Flag South Korea / Chile Flag

Exports Flag β†’ Flag  (2018): $1.84B, Rnk 41 / 210

Top Product Flag β†’ Flag (2018): $650M, Cars

Exports Flag β†’ Flag (2018): $4.39B, Rnk 4 / 180

Top Product Flag β†’ Flag (2018): $1.25B, Copper Ore

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

Economic Complexity of Flag (2018): ECI -0.12, Rnk 74 / 137

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 196

GDP Flag (2018): $298B, CURRENT US$
Rnk 40 / 196

GDP GROWTH Flag (2008-2018): 66%, CURRENT US$
Rnk 60 / 196

GDP PC Flag (2018): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

GDP PC Flag (2018): $15,923, CURRENT US$
Rnk 59 / 196

GDP PC GROWTH Flag (2008-2018): 48.1%, CURRENT US$
Rnk 48 / 196

South Korea-Chile: In 2018, South Korea exported $1.84B to Chile. The main products exported from South Korea to Chile were Cars ($650M), Refined Petroleum ($203M), and Delivery Trucks ($194M). During the last 23 years the exports of South Korea to Chile have increased at an annualized rate of 5.47%, from $540M in 1995 to $1.84B in 2018. In 2005, South Korea exported services to Chile worth $82.3M, with Transportation ($72.4M), Other business services ($5.9M), and Travel ($2.4M) being the largest in terms of value.

Chile-South Korea: In 2018, Chile exported $4.39B to South Korea. The main products exported from Chile to South Korea were Copper Ore ($1.25B), Refined Copper ($995M), and Carbonates ($340M). During the last 23 years the exports of Chile to South Korea have increased at an annualized rate of 6.98%, from $930M in 1995 to $4.39B in 2018. In 2009, Chile exported services to South Korea worth $60.3M, with Transportation ($60.3M) being the largest in terms of value.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). That same year, Chile ranked 74 in the Economic Complexity Index (ECI -0.12), and 43 in total exports ($76.7B). In terms of GDP Per Capita, South Korea was ranked 34 with a GDP Per Capita of $31,363, and Chile was ranked 59 with a GDP Per Capita of $15,923.

Bilateral Trade by Products

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Depth
Value

In 2018, South Korea exported $1.84B to Chile. The main products exported from South Korea to Chile were Cars ($650M), Refined Petroleum ($203M), and Delivery Trucks ($194M). During the last 23 years the exports of South Korea to Chile have increased at an annualized rate of 5.47%, from $540M in 1995 to $1.84B in 2018.

In 2018, Chile exported $4.39B to South Korea. The main products exported from Chile to South Korea were Copper Ore ($1.25B), Refined Copper ($995M), and Carbonates ($340M). During the last 23 years the exports of Chile to South Korea have increased at an annualized rate of 6.98%, from $930M in 1995 to $4.39B in 2018.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Chile
Top Destination
: China, $25.3B

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

In 2018, countries that imported more from South Korea than Chile were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

In 2018, countries that imported more from Chile than South Korea were Bolivia ($1.13B), Peru ($1.71B), and Paraguay ($609M).

Comparative Advantage South Korea - Chile

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Depth

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

During 2018, South Korea had a large net trade with Chile in the exports of Transportation ($930M), Mineral Products ($261M), and Machines ($234M).

During 2018, Chile had a large net trade with South Korea in the exports of Mineral Products ($1.7B), Metals ($1.28B), and Chemical Products ($425M).

Tariff Section

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This sections shows import tariffs for products traded between South Korea and Chile (using the HS6 product classification and the last year reported).

In 2018, the products from South Korea that paid the highest import tariffs to enter Chile were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

In 2018, the products from Chile that paid the highest import tariffs to enter South Korea were Birds: live, ostriches: emus (Dromaius novaehollandiae) (6%) and Cereals: wheat and meslin, other than durum wheat, seed (6%).

Explore Tariff Data

*The tariffs present between South Korea and Chile are:
136: Most Favoured Nation duty rate treatement
182: Preferential tariff for Chile
340: Preferential tariff under the Trade Negotiations among Developing Countries (TNDC) in WTO

Trade Forecasts

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This section shows a forecast for total trade between South Korea and Chile. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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Chl Year

In 2005, South Korea exported services to Chile worth $82.3M, with Transportation ($72.4M), Other business services ($5.9M), and Travel ($2.4M) being the largest in terms of value.

In 2009, Chile exported services to South Korea worth $60.3M, with Transportation ($60.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Chile. Similarly, the more red a dot/product is, the more Chile has comparative advantage over South Korea.