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2022
Flag → Flag
Exports $680MRnk 20 / 185
2022
Flag → Flag
Top Product $248MRefined Copper
2022
Flag → Flag
Exports $1.34BRnk 60 / 221
2022
Flag → Flag
Top Product $58.8MHarvesting Machinery
2022
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Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
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$
Rnk 144 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Chile-Italy Trade: In 2022, Chile exported $680M to Italy. The main products that Chile exported to Italy were Refined Copper ($248M), Other Nuts ($110M), and Molybdenum Ore ($54.1M). Over the past 5 years the exports of Chile to Italy have decreased at an annualized rate of 6.13%, from $934M in 2017 to $680M in 2022.

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

Italy-Chile Trade: In 2022, Italy exported $1.34B to Chile. The main products that Italy exported to Chile were Harvesting Machinery ($58.8M), Washing and Bottling Machines ($52.9M), and Liquid Pumps ($36.7M). Over the past 5 years the exports of Italy to Chile have increased at an annualized rate of 2.93%,  from $1.16B in 2017 to $1.34B in 2022.

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 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

June, 2024

About

Overview In June 2024, Chile exported $104M and imported $83.8M from Italy, resulting in a positive trade balance of $19.8M. Between June 2023 and June 2024 the exports of Chile have increased by $21.8M (26.6%) from $81.9M to $104M, while imports increased by $5.5M (7.02%) from $78.3M to $83.8M.

Trade In June 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 June 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 June 2024 the exports of Chile were mainly from Las Condes ($32.5M), Santiago ($19.9M), Curicó ($18.5M), Copiapó ($4.05M), and Vitacura ($3.41M), while imports destinations were mainly Santiago ($18.4M), Huechuraba ($15.3M), Las Condes ($11.1M), Rancagua ($5.08M), and Providencia ($3.3M).

Growth In June 2024, the increase in Chile's year-by-year exports to Italy was explained primarily by an increase in product exports in Refined Copper ($16.1M or 49.9%), Other Nuts ($12.6M or 801%), and Halogens ($3.58M or 484%). In June 2024, the increase in Chile's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Cheese ($3.1M or 329%), Liquid Pumps ($2.73M or 235%), and Eyewear ($2.03M or 117%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$21.8M(26.6%)
IMPORT GROWTH (June 2023 - June 2024)$5.5M(7.02%)
MAIN EXPORTER (June 2024)Las Condes$32.5M

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 2022, Chile exported $680M to Italy. The main products exported from Chile to Italy were Refined Copper ($248M), Other Nuts ($110M), and Molybdenum Ore ($54.1M). During the last 5 years the exports of Chile to Italy have decreased at an annualized rate of 6.13%, from $934M in 2017 to $680M in 2022.

In 2017, Italy exported $1.34B to Chile. The main products exported from Italy to Chile were Harvesting Machinery ($58.8M), Washing and Bottling Machines ($52.9M), and Liquid Pumps ($36.7M). During the last 5 years the exports of Italy to Chile have increased at an annualized rate of 2.93%, from $1.16B in 2022 to $1.34B in 2017.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.5B
Italy
Top DestinationGermany$78.5B

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 2022, countries that imported more from Chile than Italy included China ($38.5B), Peru ($1.84B), and Bolivia ($1.21B).

In 2022, countries that imported more from Italy than Chile included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

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 2022, Chile had a large net trade with Italy in the exports of Metals ($250M), Vegetable Products ($183M), and Paper Goods ($65.1M).

During 2017, Italy had a large net trade with Chile in the exports of Machines ($612M), Chemical Products ($123M), and Transportation ($103M).

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) (2022)

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