2022
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GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH
12.7%CURRENT US$
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2022
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 GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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GDP PC 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
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GDP PC GROWTH
-0.33%CURRENT US$
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2022
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GDP PC
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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About

Chile-Finland Trade: In 2022, Chile exported $94.2M to Finland. The main products that Chile exported to Finland were Inedible Fats and Oils ($24.6M), Copper Ore ($22.1M), and Wine ($17.6M). Over the past 5 years the exports of Chile to Finland have decreased at an annualized rate of 17.9%, from $253M in 2017 to $94.2M in 2022.

In 2022, Chile did not export any services to Finland.

Finland-Chile Trade: In 2022, Finland exported $335M to Chile. The main products that Finland exported to Chile were Other Uncoated Paper ($26.2M), Kraft Paper ($24M), and Mixed Mineral or Chemical Fertilizers ($17.7M). Over the past 5 years the exports of Finland to Chile have increased at an annualized rate of 2.05%,  from $279M in 2017 to $335M in 2022.

In 2020, Finland exported services to Chile worth $112M, with Other business services ($73.1M), Computer and information services ($35.4M), and Transportation ($2.28M) being the largest in terms of value.

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $94.2M to Finland. The main products exported from Chile to Finland were Inedible Fats and Oils ($24.6M), Copper Ore ($22.1M), and Wine ($17.6M). During the last 5 years the exports of Chile to Finland have decreased at an annualized rate of 17.9%, from $253M in 2017 to $94.2M in 2022.

In 2017, Finland exported $335M to Chile. The main products exported from Finland to Chile were Other Uncoated Paper ($26.2M), Kraft Paper ($24M), and Mixed Mineral or Chemical Fertilizers ($17.7M). During the last 5 years the exports of Finland to Chile have increased at an annualized rate of 2.05%, from $279M in 2022 to $335M in 2017.

Exports from Chile (Flag) to Finland (Flag) (2022)

Exports from Finland (Flag) to Chile (Flag) (2022)

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Finland
Top Destination
Germany$9.99B

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

In 2022, countries that imported more from Chile than Finland included China ($38.5B), Japan ($7.43B), and South Korea ($6.13B).

In 2022, countries that imported more from Finland than Chile included Sweden ($9.1B), Germany ($9.99B), and Netherlands ($5.88B).

Difference in imports from Finland (Flag) and Chile (Flag) (2022)

Comparative Advantage Chile - Finland

Flow
Scale

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

During 2022, Chile had a large net trade with Finland in the exports of Mineral Products ($37.4M), Animal and Vegetable Bi-Products ($24.6M), and Foodstuffs ($19.4M).

During 2017, Finland had a large net trade with Chile in the exports of Machines ($156M), Paper Goods ($71.1M), and Chemical Products ($29.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Finland+$15.9MCopper Ore
Top Product Potential Finland Chile+$5.46MDelivery Trucks

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, Finland exported services to Chile worth $112M, with Other business services ($73.1M), Computer and information services ($35.4M), and Transportation ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (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 Finland. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Chile.

Product Space of Chile (Flag) and Finland (Flag) (2022)

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