2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 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

Austria-Chile Trade: In 2023, Austria exported $339M to Chile. The main products that Austria exported to Chile were Flavored Water ($79.7M), Packaged Medicaments ($26.4M), and Lifting Machinery ($14.2M). Over the past 5 years the exports of Austria to Chile have increased at an annualized rate of 0.87%, from $325M in 2018 to $339M in 2023.

In 2020, Austria exported services to Chile worth $20.6M, with Other business services ($8M), Computer and information services ($4.57M), and Transportation ($3.43M) being the largest in terms of value.

Chile-Austria Trade: In 2023, Chile exported $48.1M to Austria. The main products that Chile exported to Austria were Sulfate Chemical Woodpulp ($7.91M), Other Fruits ($6.23M), and Other Nuts ($4.97M). Over the past 5 years the exports of Chile to Austria have decreased at an annualized rate of 7.73%,  from $161M in 2018 to $48.1M in 2023.

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

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). 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, Austria exported $339M to Chile. The main products exported from Austria to Chile were Flavored Water ($79.7M), Packaged Medicaments ($26.4M), and Lifting Machinery ($14.2M). During the last 5 years the exports of Austria to Chile have increased at an annualized rate of 0.87%, from $325M in 2018 to $339M in 2023.

In 2018, Chile exported $48.1M to Austria. The main products exported from Chile to Austria were Sulfate Chemical Woodpulp ($7.91M), Other Fruits ($6.23M), and Other Nuts ($4.97M). During the last 5 years the exports of Chile to Austria have decreased at an annualized rate of 7.73%, from $161M in 2023 to $48.1M in 2018.

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

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

Latest Data

Trade between Austria (Flag) and Chile (Flag)

Austria Exports

Chile Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Chile
Top Destination
China$38.2B

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

In 2023, countries that imported more from Austria than Chile included Germany ($51B), Italy ($13.5B), and Switzerland ($10.9B).

In 2023, countries that imported more from Chile than Austria included China ($38.2B), Japan ($7.1B), and South Korea ($6.02B).

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

Comparative Advantage Austria - Chile

Flow
Scale

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

During 2023, Austria had a large net trade with Chile in the exports of Machines ($124M), Foodstuffs ($90.2M), and Chemical Products ($41.4M).

During 2018, Chile had a large net trade with Austria in the exports of Vegetable Products ($20.7M), Paper Goods ($8.85M), and Chemical Products ($6.43M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Chile+$12MPackaged Medicaments
Top Product Potential Chile Austria+$5.08MSulfate Chemical Woodpulp

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

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

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