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2023
Exports $15.8MWorld Rnk 41 / 142
Flag Rnk 190 / 1133
2023
Destination $3.18M United States
2022 - 2023
FASTEST GROWING MARKET $3.18MUnited States
2023
PRODUCT COMPLEXITY IN Soybeans-1.67Rnk 968 / 1025
2023
Imports $39.5MWorld Rnk 51 / 193
Flag Rnk 304 / 1199
2023
Origin $17.6M Brazil
2022 - 2023
FASTEST GROWING ORIGIN $17.6MBrazil
2023
ECONOMIC COMPLEXITY of Chile-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $15.8M in Soybeans, making it the 41st largest exporter of Soybeans in the world. At the same year, Soybeans was the 190th most exported product in Chile. The main destination of Soybeans exports from Chile are: United States ($14.8M), Netherlands ($640k), Canada ($203k), France ($31.6k), and Paraguay ($19.2k).

The fastest growing export markets for Soybeans of Chile between 2022 and 2023 were United States ($3.18M), Netherlands ($441k), and Paraguay ($19.2k).

Imports In 2023, Chile imported $39.5M in Soybeans, becoming the 51st largest importer of Soybeans in the world. At the same year, Soybeans was the 304th most imported product in Chile. Chile imports Soybeans primarily from: Brazil ($17.6M), Argentina ($16M), Bolivia ($5.45M), United States ($310k), and Canada ($67.1k).

The fastest growing import markets in Soybeans for Chile between 2022 and 2023 were Brazil ($17.6M), Bolivia ($5.42M), and Anguilla ($26k).

Latest Trends

July 2024

About

Overview In July 2024 Chile's Soybeans exports accounted up to $70.2k and imports accounted up to $162k, resulting in a negative trade balance of $91.5k. Between March 2023 and July 2024 the exports of Chile's   Soybeans have increased by $61.9k (748%) from $8.28k to $70.2k, while imports decreased by $-4.41k (-2.66%) from $166k to $162k.

Destinations In July 2024, Soybeans were exported mostly to , and were imported mostly from United States ($91.9k), Argentina ($28.7k), Uruguay ($26.2k), Canada ($7.33k), and Austria ($3.88k).

Growth In July 2024, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - July 2024)$61.9k(748%)
IMPORT GROWTH (November 2023 - November 2024)$-4.41k(-2.66%)
MAIN EXPORTER (July 2024)Providencia$2.19M
MAIN DESTINATION (July 2024)

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$15.8M
IMPORTS (2023)$39.5M
NET TRADE (2023)-$23.8M

In 2023, Chile exported $15.8M in Soybeans. The main destinations of Chile exports on Soybeans were United States ($14.8M), Netherlands ($640k), Canada ($203k), France ($31.6k), and Paraguay ($19.2k).

In 2023, Chile imported $39.5M in Soybeans, mainly from Brazil ($17.6M), Argentina ($16M), Bolivia ($5.45M), United States ($310k), and Canada ($67.1k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Chile WERE (2022 - 2023):
United States$3.18M (27.3%)
Netherlands$441k (221%)
Paraguay$19.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Chile WERE (2022 - 2023):
Canada-$356k (-63.7%)
France-$125k (-79.8%)
Belgium-$80.1k (-82.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Chile's main exporting competitors in Soybeans were:
Brazil $53.1B
United States $27.2B
Paraguay $3.26B
In 2023, Chile's main importing competitors in Soybeans were:
China $56.6B
Argentina $5.41B
Japan $2.14B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $357k
TOP IMPORT POTENTIALUnited States+ $5.33M

Soybeans’s highest export potential is Netherlands. With an export gap of $357k.   Soybeans’s highest import potential is United States with an import gap of $5.33M.

See methodology.

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