2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
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GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Chile-Singapore Trade: In 2023, Chile exported $115M to Singapore. The main products that Chile exported to Singapore were Silver ($25.7M), Refined Copper ($24.5M), and Fish Fillets ($16.4M). Over the past 5 years the exports of Chile to Singapore have increased at an annualized rate of 4.69%, from $91.2M in 2018 to $115M in 2023.

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

Singapore-Chile Trade: In 2023, Singapore exported $199M to Chile. The main products that Singapore exported to Chile were Gas Turbines ($99M), Packaged Medicaments ($11.6M), and Orthopedic Appliances ($11.2M). Over the past 5 years the exports of Singapore to Chile have increased at an annualized rate of 11.4%,  from $116M in 2018 to $199M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $115M to Singapore. The main products exported from Chile to Singapore were Silver ($25.7M), Refined Copper ($24.5M), and Fish Fillets ($16.4M). During the last 5 years the exports of Chile to Singapore have increased at an annualized rate of 4.69%, from $91.2M in 2018 to $115M in 2023.

In 2018, Singapore exported $199M to Chile. The main products exported from Singapore to Chile were Gas Turbines ($99M), Packaged Medicaments ($11.6M), and Orthopedic Appliances ($11.2M). During the last 5 years the exports of Singapore to Chile have increased at an annualized rate of 11.4%, from $116M in 2023 to $199M in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, countries that imported more from Chile than Singapore included Brazil ($4.4B), China ($38.2B), and Peru ($1.45B).

In 2023, countries that imported more from Singapore than Chile included Hong Kong ($44.5B), Malaysia ($31.4B), and Indonesia ($18.2B).

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

Comparative Advantage Chile - Singapore

Flow
Scale

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

During 2023, Chile had a large net trade with Singapore in the exports of Metals ($27M), Animal Products ($26.5M), and Precious Metals ($26.1M).

During 2018, Singapore had a large net trade with Chile in the exports of Machines ($119M), Instruments ($20.9M), and Chemical Products ($19.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Singapore+$37.6MRefined Petroleum
Top Product Potential Singapore Chile+$7.35MPackaged Medicaments

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

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

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