About

Overview In 2021, Chile was the number 44 economy in the world in terms of GDP (current US$), the number 39 in total exports, the number 45 in total imports, the number 69 economy in terms of GDP per capita (current US$) and the number 74 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Chile are Copper Ore ($29.7B), Refined Copper ($20.8B), Fish Fillets ($3.13B), Raw Copper ($2.55B), and Iron Ore ($2.54B), exporting mostly to China ($36.6B), United States ($15.1B), Japan ($7.25B), South Korea ($4.84B), and Brazil ($4.59B).

In 2021, Chile was the world's biggest exporter of Copper Ore ($29.7B), Refined Copper ($20.8B), Pitted Fruits ($2.05B), Molybdenum Ore ($1.67B), and Halogens ($611M)

Imports The top imports of Chile are Refined Petroleum ($5.13B), Cars ($4.21B), Crude Petroleum ($3.86B), Broadcasting Equipment ($3.01B), and Delivery Trucks ($2.9B), importing mostly from China ($26.8B), United States ($15.5B), Brazil ($7.14B), Argentina ($3.93B), and Germany ($3.28B).

In 2021, Chile was the world's biggest importer of Sulfuric Acid ($284M)

Location Chile borders Argentina, Bolivia, and Peru by land.

Latest Trends

September, 2023

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Copper Ore$29.7B
Top Destination (2021)China$36.6B

In 2021, Chile exported a total of $96.1B, making it the number 39 exporter in the world. During the last five reported years the exports of Chile have changed by $34.7B from $61.4B in 2016 to $96.1B in 2021.

The most recent exports are led by Copper Ore ($29.7B), Refined Copper ($20.8B), Fish Fillets ($3.13B), Raw Copper ($2.55B), and Iron Ore ($2.54B). The most common destination for the exports of Chile are China ($36.6B), United States ($15.1B), Japan ($7.25B), South Korea ($4.84B), and Brazil ($4.59B).

Explore Visualizations

Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
China$7.81B (+ 27.2%)
United States$5.08B (+ 50.7%)
Brazil$1.51B (+ 48.9%)
Fastest Growing Import Markets (2020 - 2021)
China$10.8B (+ 67.7%)
United States$4.92B (+ 46.5%)
Brazil$3.18B (+ 80.5%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Chile Exports Services (2019)$9.42B
Chile Imports Services (2019)$14.5B

In 2019, Chile exported $9.42B worth of services. The top services exported by Chile in 2019 were Transportation ($3B), Other business services ($2.54B), Personal travel ($2.04B), Computer and information services ($480M), and Business travel ($339M).

The top services imported by Chile in 2019 were Transportation ($4.9B), Other business services ($3B), Personal travel ($2.14B), Royalties and license fees ($1.76B), and Financial services ($894M).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Overview

Economic Complexity (Trade)-0.22Rank 74 of 131
Economic Complexity (Technology)0.86Rank 26 of 96
Economic Complexity (Research)1.11Rank 23 of 140

Most Specialized Products by RCA Index

Chile has a high level of specialization in Halogens (77.6), Copper Ore (71.5), Molybdenum Ore (65.4), Nitrites and Nitrates (53.4), and Pitted Fruits (52.6). Specialization is measured using RCA, an index that takes the ratio between Chile observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Chile according to the product complexity index (PCI) are Natural polymers (e.g. alginic acid) and modified natural polymers (e.g. hardened proteins,... (0.69), Paper and paperboard, coated one or both sides with kaolin (china clay)... (0.67), Meat of swine; fresh, chilled or frozen (0.64), Woven fabrics of combed wool or of combed fine animal hair (0.42), and Pig fat, free of lean meat, and poultry fat, not rendered or... (0.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Chile according to the relatedness index, were Manganese Ore (0.16), Mate (0.16), Gold (0.16), Wool (0.15), and Crustaceans (0.15). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Chile is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Chile. These are products that tend to be co-exported with the products that Chile exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Chile's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨51st to the 74th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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