Flag Mexico / Chile Flag

2019
FlagFlag
Exports
: $1.89B, Rnk 18 / 151

2019
FlagFlag
Top Product
: $261M, Video Displays

2019
FlagFlag
Exports
: $1.44B, Rnk 9 / 184

2019
FlagFlag
Top Product
: $189M, Copper Ore

2019
Flag
Economic Complexity (ECI)
: ECI 1.22, Rnk 21 / 146

2019
Flag
Economic Complexity (ECI)
: ECI -0.11, Rnk 77 / 146

2019
Flag  
GDP
: $1.27T, CURRENT US$
Rnk 15 / 187

2009-2019
Flag
GDP GROWTH
: 41%, CURRENT US$
Rnk 106 / 187

2019
Flag
 GDP
: $282B, CURRENT US$
Rnk 41 / 187

2009-2019
Flag
GDP GROWTH
: 63.8%, CURRENT US$
Rnk 72 / 187

2019
Flag
GDP PC 
: $9,946, CURRENT US$
Rnk 72 / 187

2009-2019
Flag
GDP PC GROWTH
: 24.3%, CURRENT US$
Rnk 105 / 187

2019
Flag
GDP PC
: $14,896, CURRENT US$
Rnk 61 / 187

2009-2019
Flag
GDP PC GROWTH
: 45.9%, CURRENT US$
Rnk 63 / 187

Mexico-Chile In 2019, Mexico exported $1.89B to Chile. The main products that Mexico exported to Chile are Video Displays ($261M), Cars ($224M), and Delivery Trucks ($146M). During the last 24 years the exports of Mexico to Chile have increased at an annualized rate of 4.75%, from $621M in 1995 to $1.89B in 2019.

In 2019, Mexico did not export any services to Chile.

Chile-Mexico In 2019, Chile exported $1.44B to Mexico . The main products that Chile exported to Mexico were Copper Ore ($189M), Fish Fillets ($108M), and Refined Copper ($93.7M). During the last 24 years the exports of Chile to Mexico have increased at an annualized rate of 10.4%, from $135M in 1995 to $1.44B in 2019.

In 2009, Chile exported services to Mexico worth $130M, with Transportation ($68.2M), Travel ($31.8M), and Computer and information services ($17.6M) being the largest in terms of value.

Comparison In 2019,  Mexico ranked 21 in the Economic Complexity Index (ECI 1.22), and 9 in total exports ($480B). That same year, Chile ranked 77 in the Economic Complexity Index (ECI -0.11), and 44 in total exports ($71.1B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value
Compare to

In 2019, Mexico exported $1.89B to Chile. The main products exported from Mexico to Chile were Video Displays ($261M), Cars ($224M), and Delivery Trucks ($146M). During the last 24 years the exports of Mexico to Chile have increased at an annualized rate of 4.75%, from $621M in 1995 to $1.89B in 2019.

In 2019, Chile exported $1.44B to Mexico. The main products exported from Chile to Mexico were Copper Ore ($189M), Fish Fillets ($108M), and Refined Copper ($93.7M). During the last 24 years the exports of Chile to Mexico have increased at an annualized rate of 10.4%, from $135M in 1995 to $1.44B in 2019.

Mexico Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

Mexico
Top Destination
: United States, $361B

Chile
Top Destination
: China, $22.6B

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

In 2019, countries that imported more from Mexico than Chile were United States ($361B), Canada ($21.3B), and Germany ($8.73B).

In 2019, countries that imported more from Chile than Mexico were China ($22.6B), Japan ($6.38B), and Bolivia ($1.01B).

Comparative Advantage Mexico - Chile

#permalink to section
Depth

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

During 2019, Mexico had a large net trade with Chile in the exports of Machines ($584M), Transportation ($437M), and Chemical Products ($301M).

During 2019, Chile had a large net trade with Mexico in the exports of Animal Products ($199M), Vegetable Products ($193M), and Mineral Products ($190M).

Flow

Tariff Section

#permalink to section

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

In 2017, the products from Mexico that paid the highest import tariffs to enter Chile were Fresh cheese, unfermented whey cheese, curd (45%) and Cheese processed, not grated or powdered (45%).

In 2019, the products from Chile that paid the highest import tariffs to enter Mexico were Fresh cheese, unfermented whey cheese, curd (6%) and Cheese processed, not grated or powdered (6%).

*The tariffs present between Mexico and Chile are:
40: AAP.CE N° 41 Tratado de Libre Comercio
82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)
136: Most Favoured Nation duty rate treatement
182: Preferential tariff for Chile

Bilateral Service Trade

#permalink to section

In 2009, Chile exported services to Mexico worth $130M, with Transportation ($68.2M), Travel ($31.8M), and Computer and information services ($17.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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 Mexico has comparative advantage over Chile. Similarly, the more red a dot/product is, the more Chile has comparative advantage over Mexico.