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2022
Exports $8.08MWorld Rnk 44 / 139
Flag Rnk 268 / 1142
2022
Destination $297k United States
2021 - 2022
FASTEST GROWING MARKET $297kFrance
2022
PRODUCT COMPLEXITY IN Soybeans-1.62Rnk 963 / 1025
2022
Imports $37.6MWorld Rnk 49 / 200
Flag Rnk 346 / 1203
2022
Origin $42.9k Argentina
2021 - 2022
FASTEST GROWING ORIGIN $42.9kCanada
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $8.08M in Soybeans, making it the 44th largest exporter of Soybeans in the world. At the same year, Soybeans was the 268th most exported product in Chile. The main destination of Soybeans exports from Chile are: United States ($6.78M), Canada ($477k), France ($377k), Netherlands ($336k), and Belgium ($80.4k).

The fastest growing export markets for Soybeans of Chile between 2021 and 2022 were France ($297k), Canada ($257k), and Belgium ($78k).

Imports In 2022, Chile imported $37.6M in Soybeans, becoming the 49th largest importer of Soybeans in the world. At the same year, Soybeans was the 346th most imported product in Chile. Chile imports Soybeans primarily from: Argentina ($32.1M), United States ($5.28M), Canada ($85.5k), China ($40.2k), and New Zealand ($30.4k).

The fastest growing import markets in Soybeans for Chile between 2021 and 2022 were Canada ($42.9k), New Zealand ($30.4k), and Bolivia ($27.5k).

Latest Trends

July 2024

About

Overview In July 2024 Chile's Soybeans exports accounted up to $70.2k and imports accounted up to $244k, resulting in a negative trade balance of $174k. 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 increased by $18.6k (8.26%) from $225k to $244k.

Destinations In July 2024, Soybeans were exported mostly to , and were imported mostly from Uruguay ($130k), Argentina ($111k), United States ($1.42k), Austria ($951), and Canada ($673).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - July 2024)$61.9k(748%)
IMPORT GROWTH (September 2023 - September 2024)$18.6k(8.26%)
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 (2022)$8.08M
IMPORTS (2022)$37.6M
NET TRADE (2022)-$29.5M

In 2022, Chile exported $8.08M in Soybeans. The main destinations of Chile exports on Soybeans were United States ($6.78M), Canada ($477k), France ($377k), Netherlands ($336k), and Belgium ($80.4k).

In 2022, Chile imported $37.6M in Soybeans, mainly from Argentina ($32.1M), United States ($5.28M), Canada ($85.5k), China ($40.2k), and New Zealand ($30.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Chile WERE (2021 - 2022):
France$297k (371%)
Canada$257k (117%)
Belgium$78k (3.35k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Chile WERE (2021 - 2022):
United States-$7.79M (-53.5%)
Netherlands-$82.7k (-19.8%)
Spain-$23k (-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 Soybeans were:
Brazil $47.2B
United States $34.6B
Argentina $3.25B
In 2022, Chile's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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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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