Chile, known for its vibrant trade sector, plays a notable role in the tapioca starch market.
Chile’s Tapioca Starch Exports
In 2021, Chile exported a total of $1.72 thousand worth of tapioca starch, securing the country’s position as the 82nd largest exporter of this product worldwide. Tapioca starch itself ranked 3370th among Chile’s exported goods during the same year. The main destination for Chile’s tapioca starch exports was Brazil, accounting for the entire export value.
It is important to note that Brazil experienced the fastest-growing market for Chile’s tapioca starch exports between the undisclosed previous period and 2021, reaching a value of $1.72 thousand. This indicates the strengthening trade relationship between Chile and Brazil in the tapioca starch sector.
Chile’s export figures demonstrate the country’s involvement in the global tapioca starch market and highlight its potential to expand trade partnerships and increase export volumes in the future.
Chile’s Tapioca Starch Imports
In 2021, Chile imported a significant $2.4 million worth of tapioca starch, positioning itself as the 29th largest importer of this product worldwide. Tapioca starch ranked 2105th among Chile’s imported goods in the same year.
The primary sources of Chile’s tapioca starch imports were Paraguay, accounting for approximately $1.84 million, followed by Brazil with $432 thousand, and Colombia with $91 thousand. Other notable sources included Thailand ($32.6 thousand) and Austria ($3.58 thousand).
Notably, Paraguay experienced the fastest-growing import market for tapioca starch in Chile between 2020 and 2021, with an increase of $864 thousand. Brazil and Austria also saw significant growth in import volumes, amounting to $428 thousand and $3.58 thousand, respectively.
These import figures reflect Chile’s increasing demand for tapioca starch and its reliance on neighboring countries and international suppliers to meet that demand. It underscores the significance of tapioca starch as an essential ingredient in Chile’s various industries.
Chile’s Tapioca Starch Tariffs
In 2018, Chile had an average tariff rate of 3.55% for tapioca starch imports. This tariff rate reflects the customs duties imposed on imported tapioca starch. Among the countries with the highest import tariffs for tapioca starch were Botswana, Cote d’Ivoire, Cameroon, Democratic Republic of the Congo, and Cape Verde, all with a Most Favoured Nation duty rate treatment of 6%.
Data from BACI