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2023
Flag → Flag
Exports $802MRnk 17 / 183
2023
Flag → Flag
Top Product $282MRefined Copper
2023
Flag → Flag
Exports $1.42BRnk 59 / 219
2023
Flag → Flag
Top Product $125MHarvesting Machinery
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
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GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
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 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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GDP PC $17,068CURRENT US$
Rnk 68 / 195
2013-2023
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GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195
2023
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GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Chile-Italy Trade: In 2023, Chile exported $802M to Italy. The main products that Chile exported to Italy were Refined Copper ($282M), Other Nuts ($155M), and Halogens ($49.4M). Over the past 5 years the exports of Chile to Italy have decreased at an annualized rate of 1.99%, from $887M in 2018 to $802M in 2023.

In 2009, Chile exported services to Italy worth $30M, with Transportation ($30M) being the largest in terms of value.

Italy-Chile Trade: In 2023, Italy exported $1.42B to Chile. The main products that Italy exported to Chile were Harvesting Machinery ($125M), Washing and Bottling Machines ($49.3M), and Liquid Pumps ($36.4M). Over the past 5 years the exports of Italy to Chile have increased at an annualized rate of 2.01%,  from $1.28B in 2018 to $1.42B in 2023.

In 2020, Italy exported services to Chile worth $110M, with Other business services ($54.7M), Travel ($18.2M), and Computer and information services ($15M) 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Latest Trends

November, 2024

About

Overview In November 2024, Chile exported $55M and imported $107M from Italy, resulting in a negative trade balance of $52.4M. Between November 2023 and November 2024 the exports of Chile have decreased by $-16.9M (-23.6%) from $71.9M to $55M, while imports decreased by $-45.9M (-29.9%) from $153M to $107M.

Trade In November 2024, the top exports of Chile to Italy were Refined Copper ($48.2M), Other Nuts ($14.1M), Molybdenum Ore ($9.46M), Halogens ($4.32M), and Kaolin Coated Paper ($2.41M). In November 2024 the top imports of Chile from Italy were Cheese ($4.04M), Hair Products ($3.94M), Liquid Pumps ($3.9M), Eyewear ($3.77M), and Eyewear Frames ($2.9M).

Origins In November 2024 the exports of Chile were mainly from Santiago ($12.5M), Curicó ($11.2M), Las Condes ($11.2M), Catemu ($4M), and Hijuelas ($1.91M), while imports destinations were mainly Santiago ($25.7M), Las Condes ($17.1M), Huechuraba ($11.4M), Rancagua ($5.7M), and Providencia ($5.04M).

Growth In November 2024, the decrease in Chile's year-by-year exports to Italy was explained primarily by an decrease in product exports in Molybdenum Ore ($-3M or -24.1%), Tanned Equine and Bovine Hides ($-301k or -48.2%), and Jams ($-131k or -87.8%). In November 2024, the decrease in Chile's year-by-year imports  from Italy was explained primarily by an decrease in product imports  in Telephones ($-2.3M or -93.9%), Jewellery ($-1.59M or -65%), and Non-Knit Women's Suits ($-1.58M or -80.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$-16.9M(-23.6%)
IMPORT GROWTH (November 2023 - November 2024)$-45.9M(-29.9%)
MAIN EXPORTER (November 2024)Santiago$12.5M

This section shows exports and imports data at subnational level for Chile. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Chile over time.

To check Italy and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Chile Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $802M to Italy. The main products exported from Chile to Italy were Refined Copper ($282M), Other Nuts ($155M), and Halogens ($49.4M). During the last 5 years the exports of Chile to Italy have decreased at an annualized rate of 1.99%, from $887M in 2018 to $802M in 2023.

In 2018, Italy exported $1.42B to Chile. The main products exported from Italy to Chile were Harvesting Machinery ($125M), Washing and Bottling Machines ($49.3M), and Liquid Pumps ($36.4M). During the last 5 years the exports of Italy to Chile have increased at an annualized rate of 2.01%, from $1.28B in 2023 to $1.42B in 2018.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.2B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Chile than Italy included China ($38.2B), Bolivia ($1.36B), and Peru ($1.45B).

In 2023, countries that imported more from Italy than Chile included Germany ($71.4B), France ($61.1B), and United States ($70.9B).

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

Comparative Advantage Chile - Italy

Flow
Scale

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

During 2023, Chile had a large net trade with Italy in the exports of Metals ($283M), Vegetable Products ($250M), and Chemical Products ($63.7M).

During 2018, Italy had a large net trade with Chile in the exports of Machines ($749M), Chemical Products ($162M), and Plastics and Rubbers ($72.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Italy+$81.5MRefined Copper
Top Product Potential Italy Chile+$23.9MCars

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

Chl Year

In 2009, Chile exported services to Italy worth $30M, with Transportation ($30M) being the largest in terms of value.

In 2020, Italy exported services to Chile worth $110M, with Other business services ($54.7M), Travel ($18.2M), and Computer and information services ($15M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Chile (Flag) to Italy (Flag) (2009)

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

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

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