2023
Flag  
GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
 GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC 
$64,821CURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 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

Australia-Chile Trade: In 2023, Australia exported $588M to Chile. The main products that Australia exported to Chile were Coal Briquettes ($434M), Cyanides ($14.9M), and Ferroalloys ($12.2M). Over the past 5 years the exports of Australia to Chile have increased at an annualized rate of 19.2%, from $244M in 2018 to $588M in 2023.

In 2009, Australia exported services to Chile worth $150M, with Other business services ($72.8M), Travel ($51.5M), and Transportation ($23M) being the largest in terms of value.

Chile-Australia Trade: In 2023, Chile exported $266M to Australia. The main products that Chile exported to Australia were Frozen Fruits and Nuts ($55.6M), Kaolin Coated Paper ($24.2M), and Zinc Ore ($19.6M). Over the past 5 years the exports of Chile to Australia have decreased at an annualized rate of 6.7%,  from $376M in 2018 to $266M in 2023.

In 2009, Chile exported services to Australia worth $85.9M, with Transportation ($85.9M) being the largest in terms of value.

Comparison: In 2023,  Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). 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, Australia exported $588M to Chile. The main products exported from Australia to Chile were Coal Briquettes ($434M), Cyanides ($14.9M), and Ferroalloys ($12.2M). During the last 5 years the exports of Australia to Chile have increased at an annualized rate of 19.2%, from $244M in 2018 to $588M in 2023.

In 2018, Chile exported $266M to Australia. The main products exported from Chile to Australia were Frozen Fruits and Nuts ($55.6M), Kaolin Coated Paper ($24.2M), and Zinc Ore ($19.6M). During the last 5 years the exports of Chile to Australia have decreased at an annualized rate of 6.7%, from $376M in 2023 to $266M in 2018.

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

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

Latest Data

Trade between Australia (Flag) and Chile (Flag)

Australia Exports

Chile Exports

Market Competitiveness

Color
Australia
Top Destination
China$137B
Chile
Top Destination
China$38.2B

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

In 2023, countries that imported more from Australia than Chile included China ($137B), Japan ($59B), and India ($19.9B).

In 2023, countries that imported more from Chile than Australia included United States ($15.7B), Brazil ($4.4B), and Bolivia ($1.36B).

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

Comparative Advantage Australia - Chile

Flow
Scale

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

During 2023, Australia had a large net trade with Chile in the exports of Mineral Products ($444M), Machines ($61.4M), and Chemical Products ($30.3M).

During 2018, Chile had a large net trade with Australia in the exports of Vegetable Products ($73.1M), Paper Goods ($42M), and Chemical Products ($29.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia Chile+$65.7MPetroleum Gas
Top Product Potential Chile Australia+$4.83MSawn Wood

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

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

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