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2022
Exports $2.27MWorld Rnk 72 / 135
Flag Rnk 448 / 1142
2022
Destination $1.51M Guatemala
2021 - 2022
FASTEST GROWING MARKET $1.51MGuatemala
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $274MWorld Rnk 15 / 215
Flag Rnk 68 / 1203
2022
Origin $62.7M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $62.7MArgentina
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $2.27M in Soybean Oil, making it the 72nd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 448th most exported product in Chile. The main destination of Soybean Oil exports from Chile are: Guatemala ($1.66M), Cuba ($436k), Peru ($151k), Chile ($18.5k), and Netherlands ($95).

The fastest growing export markets for Soybean Oil of Chile between 2021 and 2022 were Guatemala ($1.51M), Cuba ($436k), and Peru ($30.2k).

Imports In 2022, Chile imported $274M in Soybean Oil, becoming the 15th 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 ($244M), Bolivia ($24M), United States ($3.02M), Peru ($1.15M), and Brazil ($983k).

The fastest growing import markets in Soybean Oil for Chile between 2021 and 2022 were Argentina ($62.7M), Bolivia ($12.5M), and Peru ($1.03M).

Latest Trends

June 2024

About

Overview In June 2024 Chile's Soybean Oil exports accounted up to $841 and imports accounted up to $2.5M, resulting in a negative trade balance of $2.5M. Between March 2022 and June 2024 the exports of Chile's   Soybean Oil have decreased by $-81.1k (-99%) from $82k to $841, while imports increased by $2.14M (599%) from $357k to $2.5M.

Destinations In June 2024, Soybean Oil were exported mostly to , and were imported mostly from Argentina ($2.28M) and Chile ($217k).

Growth In June 2024, the decrease in Soybean Oil's year-by-year exports was explained primarily by a decrease in exports to . In July 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
Flow
Color
EXPORT GROWTH (March 2022 - June 2024)$-81.1k(-99%)
IMPORT GROWTH (July 2023 - July 2024)$2.14M(599%)
MAIN EXPORTER (June 2024)Quillota$91.6k
MAIN DESTINATION (June 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
EXPORTS (2022)$2.27M
IMPORTS (2022)$274M
NET TRADE (2022)-$272M

In 2022, Chile exported $2.27M in Soybean Oil. The main destinations of Chile exports on Soybean Oil were Guatemala ($1.66M), Cuba ($436k), Peru ($151k), Chile ($18.5k), and Netherlands ($95).

In 2022, Chile imported $274M in Soybean Oil, mainly from Argentina ($244M), Bolivia ($24M), United States ($3.02M), Peru ($1.15M), and Brazil ($983k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Guatemala$1.51M (970%)
Cuba$436k (1%)
Peru$30.2k (25%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Chile WERE (2021 - 2022):
Netherlands-$1.91M (-100%)
Malaysia-$77.1k (-100%)
Belgium-$120 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, Chile's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
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.

See methodology.

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