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2023
Flag → Flag
Exports $105MRnk 53 / 211
2023
Flag → Flag
Top Product $16.6MOther Heating Machinery
2023
Flag → Flag
Exports $83.9MRnk 52 / 183
2023
Flag → Flag
Top Product $17.2MSulfate Chemical Woodpulp
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

About

Portugal-Chile Trade: In 2023, Portugal exported $105M to Chile. The main products that Portugal exported to Chile were Other Heating Machinery ($16.6M), Natural Cork Articles ($11.1M), and Raw Plastic Sheeting ($4.81M). Over the past 5 years the exports of Portugal to Chile have decreased at an annualized rate of 10.8%, from $186M in 2018 to $105M in 2023.

In 2003, Portugal exported services to Chile worth $2.07M, with Services not allocated ($2.07M) being the largest in terms of value.

Chile-Portugal Trade: In 2023, Chile exported $83.9M to Portugal. The main products that Chile exported to Portugal were Sulfate Chemical Woodpulp ($17.2M), Non-fillet Frozen Fish ($13.7M), and Pure Olive Oil ($7.66M). Over the past 5 years the exports of Chile to Portugal have increased at an annualized rate of 5.24%,  from $65M in 2018 to $83.9M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €14.4M and imported €2.41M from Chile, resulting in a positive trade balance of €12M. Between December 2023 and December 2024 the exports of Portugal have increased by €8.75M (156%) from €5.61M to €14.4M, while imports decreased by €-1.63M (-40.4%) from €4.04M to €2.41M.

Trade In December 2024, the top exports of Portugal to Chile were Machinery, mechanical appliances, & parts (€1.82M), Cork & cork articles (€886k), Iron/Steel Articles (€554k), Knitted clothing accesories (€243k), and Plastics & articles thereof (€207k). In December 2024 the top imports of Portugal from Chile were Wood pulp & paper scrap (€1.06M), Fish, Crustaceans & Molluscs (€910k), Edible fruits, nuts & fruit peels (€438k), Preparations of fish, crustacenas, & molluscs (€386k), and Oils seeds, oleaginous fruits, grains, straw... (€361k).

Growth In December 2024, the increase in Portugal's year-by-year exports to Chile was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€289k or 18.8%), Preparations of cereals, flour, starch or... (€142k or 449%), and Paints, dyes, & varnishes (€121k or 579%). In December 2024, the decrease in Portugal's year-by-year imports  from Chile was explained primarily by an decrease in product imports  in Wood, wood articles, & charcoal (€-3.42M or -98.1%), Wood pulp & paper scrap (€-675k or -38.9%), and Oils seeds, oleaginous fruits, grains, straw... (€-73.6k or -17%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€8.75M(156%)
IMPORT GROWTH (December 2023 - December 2024)€-1.63M(-40.4%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Chile and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Chile and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $105M to Chile. The main products exported from Portugal to Chile were Other Heating Machinery ($16.6M), Natural Cork Articles ($11.1M), and Raw Plastic Sheeting ($4.81M). During the last 5 years the exports of Portugal to Chile have decreased at an annualized rate of 10.8%, from $186M in 2018 to $105M in 2023.

In 2018, Chile exported $83.9M to Portugal. The main products exported from Chile to Portugal were Sulfate Chemical Woodpulp ($17.2M), Non-fillet Frozen Fish ($13.7M), and Pure Olive Oil ($7.66M). During the last 5 years the exports of Chile to Portugal have increased at an annualized rate of 5.24%, from $65M in 2023 to $83.9M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Portugal than Chile included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Chile than Portugal included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Comparative Advantage Portugal - Chile

Flow
Scale

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

During 2023, Portugal had a large net trade with Chile in the exports of Machines ($35.1M), Wood Products ($12M), and Metals ($11.9M).

During 2018, Chile had a large net trade with Portugal in the exports of Vegetable Products ($24.1M), Animal Products ($19.7M), and Paper Goods ($17.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Chile+$3.58MPackaged Medicaments
Top Product Potential Chile Portugal+$4.37MNon-fillet Frozen Fish

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

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

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