2023
Flag  
GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH
127%CURRENT US$
Rnk 7 / 195
2023
Flag
 GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC 
$103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 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

Ireland-Chile Trade: In 2023, Ireland exported $210M to Chile. The main products that Ireland exported to Chile were Vaccines, blood, antisera, toxins and cultures ($77.6M), Packaged Medicaments ($42.4M), and Orthopedic Appliances ($12.7M). Over the past 5 years the exports of Ireland to Chile have increased at an annualized rate of 4.52%, from $168M in 2018 to $210M in 2023.

In 2020, Ireland exported services to Chile worth $296M, with Other business services ($276M), Insurance services ($14.8M), and Financial services ($4.57M) being the largest in terms of value.

Chile-Ireland Trade: In 2023, Chile exported $65.2M to Ireland. The main products that Chile exported to Ireland were Wine ($46.2M), Apples and Pears ($2.88M), and Grapes ($2.54M). Over the past 5 years the exports of Chile to Ireland have decreased at an annualized rate of 0.96%,  from $68.4M in 2018 to $65.2M in 2023.

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

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). 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, Ireland exported $210M to Chile. The main products exported from Ireland to Chile were Vaccines, blood, antisera, toxins and cultures ($77.6M), Packaged Medicaments ($42.4M), and Orthopedic Appliances ($12.7M). During the last 5 years the exports of Ireland to Chile have increased at an annualized rate of 4.52%, from $168M in 2018 to $210M in 2023.

In 2018, Chile exported $65.2M to Ireland. The main products exported from Chile to Ireland were Wine ($46.2M), Apples and Pears ($2.88M), and Grapes ($2.54M). During the last 5 years the exports of Chile to Ireland have decreased at an annualized rate of 0.96%, from $68.4M in 2023 to $65.2M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Chile
Top Destination
China$38.2B

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

In 2023, countries that imported more from Ireland than Chile included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Chile than Ireland included China ($38.2B), South Korea ($6.02B), and Brazil ($4.4B).

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

Comparative Advantage Ireland - Chile

Flow
Scale

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

During 2023, Ireland had a large net trade with Chile in the exports of Chemical Products ($146M), Instruments ($23.9M), and Machines ($20.9M).

During 2018, Chile had a large net trade with Ireland in the exports of Foodstuffs ($48M), Vegetable Products ($11.2M), and Plastics and Rubbers ($2.05M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Chile+$24.1MPackaged Medicaments
Top Product Potential Chile Ireland+$1.87MPackaged 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 Ireland and Chile. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Ireland.

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

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