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2023
Flag → Flag
Exports $48.1MRnk 62 / 183
2023
Flag → Flag
Top Product $7.91MSulfate Chemical Woodpulp
2023
Flag → Flag
Exports $339MRnk 51 / 213
2023
Flag → Flag
Top Product $79.7MFlavored Water
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
Flag  
GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC $17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 195

About

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 21.5%, from $161M in 2018 to $48.1M in 2023.

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

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.

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Latest Trends

December, 2024

About

Overview In December 2024, Chile exported $1.66M and imported $21.7M from Austria, resulting in a negative trade balance of $20M. Between December 2023 and December 2024 the exports of Chile have increased by $1M (153%) from $656k to $1.66M, while imports increased by $9.42M (76.7%) from $12.3M to $21.7M.

Trade In December 2024, the top exports of Chile to Austria were Other Nuts ($463k), Frozen Fruits and Nuts ($136k), Other Vegetable Products ($136k), Packaged Medicaments ($109k), and Dried Fruits ($99.8k). In December 2024 the top imports of Chile from Austria were Low-voltage Protection Equipment ($1.41M), Glass Fibers ($1.08M), Refractory Cements ($1.01M), Centrifuges ($875k), and Electrical Ignitions ($873k).

Origins In December 2024 the exports of Chile were mainly from N/A, while imports destinations were mainly Las Condes ($12.7M), Viña Del Mar ($1.88M), Santiago ($1.74M), Renca ($1.06M), and Concepción ($753k).

Growth In December 2024, the increase in Chile's year-by-year exports to Austria was explained primarily by an increase in product exports in Other Nuts ($387k or 508%), Commodities not elsewhere specified ($80.2k or 429%), and Other Vegetable Products ($45.9k or 51%). In December 2024, the increase in Chile's year-by-year imports  from Austria was explained primarily by an increase in product imports  in Low-voltage Protection Equipment ($1.05M or 290%), Orthopedic Appliances ($618k or 2.25k%), and Centrifuges ($468k or 115%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$1M(153%)
IMPORT GROWTH (December 2023 - December 2024)$9.42M(76.7%)

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

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

For full datasets download visit Bulk Download page.

Explore Austria and Chile Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 21.5%, from $161M in 2018 to $48.1M in 2023.

In 2018, 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 2023 to $339M in 2018.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.2B
Austria
Top DestinationGermany$51B

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

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

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

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

Comparative Advantage Chile - Austria

Flow
Scale

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

During 2023, 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).

During 2018, Austria had a large net trade with Chile in the exports of Machines ($124M), Foodstuffs ($90.2M), and Chemical Products ($41.4M).

Potential Exports

Potential Exports

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

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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Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Austria (Flag) to Chile (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Chile and Austria. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Chile.

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

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