-by-year imports was explained primarily by an increase in imports from Argentina ($362k or 56.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (May 2022 - September 2024)$-15.3k(-13.1%)

IMPORT GROWTH (November 2023 - November 2024)$2.06M(369%)

MAIN EXPORTER (September 2024)Las Condes$101k

MAIN DESTINATION (September 2024)

This section shows Soybean Oil'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 Soybean Oil over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$291k

IMPORTS (2023)$246M

NET TRADE (2023)-$246M

In 2023, Chile exported $291k in Soybean Oil. The main destinations of Chile exports on Soybean Oil were Peru ($140k), Oman ($67.8k), Costa Rica ($58.1k), Cuba ($22.4k), and Netherlands ($1.78k).

In 2023, Chile imported $246M in Soybean Oil, mainly from Argentina ($214M), Bolivia ($24.3M), Paraguay ($4.21M), Brazil ($2.13M), and United States ($1.25M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Exports

Imports

Starting

Ending

THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Chile WERE (2022 - 2023):

Oman$67.8k (1%)

Costa Rica$58.1k (1%)

Netherlands$1.67k (1.58k%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Chile WERE (2022 - 2023):

Guatemala-$1.86M (-100%)

Cuba-$390k (-94.6%)

Peru-$23.9k (-14.5%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

View

LinePlot

StackedArea

Flow

Export

Import

Type

Value

Share

In 2023, Chile's main exporting competitors in Soybean Oil were:

Argentina $4.39B

Brazil $2.6B

Netherlands $608M

In 2023, Chile's main importing competitors in Soybean Oil were:

India $3.59B

China $772M

Bangladesh $694M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Flow

Exports

Imports

View

World Map

Bar Chart

TOP EXPORT POTENTIALPeru+ $226k

TOP IMPORT POTENTIALBolivia+ $13.4M

Soybean Oil’s highest export potential is Peru. With an export gap of $226k. Soybean Oil’s highest import potential is Bolivia with an import gap of $13.4M.

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Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

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