Increasing due to rising demand for cleaner fuel blends in Chile
Special Rates
Preferential Rate under US-Chile Free Trade Agreement
0%
Applicable to imports from the United States under the US-Chile FTA, provided proper documentation and origin certification are submitted.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases RBOB Exports to Chile Amid Rising Demand
Recent data shows a significant uptick in Reformulated Blendstock for Oxygenate Blending (RBOB) exports from the United States to Chile, driven by increased demand for cleaner fuel blends in Chilean urban areas.
2023-10-15
Impact: This surge in exports strengthens trade ties under the US-Chile Free Trade Agreement, potentially increasing revenue for US refiners while supporting Chile’s environmental goals.
Chilean Refinery Upgrades Boost RBOB Import Needs from US
Chile’s ongoing refinery modernization projects have temporarily reduced domestic production capacity, leading to higher imports of RBOB from the United States to meet fuel standards and demand.
2023-09-22
Impact: Short-term increase in US RBOB exports to Chile, likely to taper off once Chilean refineries complete upgrades, affecting trade volume projections for 2024.
During recent bilateral trade discussions, both nations emphasized the importance of stable RBOB supply chains, with the US committing to consistent export levels to Chile amidst global fuel market volatility.
2023-08-30
Impact: Reinforces reliability of US as a key supplier, potentially leading to long-term contracts and steadier trade flows of RBOB between the two countries.
Policy Updates
Chile Updates Fuel Import Standards
Chile has introduced stricter environmental regulations on fuel imports, mandating lower sulfur content in RBOB to align with international clean air standards, affecting import specifications from the US.
Date: 2023-07-10
US-Chile Free Trade Agreement Review
A periodic review of the US-Chile Free Trade Agreement reaffirmed zero tariffs on RBOB trade, ensuring cost advantages for Chilean importers and maintaining competitive pricing for US exporters.
