2023
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GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
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GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
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 GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
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GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
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GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
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GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
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GDP PC
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
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GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

Chile-Denmark Trade: In 2023, Chile exported $196M to Denmark. The main products that Chile exported to Denmark were Fish Oil ($47.5M), Vegetable Saps ($29.6M), and Wine ($28.3M). Over the past 5 years the exports of Chile to Denmark have decreased at an annualized rate of 4.87%, from $251M in 2018 to $196M in 2023.

In 2023, Chile did not export any services to Denmark.

Denmark-Chile Trade: In 2023, Denmark exported $378M to Chile. The main products that Denmark exported to Chile were Packaged Medicaments ($116M), Passenger and Cargo Ships ($80.9M), and Vaccines, blood, antisera, toxins and cultures ($17.9M). Over the past 5 years the exports of Denmark to Chile have increased at an annualized rate of 12.9%,  from $206M in 2018 to $378M in 2023.

In 2020, Denmark exported services to Chile worth $238M, with Transportation ($215M), Computer and information services ($8M), and Other business services ($4.91M) being the largest in terms of value.

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $196M to Denmark. The main products exported from Chile to Denmark were Fish Oil ($47.5M), Vegetable Saps ($29.6M), and Wine ($28.3M). During the last 5 years the exports of Chile to Denmark have decreased at an annualized rate of 4.87%, from $251M in 2018 to $196M in 2023.

In 2018, Denmark exported $378M to Chile. The main products exported from Denmark to Chile were Packaged Medicaments ($116M), Passenger and Cargo Ships ($80.9M), and Vaccines, blood, antisera, toxins and cultures ($17.9M). During the last 5 years the exports of Denmark to Chile have increased at an annualized rate of 12.9%, from $206M in 2023 to $378M in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Denmark
Top Destination
Germany$14.8B

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

In 2023, countries that imported more from Chile than Denmark included China ($38.2B), South Korea ($6.02B), and Japan ($7.1B).

In 2023, countries that imported more from Denmark than Chile included Germany ($14.8B), Sweden ($11.2B), and Netherlands ($7.89B).

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

Comparative Advantage Chile - Denmark

Flow
Scale

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

During 2023, Chile had a large net trade with Denmark in the exports of Foodstuffs ($47.6M), Animal and Vegetable Bi-Products ($47.6M), and Vegetable Products ($42M).

During 2018, Denmark had a large net trade with Chile in the exports of Chemical Products ($158M), Transportation ($85.6M), and Machines ($80.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Denmark+$4.44MFish Fillets
Top Product Potential Denmark Chile+$15.2MPackaged Medicaments

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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Bilateral Service Trade

In 2020, Denmark exported services to Chile worth $238M, with Transportation ($215M), Computer and information services ($8M), and Other business services ($4.91M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark (Flag) to Chile (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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