2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC
$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195

About

Germany-Chile Trade: In 2023, Germany exported $3.86B to Chile. The main products that Germany exported to Chile were Planes, Helicopters, and/or Spacecraft ($1.08B), Packaged Medicaments ($208M), and Electric Generating Sets ($180M). Over the past 5 years the exports of Germany to Chile have increased at an annualized rate of 3.31%, from $3.28B in 2018 to $3.86B in 2023.

In 2020, Germany exported services to Chile worth $129M, with Other business services ($77.7M), Computer and information services ($43.4M), and Insurance services ($3.43M) being the largest in terms of value.

Chile-Germany Trade: In 2023, Chile exported $1.17B to Germany. The main products that Chile exported to Germany were Copper Ore ($444M), Refined Copper ($136M), and Other Nuts ($72.9M). Over the past 5 years the exports of Chile to Germany have decreased at an annualized rate of 1.82%,  from $1.28B in 2018 to $1.17B in 2023.

In 2009, Chile exported services to Germany worth $385M, with Transportation ($311M) and Travel ($74.8M) being the largest in terms of value.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $3.86B to Chile. The main products exported from Germany to Chile were Planes, Helicopters, and/or Spacecraft ($1.08B), Packaged Medicaments ($208M), and Electric Generating Sets ($180M). During the last 5 years the exports of Germany to Chile have increased at an annualized rate of 3.31%, from $3.28B in 2018 to $3.86B in 2023.

In 2018, Chile exported $1.17B to Germany. The main products exported from Chile to Germany were Copper Ore ($444M), Refined Copper ($136M), and Other Nuts ($72.9M). During the last 5 years the exports of Chile to Germany have decreased at an annualized rate of 1.82%, from $1.28B in 2023 to $1.17B in 2018.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$157B
Chile
Top Destination
China$38.2B

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

In 2023, countries that imported more from Germany than Chile included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Chile than Germany included Bolivia ($1.36B), Peru ($1.45B), and Anguilla ($114M).

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

Comparative Advantage Germany - Chile

Flow
Scale

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

During 2023, Germany had a large net trade with Chile in the exports of Transportation ($1.43B), Machines ($1.05B), and Chemical Products ($530M).

During 2018, Chile had a large net trade with Germany in the exports of Mineral Products ($473M), Vegetable Products ($223M), and Metals ($141M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Chile+$144MCars
Top Product Potential Chile Germany+$62.8MRefined Copper

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with