who is chile’s biggest trade partner course hero

Who are Chile’s 5 biggest trading partners?

That dollar amount reflects a 36.4% increase from 2017 to 2021 and a 33% uptick from 2020 to 2021. The 5 biggest trading partners for Chile during 2021 was a diversified subset of countries: mainland China, United States of America, Japan, South Korea and Brazil.

Who are Chile’s 5 biggest importers?

The 5 biggest trading partners for Chile during 2021 was a diversified subset of countries: mainland China, United States of America, Japan, South Korea and Brazil. Collectively, that cohort of leading importers accounted for almost three-quarters (72.7%) of Chile’s total exports.

How much was Chile’s trade surplus in 2021?

Overall Chile earned a $2.8 billion trade surplus in 2021, down -77.1% from the $12.2 billion in black ink for 2020. Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.

What does Chile export and import data look like?

Overview In August 2021 Chile exported $8.55B and imported $6.64B, resulting in a positive trade balance of $1.91B. Between August 2020 and August 2021 the exports of Chile have increased by $3.18B (59.3%) from $5.37B to $8.55B, while imports increased by $2.74B (70.2%) from $3.9B to $6.64B.

Who are Chile's main trading partners?

In 2019, Chile major trading partner countries for exports were China, United States, Japan, Korea, Rep. and Brazil and for imports they were China, United States, Brazil, Argentina and Germany.

Who are the major players in international trade?

The top five traders, measured as the sum of exports and imports of merchandise trade, in 2017 remained the same: China, the United States, Germany, Japan and the Netherlands (see Chart 5.1). On the import side, the United Kingdom moved ahead of the Netherlands into fifth place.

Which country has highest share in world trade?

The United States had the highest share of global imports for the other five categories.

Which country is mainly used for international trade?

Largest countries or regions by total international tradeRankStateTotal international trade of goods and services (billions of USD)–European Union5,4251United States4,9212China4,3423Germany3,36619 more rows

What is the highest complexity export in Chile?

The highest complexity exports of Chile according to the product complexity index (PCI) are Paper, board, clay, inorganic coated at least one side (0.9), Meat of swine, fresh, chilled or frozen (0.85), Woven fabric of combed wool or fine animal hair (0.6), Polymers, natural, modified nes, in primary forms (0.59), and Pig and poultry fat, unrendered (0.58). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

What is Chile's specialization?

Chile has a high level of specialization in Halogens (102), Copper Ore (78.3), Molybdenum Ore (72.3), Pitted Fruits (67.6), and Nitrites and Nitrates (60.9). Specialization is measured using RCA, an index that takes the ratio between Chile observed and expected exports in each product.

What does higher relatedness mean in Chile?

These are products that tend to be co-exported with the products that Chile exports. Higher relatedness values ​​indicate greater knowledge , which predicts a greater probability of exporting that product in the future.

What services did Chile import in 2019?

The top services imported by Chile in 2019 were Transportation ($4.9B), Other business services ($3B), Personal travel ($2.14B), Royalties and license fees ($1.76B), and Financial services ($894M).

What is the top import of Chile in 2019?

Top Origin (2019) : China. , $15.9B. In 2019 Chile imported $67B, making it the number 45 trade destination in the world. During the last five reported years the imports of Chile changed by -$293M from $67.2B in 2014 to $67B in 2019.

What countries export Chile?

The most common destination for the exports of Chile are China ($22.6B), United States ($9.74B), Japan ($6.38B), South Korea ($4.71B), and Brazil ($3.17B). Explore Visualizations.

How much did Chile export in 2021?

Between April 2020 and April 2021 the exports of Chile have increased by $2.02B (34.9%) from $5.78B to $7.8B, while imports increased by $1.39B (36%) from $3.85B to $5.24B.