2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 186
2022
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 GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
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GDP PC 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 186
2022
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GDP PC
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186

About

Chile-Saudi Arabia Trade: In 2022, Chile exported $99.9M to Saudi Arabia. The main products that Chile exported to Saudi Arabia were Sawn Wood ($43.6M), Apples and Pears ($24M), and Grapes ($8.42M). Over the past 5 years the exports of Chile to Saudi Arabia have decreased at an annualized rate of 5.89%, from $135M in 2017 to $99.9M in 2022.

In 2022, Chile did not export any services to Saudi Arabia.

Saudi Arabia-Chile Trade: In 2022, Saudi Arabia exported $13.3M to Chile. The main products that Saudi Arabia exported to Chile were Nitrogen Heterocyclic Compounds ($4.81M), Ethylene Polymers ($3.04M), and Nitrogenous Fertilizers ($2.09M). Over the past 5 years the exports of Saudi Arabia to Chile have decreased at an annualized rate of 7.43%,  from $19.6M in 2017 to $13.3M in 2022.

In 2022, Saudi Arabia did not export any services to Chile.

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $99.9M to Saudi Arabia. The main products exported from Chile to Saudi Arabia were Sawn Wood ($43.6M), Apples and Pears ($24M), and Grapes ($8.42M). During the last 5 years the exports of Chile to Saudi Arabia have decreased at an annualized rate of 5.89%, from $135M in 2017 to $99.9M in 2022.

In 2017, Saudi Arabia exported $13.3M to Chile. The main products exported from Saudi Arabia to Chile were Nitrogen Heterocyclic Compounds ($4.81M), Ethylene Polymers ($3.04M), and Nitrogenous Fertilizers ($2.09M). During the last 5 years the exports of Saudi Arabia to Chile have decreased at an annualized rate of 7.43%, from $19.6M in 2022 to $13.3M in 2017.

Exports from Chile (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Chile (Flag) (2022)

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Saudi Arabia
Top Destination
China$68B

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

In 2022, countries that imported more from Chile than Saudi Arabia included Mexico ($1.77B), Peru ($1.84B), and Bolivia ($1.21B).

In 2022, countries that imported more from Saudi Arabia than Chile included India ($46.2B), South Korea ($36B), and China ($68B).

Difference in imports from Saudi Arabia (Flag) and Chile (Flag) (2022)

Comparative Advantage Chile - Saudi Arabia

Flow
Scale

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

During 2022, Chile had a large net trade with Saudi Arabia in the exports of Vegetable Products ($43.7M), Wood Products ($43.6M), and Metals ($5.22M).

During 2017, Saudi Arabia had a large net trade with Chile in the exports of Chemical Products ($7.48M), Plastics and Rubbers ($4.71M), and Machines ($1.01M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Saudi Arabia+$2.08MGrapes
Top Product Potential Saudi Arabia Chile+$5.07MEthylene Polymers

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 Saudi Arabia. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Chile.

Product Space of Chile (Flag) and Saudi Arabia (Flag) (2022)

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