Flag Chile / South Korea Flag

2020
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Exports
: $4.11B, Rnk 4 / 188

2020
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Top Product
: $1.26B, Copper Ore

2020
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Exports
: $989M, Rnk 47 / 218

2020
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Top Product
: $142M, Cars

2020
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Economic Complexity (ECI)
: ECI -0.2, Rnk 70 / 127

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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GDP
: $253B, CURRENT US$
Rnk 44 / 204

2010-2020
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GDP GROWTH
: 16.4%, CURRENT US$
Rnk 127 / 204

2020
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 GDP
: $1.64T, CURRENT US$
Rnk 10 / 204

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 70 / 204

2020
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GDP PC 
: $13,221, CURRENT US$
Rnk 69 / 204

2010-2020
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GDP PC GROWTH
: 3.9%, CURRENT US$
Rnk 125 / 204

2020
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GDP PC
: $31,598, CURRENT US$
Rnk 37 / 204

2010-2020
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GDP PC GROWTH
: 36.9%, CURRENT US$
Rnk 47 / 204

Chile-South Korea In 2020, Chile exported $4.11B to South Korea. The main products that Chile exported to South Korea are Copper Ore ($1.26B), Refined Copper ($1.22B), and Raw Copper ($280M). During the last 25 years the exports of Chile to South Korea have increased at an annualized rate of 6.22%, from $909M in 1995 to $4.11B in 2020.

In 2009, Chile exported services to South Korea worth $60.3M, with Transportation ($60.3M) being the largest in terms of value.

South Korea-Chile In 2020, South Korea exported $989M to Chile. The main products that South Korea exported to Chile were Cars ($142M), Delivery Trucks ($84M), and Refined Petroleum ($82M). During the last 25 years the exports of South Korea to Chile have increased at an annualized rate of 1.92%, from $615M in 1995 to $989M in 2020.

In 2005, South Korea exported services to Chile worth $82.3M, with Transportation ($72.4M), Other business services ($5.9M), and Travel ($2.4M) being the largest in terms of value.

Comparison In 2020,  Chile ranked 70 in the Economic Complexity Index (ECI -0.2), and 40 in total exports ($74.8B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Chile exported $4.11B to South Korea. The main products exported from Chile to South Korea were Copper Ore ($1.26B), Refined Copper ($1.22B), and Raw Copper ($280M). During the last 25 years the exports of Chile to South Korea have increased at an annualized rate of 6.22%, from $909M in 1995 to $4.11B in 2020.

In 2020, South Korea exported $989M to Chile. The main products exported from South Korea to Chile were Cars ($142M), Delivery Trucks ($84M), and Refined Petroleum ($82M). During the last 25 years the exports of South Korea to Chile have increased at an annualized rate of 1.92%, from $615M in 1995 to $989M in 2020.

Market Competitiveness

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Measure

Chile
Top Destination
: China, $28.6B

South Korea
Top Destination
: China, $131B

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

In 2019, countries that imported more from Chile than South Korea were Peru ($1.46B), Bolivia ($791M), and Argentina ($621M).

In 2019, countries that imported more from South Korea than Chile were China ($131B), United States ($75B), and Vietnam ($48B).

Comparative Advantage Chile - South Korea

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Flow
Scale

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

During 2020, Chile had a large net trade with South Korea in the exports of Metals ($1.56B), Mineral Products ($1.53B), and Chemical Products ($323M).

During 2020, South Korea had a large net trade with Chile in the exports of Transportation ($306M), Machines ($177M), and Mineral Products ($121M).

Bilateral Service Trade

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Chl Year

In 2009, Chile exported services to South Korea worth $60.3M, with Transportation ($60.3M) being the largest in terms of value.

In 2005, South Korea exported services to Chile worth $82.3M, with Transportation ($72.4M), Other business services ($5.9M), and Travel ($2.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Chile has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Chile.