Other Vegetable Oils in Chile | The Observatory of Economic Complexity

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Exports In 2022, Chile exported $56.3M in Other Vegetable Oils, making it the 17th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 93rd most exported product in Chile. The main destination of Other Vegetable Oils exports from Chile are: United States ($18.6M), Netherlands ($12.5M), South Korea ($5.8M), Peru ($3.32M), and Japan ($2.62M).

The fastest growing export markets for Other Vegetable Oils of Chile between 2021 and 2022 were Netherlands ($2.11M), South Korea ($1.8M), and China ($1.74M).

Imports In 2022, Chile imported $48.4M in Other Vegetable Oils, becoming the 33rd largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 303rd most imported product in Chile. Chile imports Other Vegetable Oils primarily from: Malaysia ($15.3M), Peru ($11.6M), Ecuador ($7.93M), Argentina ($6.91M), and Indonesia ($2.5M).

The fastest growing import markets in Other Vegetable Oils for Chile between 2021 and 2022 were Malaysia ($7.32M), Peru ($5.04M), and Argentina ($4.13M).

Latest Trends

February 2024

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Overview In February 2024 Chile's Other Vegetable Oils exports accounted up to $3.02M and imports accounted up to $652k, resulting in a positive trade balance of $2.37M. Between February 2023 and February 2024 the exports of Chile's Other Vegetable Oils have increased by $1.35M (81%) from $1.67M to $3.02M, while imports increased by $73.8k (12.7%) from $579k to $652k.

Destinations In February 2024, Other Vegetable Oils were exported mostly to United States ($1.98M), Turkey ($565k), Peru ($153k), Ecuador ($153k), and Argentina ($139k), and were imported mostly from Malaysia ($255k), Ecuador ($214k), Colombia ($109k), Argentina ($55.5k), and France ($5.78k).

Growth In February 2024, the increase in Other Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to Turkey ($530k or 244%), United States ($502k or 28.4%), and Peru ($353k or 296%). In February 2024, the increase in Other Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from Ecuador ($65.5k or 127%), Colombia ($19.5k or 145%), and Germany ($655 or 798%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$1.35M(81%)

IMPORT GROWTH (February 2023 - February 2024)$73.8k(12.7%)

MAIN EXPORTER (February 2024)Arica$5.21M

MAIN DESTINATION (February 2024)United States$1.98M

This section shows Other Vegetable Oils'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 Other Vegetable Oils over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$56.3M

IMPORTS (2022)$48.4M

NET TRADE (2022)$7.9M

In 2022, Chile exported $56.3M in Other Vegetable Oils. The main destinations of Chile exports on Other Vegetable Oils were United States ($18.6M), Netherlands ($12.5M), South Korea ($5.8M), Peru ($3.32M), and Japan ($2.62M).

In 2022, Chile imported $48.4M in Other Vegetable Oils, mainly from Malaysia ($15.3M), Peru ($11.6M), Ecuador ($7.93M), Argentina ($6.91M), and Indonesia ($2.5M).

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