2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH
9.11%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).

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 Destination
China$38.2B
Italy
Top Destination
Germany$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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