2023
Flag  
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
$514BCURRENT US$
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2013-2023
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GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
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GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
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GDP PC
$52,642CURRENT US$
Rnk 24 / 196
2013-2023
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GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195

About

Chile-Israel Trade: In 2023, Chile exported $152M to Israel. The main products that Chile exported to Israel were Fish Fillets ($101M), Sulfate Chemical Woodpulp ($20.1M), and Nitrites and Nitrates ($5.6M). Over the past 5 years the exports of Chile to Israel have decreased at an annualized rate of 3.39%, from $180M in 2018 to $152M in 2023.

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

Israel-Chile Trade: In 2023, Israel exported $105M to Chile. The main products that Israel exported to Chile were Audio Alarms ($15M), Pesticides ($9.68M), and Medical Instruments ($5.22M). Over the past 5 years the exports of Israel to Chile have decreased at an annualized rate of 4.16%,  from $130M in 2018 to $105M in 2023.

In 2012, Israel exported services to Chile worth $4.53M, with Computer and information services ($4.53M) 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, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $152M to Israel. The main products exported from Chile to Israel were Fish Fillets ($101M), Sulfate Chemical Woodpulp ($20.1M), and Nitrites and Nitrates ($5.6M). During the last 5 years the exports of Chile to Israel have decreased at an annualized rate of 3.39%, from $180M in 2018 to $152M in 2023.

In 2018, Israel exported $105M to Chile. The main products exported from Israel to Chile were Audio Alarms ($15M), Pesticides ($9.68M), and Medical Instruments ($5.22M). During the last 5 years the exports of Israel to Chile have decreased at an annualized rate of 4.16%, from $130M in 2023 to $105M in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Israel
Top Destination
United States$20.3B

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

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

In 2023, countries that imported more from Israel than Chile included United States ($20.3B), Ireland ($4.22B), and Egypt ($2.23B).

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

Comparative Advantage Chile - Israel

Flow
Scale

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

During 2023, Chile had a large net trade with Israel in the exports of Animal Products ($106M), Paper Goods ($20.2M), and Vegetable Products ($12.3M).

During 2018, Israel had a large net trade with Chile in the exports of Machines ($46.1M), Chemical Products ($20.5M), and Instruments ($14.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Israel+$1.55MNon-fillet Frozen Fish
Top Product Potential Israel Chile+$6.34MTelephones

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 Chile and Israel. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Chile.

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

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