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2023
Flag → Flag
Exports $829MRnk 33 / 215
2023
Flag → Flag
Top Product $159MWheat
2023
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Exports $1.66BRnk 8 / 183
2023
Flag → Flag
Top Product $469MRaw Copper
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
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Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
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 GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
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GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC$17,068CURRENT US$
Rnk 68 / 196
2013-2023
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GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

About

Canada-Chile Trade: In 2023, Canada exported $829M to Chile. The main products that Canada exported to Chile were Wheat ($159M), Coal Briquettes ($60.9M), and Packaged Medicaments ($41.9M). Over the past 5 years the exports of Canada to Chile have decreased at an annualized rate of 1.63%, from $900M in 2018 to $829M in 2023.

In 2020, Canada exported services to Chile worth $53.7M, with Travel ($19.4M), Transportation ($8.95M), and Financial services ($8.2M) being the largest in terms of value.

Chile-Canada Trade: In 2023, Chile exported $1.66B to Canada. The main products that Chile exported to Canada were Raw Copper ($469M), Gold ($239M), and Fish Fillets ($187M). Over the past 5 years the exports of Chile to Canada have increased at an annualized rate of 6.2%,  from $1.23B in 2018 to $1.66B in 2023.

In 2009, Chile exported services to Canada worth $86.6M, with Travel ($39.7M), Other business services ($25.8M), and Transportation ($21.1M) being the largest in terms of value.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$66.6M and imported C$251M from Chile, resulting in a negative trade balance of C$184M. Between November 2023 and November 2024 the exports of Canada have increased by C$6.37M (10.6%) from C$60.2M to C$66.6M, while imports increased by C$132M (110%) from C$119M to C$251M.

Trade In November 2024, the top exports of Canada to Chile were Wheat (C$17.7M), Sulfur (C$8.94M), Packaged Medicaments (C$7.42M), Other Agricultural Machinery (C$3.85M), and Excavation Machinery (C$2.71M). In November 2024 the top imports of Canada from Chile were Gold (C$29M), Fish Fillets (C$27M), Silver (C$25.3M), Other Fruits (C$14.3M), and Pitted Fruits (C$14.2M).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$20.7M), British Columbia (C$12.4M), Saskatchewan (C$10.5M), Quebec (C$10.2M), and Alberta (C$6.63M), while imports destinations were mainly Quebec (C$159M), Ontario (C$72.1M), British Columbia (C$13M), Alberta (C$2.82M), and Nova Scotia (C$2.01M).

Growth In November 2024, the increase in Canada's year-by-year exports to Chile was explained primarily by an increase in product exports in Other Agricultural Machinery (C$3.72M or 2.98k%), Other Construction Vehicles (C$2.24M or 1.83k%), and Woodworking machines (C$2.14M or 67.3k%). In November 2024, the increase in Canada's year-by-year imports  from Chile was explained primarily by an increase in product imports  in Gold (C$23.4M or 422%), Fish Fillets (C$9.96M or 58.5%), and Pitted Fruits (C$4.21M or 42.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$6.37M(10.6%)
IMPORT GROWTH (November 2023 - November 2024)C$132M(110%)
MAIN EXPORTER (November 2024)OntarioC$20.7M

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

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

For full datasets download visit Bulk Download page.

Explore Chile and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $829M to Chile. The main products exported from Canada to Chile were Wheat ($159M), Coal Briquettes ($60.9M), and Packaged Medicaments ($41.9M). During the last 5 years the exports of Canada to Chile have decreased at an annualized rate of 1.63%, from $900M in 2018 to $829M in 2023.

In 2018, Chile exported $1.66B to Canada. The main products exported from Chile to Canada were Raw Copper ($469M), Gold ($239M), and Fish Fillets ($187M). During the last 5 years the exports of Chile to Canada have increased at an annualized rate of 6.2%, from $1.23B in 2023 to $1.66B in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Canada than Chile included United States ($410B), United Kingdom ($18B), and Mexico ($8.76B).

In 2023, countries that imported more from Chile than Canada included China ($38.2B), Bolivia ($1.36B), and South Korea ($6.02B).

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

Comparative Advantage Canada - Chile

Flow
Scale

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

During 2023, Canada had a large net trade with Chile in the exports of Vegetable Products ($217M), Machines ($190M), and Mineral Products ($100M).

During 2018, Chile had a large net trade with Canada in the exports of Metals ($510M), Precious Metals ($365M), and Vegetable Products ($279M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Chile+$35.9MCars
Top Product Potential Chile Canada+$31.3MRefined Copper

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

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

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