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2023
Flag → Flag
Exports $2.42MRnk 119 / 183
2023
Flag → Flag
Top Product $1.69MVehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)
2023
Flag → Flag
Exports $14.3kRnk 66 / 101
2023
Flag → Flag
Top Product $4.08kElectric Batteries
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC $17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195

About

Chile-Mongolia Trade: In 2023, Chile exported $2.42M to Mongolia. The main products that Chile exported to Mongolia were Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($1.69M), Wine ($285k), and Grapes ($256k). Over the past 5 years the exports of Chile to Mongolia have decreased at an annualized rate of 2.5%, from $2.75M in 2018 to $2.42M in 2023.

In 2023, Chile did not export any services to Mongolia.

Mongolia-Chile Trade: In 2023, Mongolia exported $14.3k to Chile. The main products that Mongolia exported to Chile were Electric Batteries ($4.08k), Knit Sweaters ($3.34k), and Telephones ($1.82k). Over the past 5 years the exports of Mongolia to Chile have decreased at an annualized rate of 37.7%,  from $153k in 2018 to $14.3k in 2023.

In 2023, Mongolia did not export any services to Chile.

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Latest Trends

N/A

About

Overview In N/A, Chile exported $N/A and imported $N/A from Mongolia, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Chile have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Chile to Mongolia were Wine ($77k) and Excavation Machinery ($18.5k). In N/A the top imports of Chile from Mongolia were .

Origins In N/A the exports of Chile were mainly from N/A, while imports destinations were mainly N/A.

Growth In N/A, the N/A in Chile's year-by-year exports to Mongolia was explained primarily by an decrease in product exports in . In N/A, the N/A in Chile's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

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 Mongolia and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and Chile Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $2.42M to Mongolia. The main products exported from Chile to Mongolia were Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($1.69M), Wine ($285k), and Grapes ($256k). During the last 5 years the exports of Chile to Mongolia have decreased at an annualized rate of 2.5%, from $2.75M in 2018 to $2.42M in 2023.

In 2018, Mongolia exported $14.3k to Chile. The main products exported from Mongolia to Chile were Electric Batteries ($4.08k), Knit Sweaters ($3.34k), and Telephones ($1.82k). During the last 5 years the exports of Mongolia to Chile have decreased at an annualized rate of 37.7%, from $153k in 2023 to $14.3k in 2018.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.2B
Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Chile than Mongolia included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Mongolia than Chile included Switzerland ($842M), Uzbekistan ($3.49M), and Seychelles ($2.04k).

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

Comparative Advantage Chile - Mongolia

Flow
Scale

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

During 2023, Chile had a large net trade with Mongolia in the exports of Transportation ($1.7M), Vegetable Products ($340k), and Foodstuffs ($285k).

During 2018, Mongolia had a large net trade with Chile in the exports of Machines ($7.57k), Textiles ($5.02k), and Mineral Products ($1.41k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Mongolia+$289kWine
Top Product Potential Mongolia Chile+$72.8kKnit Sweaters

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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Chile and Mongolia. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Chile.

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

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