Flag Chile / South Korea Flag

2019
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Exports
: $4.71B, Rnk 4 / 184

2019
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Top Product
: $1.64B, Copper Ore

2019
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Exports
: $1.33B, Rnk 43 / 215

2019
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Top Product
: $416M, Cars

2019
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Economic Complexity (ECI)
: ECI -0.11, Rnk 77 / 146

2019
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Economic Complexity (ECI)
: ECI 1.9, Rnk 5 / 146

2019
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GDP
: $282B, CURRENT US$
Rnk 41 / 187

2009-2019
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GDP GROWTH
: 63.8%, CURRENT US$
Rnk 72 / 187

2019
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 GDP
: $1.65T, CURRENT US$
Rnk 12 / 187

2009-2019
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GDP GROWTH
: 74.5%, CURRENT US$
Rnk 52 / 187

2019
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GDP PC 
: $14,896, CURRENT US$
Rnk 61 / 187

2009-2019
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GDP PC GROWTH
: 45.9%, CURRENT US$
Rnk 63 / 187

2019
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GDP PC
: $31,846, CURRENT US$
Rnk 32 / 187

2009-2019
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GDP PC GROWTH
: 66.4%, CURRENT US$
Rnk 36 / 187

Chile-South Korea In 2019, Chile exported $4.71B to South Korea. The main products that Chile exported to South Korea are Copper Ore ($1.64B), Refined Copper ($1.2B), and Carbonates ($300M). During the last 24 years the exports of Chile to South Korea have increased at an annualized rate of 7.09%, from $909M in 1995 to $4.71B in 2019.

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 2019, South Korea exported $1.33B to Chile . The main products that South Korea exported to Chile were Cars ($416M), Delivery Trucks ($132M), and Refined Petroleum ($72.6M). During the last 24 years the exports of South Korea to Chile have increased at an annualized rate of 3.4%, from $598M in 1995 to $1.33B in 2019.

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 2019,  Chile ranked 77 in the Economic Complexity Index (ECI -0.11), and 44 in total exports ($71.1B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.9), and 6 in total exports ($555B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Chile exported $4.71B to South Korea. The main products exported from Chile to South Korea were Copper Ore ($1.64B), Refined Copper ($1.2B), and Carbonates ($300M). During the last 24 years the exports of Chile to South Korea have increased at an annualized rate of 7.09%, from $909M in 1995 to $4.71B in 2019.

In 2019, South Korea exported $1.33B to Chile. The main products exported from South Korea to Chile were Cars ($416M), Delivery Trucks ($132M), and Refined Petroleum ($72.6M). During the last 24 years the exports of South Korea to Chile have increased at an annualized rate of 3.4%, from $598M in 1995 to $1.33B in 2019.

South Korea Exports

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Market Competitiveness

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Measure

Chile
Top Destination
: China, $22.6B

South Korea
Top Destination
: China, $136B

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 Bolivia ($1.01B), Peru ($1.79B), and Paraguay ($481M).

In 2019, countries that imported more from South Korea than Chile were China ($136B), United States ($74.8B), and Vietnam ($47.8B).

Comparative Advantage Chile - South Korea

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Depth

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

During 2019, Chile had a large net trade with South Korea in the exports of Mineral Products ($1.96B), Metals ($1.51B), and Chemical Products ($408M).

During 2019, South Korea had a large net trade with Chile in the exports of Transportation ($616M), Machines ($195M), and Mineral Products ($135M).

Flow

Tariff Section

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This section shows import tariffs for products traded between Chile and South Korea (using the HS6 product classification and the last year reported).

In 2019, the products from Chile that paid the highest import tariffs to enter South Korea were Birds: live, ostriches: emus (Dromaius novaehollandiae) (6%) and Cereals: wheat and meslin, other than durum wheat, seed (6%).

In 2018, the products from South Korea that paid the highest import tariffs to enter Chile were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

*The tariffs present between Chile and South Korea are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
249: Preferential tariff for Korea, Republic of
249: Preferential tariff for Korea, Republic of

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 red.  This mean that the more blue a dot/product is, the more Chile has comparative advantage over South Korea. Similarly, the more red a dot/product is, the more South Korea has comparative advantage over Chile.