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2023
Flag → Flag
Exports $461MRnk 24 / 183
2023
Flag → Flag
Top Product $305MNon-fillet Frozen Fish
2023
Flag → Flag
Exports $49.1MRnk 90 / 137
2023
Flag → Flag
Top Product $20.4MNitrogenous Fertilizers
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
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GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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GDP PC $17,068CURRENT US$
Rnk 68 / 195
2013-2023
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GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195
2023
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GDP PC$13,817CURRENT US$
Rnk 74 / 196
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Chile-Russia Trade: In 2023, Chile exported $461M to Russia. The main products that Chile exported to Russia were Non-fillet Frozen Fish ($305M), Processed Crustaceans ($43.8M), and Fish Fillets ($37.8M). Over the past 5 years the exports of Chile to Russia have decreased at an annualized rate of 14.3%, from $995M in 2018 to $461M in 2023.

In 2009, Chile exported services to Russia worth $3.69M, with Transportation ($3.69M) being the largest in terms of value.

Russia-Chile Trade: In 2023, Russia exported $49.1M to Chile. The main products that Russia exported to Chile were Nitrogenous Fertilizers ($20.4M), Mixed Mineral or Chemical Fertilizers ($18.5M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($2.76M). Over the past 5 years the exports of Russia to Chile have decreased at an annualized rate of 18.9%,  from $140M in 2018 to $49.1M in 2023.

In 2020, Russia exported services to Chile worth $3.26M, with Other business services ($1.4M), Transportation ($862k), and Travel ($516k) 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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Latest Trends

November, 2024

About

Overview In November 2024, Chile exported $43.5M and imported $34.9k from Russia, resulting in a positive trade balance of $43.5M. Between November 2023 and November 2024 the exports of Chile have increased by $16.1M (58.6%) from $27.4M to $43.5M, while imports decreased by $-385k (-91.7%) from $420k to $34.9k.

Trade In November 2024, the top exports of Chile to Russia were Non-fillet Frozen Fish ($23.6M), Non-Iron and Steel Slag, Ash and... ($4.19M), Fish Fillets ($3.26M), Wine ($2.92M), and Processed Crustaceans ($2.35M). In November 2024 the top imports of Chile from Russia were Laboratory Reagents ($24.8k), Recreational Boats ($10k), Computers ($9.23k), and Beauty Products ($8.49k).

Origins In November 2024 the exports of Chile were mainly from Puerto Montt ($19.7M), Las Condes ($8.66M), Punta Arenas ($5.84M), Puerto Varas ($3.77M), and Quellón ($2.21M), while imports destinations were mainly Providencia ($33.9k) and Machalí ($1k).

Growth In November 2024, the increase in Chile's year-by-year exports to Russia was explained primarily by an increase in product exports in Fish Fillets ($2.81M or 631%), Other Nuts ($321k or 30.6%), and Vegetable Saps ($83.3k or 26.1%). In November 2024, the decrease in Chile's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Laboratory Reagents ($-191k or -88.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$16.1M(58.6%)
IMPORT GROWTH (November 2023 - November 2024)$-385k(-91.7%)
MAIN EXPORTER (November 2024)Puerto Montt$19.7M

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 Russia and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $461M to Russia. The main products exported from Chile to Russia were Non-fillet Frozen Fish ($305M), Processed Crustaceans ($43.8M), and Fish Fillets ($37.8M). During the last 5 years the exports of Chile to Russia have decreased at an annualized rate of 14.3%, from $995M in 2018 to $461M in 2023.

In 2018, Russia exported $49.1M to Chile. The main products exported from Russia to Chile were Nitrogenous Fertilizers ($20.4M), Mixed Mineral or Chemical Fertilizers ($18.5M), and Sulfonated, Nitrated or Nitrosated Hydrocarbons ($2.76M). During the last 5 years the exports of Russia to Chile have decreased at an annualized rate of 18.9%, from $140M in 2023 to $49.1M in 2018.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.2B
Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Chile than Russia included United States ($15.7B), South Korea ($6.02B), and Canada ($1.66B).

In 2023, countries that imported more from Russia than Chile included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Chile - Russia

Flow
Scale

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

During 2023, Chile had a large net trade with Russia in the exports of Animal Products ($346M), Foodstuffs ($61.5M), and Vegetable Products ($53.2M).

During 2018, Russia had a large net trade with Chile in the exports of Chemical Products ($42.3M), Plastics and Rubbers ($3.8M), and Vegetable Products ($855k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Russia+$10.8MWine
Top Product Potential Russia Chile+$8.29MNitrogenous Fertilizers

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 Russia worth $3.69M, with Transportation ($3.69M) being the largest in terms of value.

In 2020, Russia exported services to Chile worth $3.26M, with Other business services ($1.4M), Transportation ($862k), and Travel ($516k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Chile (Flag) to Russia (Flag) (2009)

Services Exports from Russia (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 Russia. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Chile.

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

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