Flag Brazil / Chile Flag

Exports FlagFlag  (2018): $6.45B, Rnk 5 / 216

Top Product FlagFlag (2018): $2.07B, Crude Petroleum

Exports FlagFlag (2018): $3.39B, Rnk 5 / 180

Top Product FlagFlag (2018): $1.02B, Refined Copper

Economic Complexity of Flag (2018): ECI 0.62, Rnk 39 / 137

Economic Complexity of Flag (2018): ECI -0.12, Rnk 74 / 137

GDP Flag (2018): $1.87T, CURRENT US$
Rnk 9 / 196

GDP GROWTH Flag (2008-2018): 10.2%, CURRENT US$
Rnk 143 / 196

GDP Flag (2018): $298B, CURRENT US$
Rnk 40 / 196

GDP GROWTH Flag (2008-2018): 66%, CURRENT US$
Rnk 60 / 196

GDP PC Flag (2018): $8,921, CURRENT US$
Rnk 82 / 196

GDP PC GROWTH Flag (2008-2018): 1.02%, CURRENT US$
Rnk 141 / 196

GDP PC Flag (2018): $15,923, CURRENT US$
Rnk 59 / 196

GDP PC GROWTH Flag (2008-2018): 48.1%, CURRENT US$
Rnk 48 / 196

Brazil-Chile: In 2018, Brazil exported $6.45B to Chile. The main products exported from Brazil to Chile were Crude Petroleum ($2.07B), Bovine Meat ($393M), and Cars ($370M). During the last 23 years the exports of Brazil to Chile have increased at an annualized rate of 7.53%, from $1.22B in 1995 to $6.45B in 2018.

Chile-Brazil: In 2018, Chile exported $3.39B to Brazil. The main products exported from Chile to Brazil were Refined Copper ($1.02B), Non-fillet Fresh Fish ($507M), and Copper Ore ($360M). During the last 23 years the exports of Chile to Brazil have increased at an annualized rate of 4.89%, from $1.13B in 1995 to $3.39B in 2018. In 2009, Chile exported services to Brazil worth $690M, with Transportation ($472M), Travel ($205M), and Other business services ($12.9M) being the largest in terms of value.

Comparison: In 2018, Brazil ranked 39 in the Economic Complexity Index (ECI 0.62), and 25 in total exports ($242B). That same year, Chile ranked 74 in the Economic Complexity Index (ECI -0.12), and 43 in total exports ($76.7B). In terms of GDP Per Capita, Brazil was ranked 82 with a GDP Per Capita of $8,921, and Chile was ranked 59 with a GDP Per Capita of $15,923.

Bilateral Trade by Products

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Depth
Value

In 2018, Brazil exported $6.45B to Chile. The main products exported from Brazil to Chile were Crude Petroleum ($2.07B), Bovine Meat ($393M), and Cars ($370M). During the last 23 years the exports of Brazil to Chile have increased at an annualized rate of 7.53%, from $1.22B in 1995 to $6.45B in 2018.

In 2018, Chile exported $3.39B to Brazil. The main products exported from Chile to Brazil were Refined Copper ($1.02B), Non-fillet Fresh Fish ($507M), and Copper Ore ($360M). During the last 23 years the exports of Chile to Brazil have increased at an annualized rate of 4.89%, from $1.13B in 1995 to $3.39B in 2018.

Market Competitiveness

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Measure

Brazil
Top Destination
: China, $64.3B

Chile
Top Destination
: China, $25.3B

This map shows whether countries import more from Brazil or Chile. Each country is colored based on the difference in imports they receive from Brazil and Chile or the difference in the growth in imports.

In 2018, countries that imported more from Brazil than Chile were China ($64.3B), United States ($29.3B), and Argentina ($15B).

In 2018, countries that imported more from Chile than Brazil were Japan ($7.06B), South Korea ($4.39B), and Chinese Taipei ($1.33B).

Comparative Advantage Brazil - Chile

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Depth

This chart compares trade between Brazil and Chile by product, considering products traded by both, Brazil and Chile.

During 2018, Brazil had a large net trade with Chile in the exports of Mineral Products ($2.09B), Transportation ($1.32B), and Animal Products ($657M).

During 2018, Chile had a large net trade with Brazil in the exports of Metals ($1.26B), Animal Products ($613M), and Mineral Products ($475M).

Tariff Section

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This sections shows import tariffs for products traded between Brazil and Chile (using the HS6 product classification and the last year reported).

In 2018, the products from Brazil that paid the highest import tariffs to enter Chile were Peaches, otherwise prepared or preserved (25.2%) and Tomato ketchup and other tomato sauces (12.2%).

In 2018, the products from Chile that paid the highest import tariffs to enter Brazil were Extracts, essences and concentrates: of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee (5.28%) and Horses: live, pure-bred breeding animals (0%).

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*The tariffs present between Brazil and Chile are:
23: AAP.AG N° 02 - Acuerdo de Alcance Parcial para la Liberación y Expansión del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
35: AAP.CE N° 35 - Complementación Económica entre MERCOSUR y Chile
35: AAP.CE N° 35 - Complementación Económica entre MERCOSUR y Chile
82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)
83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries

Trade Forecasts

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This section shows a forecast for total trade between Brazil and Chile. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2009, Chile exported services to Brazil worth $690M, with Transportation ($472M), Travel ($205M), and Other business services ($12.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Brazil has comparative advantage over Chile. Similarly, the more red a dot/product is, the more Chile has comparative advantage over Brazil.