2023
Flag  
GDP
$885BCURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 125 / 195
2023
Flag
 GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC 
$99,565CURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP PC GROWTH
14%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC
$17,068CURRENT US$
Rnk 68 / 196
2013-2023
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GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195

About

Switzerland-Chile Trade: In 2023, Switzerland exported $313M to Chile. The main products that Switzerland exported to Chile were Vaccines, blood, antisera, toxins and cultures ($74.9M), Packaged Medicaments ($47.8M), and Orthopedic Appliances ($16.5M). Over the past 5 years the exports of Switzerland to Chile have increased at an annualized rate of 1.7%, from $288M in 2018 to $313M in 2023.

In 2019, Switzerland exported services to Chile worth $235M, with Insurance services ($79.7M), Royalties and license fees ($78.9M), and Financial services ($44.1M) being the largest in terms of value.

Chile-Switzerland Trade: In 2023, Chile exported $720M to Switzerland. The main products that Chile exported to Switzerland were Gold ($596M), Silver ($60.7M), and Platinum ($10.4M). Over the past 5 years the exports of Chile to Switzerland have increased at an annualized rate of 3.28%,  from $556M in 2018 to $720M in 2023.

In 2009, Chile exported services to Switzerland worth $136M, with Transportation ($132M) and Other business services ($4.36M) being the largest in terms of value.

Comparison: In 2023,  Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Switzerland exported $313M to Chile. The main products exported from Switzerland to Chile were Vaccines, blood, antisera, toxins and cultures ($74.9M), Packaged Medicaments ($47.8M), and Orthopedic Appliances ($16.5M). During the last 5 years the exports of Switzerland to Chile have increased at an annualized rate of 1.7%, from $288M in 2018 to $313M in 2023.

In 2018, Chile exported $720M to Switzerland. The main products exported from Chile to Switzerland were Gold ($596M), Silver ($60.7M), and Platinum ($10.4M). During the last 5 years the exports of Chile to Switzerland have increased at an annualized rate of 3.28%, from $556M in 2023 to $720M in 2018.

Exports from Switzerland (Flag) to Chile (Flag) (2023)

Exports from Chile (Flag) to Switzerland (Flag) (2023)

Latest Data

Trade between Switzerland (Flag) and Chile (Flag)

Switzerland Exports

Chile Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
Chile
Top Destination
China$38.2B

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

In 2023, countries that imported more from Switzerland than Chile included Germany ($53.8B), United States ($45.1B), and Turkey ($19.3B).

In 2023, countries that imported more from Chile than Switzerland included South Korea ($6.02B), Brazil ($4.4B), and Peru ($1.45B).

Difference in imports from Chile (Flag) and Switzerland (Flag) (2023)

Comparative Advantage Switzerland - Chile

Flow
Scale

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

During 2023, Switzerland had a large net trade with Chile in the exports of Chemical Products ($148M), Instruments ($60.5M), and Machines ($50.6M).

During 2018, Chile had a large net trade with Switzerland in the exports of Precious Metals ($667M), Vegetable Products ($30.7M), and Foodstuffs ($6.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Switzerland Chile+$32.7MPackaged Medicaments
Top Product Potential Chile Switzerland+$6.51MWine

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Switzerland and Chile. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Switzerland.

Product Space of Switzerland (Flag) and Chile (Flag) (2023)

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