Insulated Wire in Chile | The Observatory of Economic Complexity

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Exports In 2022, Chile exported $46.3M in Insulated Wire, making it the 81st largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 106th most exported product in Chile. The main destination of Insulated Wire exports from Chile are: Ecuador ($17.4M), Peru ($6.75M), Colombia ($4.26M), Dominican Republic ($2.15M), and Panama ($1.92M).

The fastest growing export markets for Insulated Wire of Chile between 2021 and 2022 were Colombia ($2.91M), Ecuador ($2.68M), and Dominican Republic ($2M).

Imports In 2022, Chile imported $470M in Insulated Wire, becoming the 54th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 32nd most imported product in Chile. Chile imports Insulated Wire primarily from: China ($199M), Spain ($94.9M), Brazil ($39.7M), United States ($26.9M), and Germany ($12M).

The fastest growing import markets in Insulated Wire for Chile between 2021 and 2022 were Peru ($8.2M), Brazil ($7.3M), and Argentina ($3.98M).

COMPANIES In 2023, leading companies such as STARTECH.COM USA LLP (3) and GOODYEAR TIRE & RUBBER CO. (1) were at the forefront of shipping Insulated Wire from Chile to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Chile's Insulated Wire exports accounted up to $1.85M and imports accounted up to $71.2M, resulting in a negative trade balance of $69.3M. Between February 2023 and February 2024 the exports of Chile's Insulated Wire have decreased by $-2.21M (-54.5%) from $4.06M to $1.85M, while imports increased by $2.26M (3.27%) from $68.9M to $71.2M.

Destinations In February 2024, Insulated Wire were exported mostly to Ecuador ($908k), Dominican Republic ($166k), Colombia ($159k), Panama ($149k), and Peru ($141k), and were imported mostly from United States ($29M), Switzerland ($8.97M), Sweden ($7.16M), China ($5.04M), and Belgium ($4.85M).

Growth In February 2024, the decrease in Insulated Wire's year-by-year exports was explained primarily by a decrease in exports to Ecuador ($-680k or -47%), Peru ($-132k or -13.4%), and United States ($-37.1k or -50.2%). In February 2024, the increase in Insulated Wire's year-by-year imports was explained primarily by an increase in imports from United States ($7.98M or 31.3%), Belgium ($1.4M or 93%), and Canada ($1.09M or 225%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-2.21M(-54.5%)

IMPORT GROWTH (February 2023 - February 2024)$2.26M(3.27%)

MAIN EXPORTER (February 2024)Cerrillos$5.59M

MAIN DESTINATION (February 2024)Ecuador$908k

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$46.3M

IMPORTS (2022)$470M

NET TRADE (2022)-$424M

In 2022, Chile exported $46.3M in Insulated Wire. The main destinations of Chile exports on Insulated Wire were Ecuador ($17.4M), Peru ($6.75M), Colombia ($4.26M), Dominican Republic ($2.15M), and Panama ($1.92M).

In 2022, Chile imported $470M in Insulated Wire, mainly from China ($199M), Spain ($94.9M), Brazil ($39.7M), United States ($26.9M), and Germany ($12M).

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