2023
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GDP
$336BCURRENT US$
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2013-2023
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GDP GROWTH
21%CURRENT US$
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2023
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$645BCURRENT US$
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GDP GROWTH
23%CURRENT US$
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GDP PC 
$17,068CURRENT US$
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GDP PC GROWTH
8.83%CURRENT US$
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2023
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GDP PC
$54,701CURRENT US$
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16.5%CURRENT US$
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About

Chile-Belgium Trade: In 2023, Chile exported $723M to Belgium. The main products that Chile exported to Belgium were Halogens ($396M), Molybdenum Ore ($85.8M), and Carbonates ($66.1M). Over the past 5 years the exports of Chile to Belgium have increased at an annualized rate of 3.72%, from $602M in 2018 to $723M in 2023.

In 2009, Chile exported services to Belgium worth $4.82M, with Transportation ($4.82M) being the largest in terms of value.

Belgium-Chile Trade: In 2023, Belgium exported $541M to Chile. The main products that Belgium exported to Chile were Other Frozen Vegetables ($107M), Vaccines, blood, antisera, toxins and cultures ($35.4M), and Sulfuric Acid ($35M). Over the past 5 years the exports of Belgium to Chile have increased at an annualized rate of 3.67%,  from $452M in 2018 to $541M in 2023.

In 2020, Belgium exported services to Chile worth $92.5M, with Transportation ($35.4M), Other business services ($33.1M), and Computer and information services ($11.4M) 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, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $723M to Belgium. The main products exported from Chile to Belgium were Halogens ($396M), Molybdenum Ore ($85.8M), and Carbonates ($66.1M). During the last 5 years the exports of Chile to Belgium have increased at an annualized rate of 3.72%, from $602M in 2018 to $723M in 2023.

In 2018, Belgium exported $541M to Chile. The main products exported from Belgium to Chile were Other Frozen Vegetables ($107M), Vaccines, blood, antisera, toxins and cultures ($35.4M), and Sulfuric Acid ($35M). During the last 5 years the exports of Belgium to Chile have increased at an annualized rate of 3.67%, from $452M in 2023 to $541M in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Belgium
Top Destination
France$85.6B

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

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

In 2023, countries that imported more from Belgium than Chile included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage Chile - Belgium

Flow
Scale

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

During 2023, Chile had a large net trade with Belgium in the exports of Chemical Products ($498M), Mineral Products ($87M), and Animal and Vegetable Bi-Products ($44.4M).

During 2018, Belgium had a large net trade with Chile in the exports of Chemical Products ($151M), Foodstuffs ($145M), and Machines ($63.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Belgium+$8.38MWine
Top Product Potential Belgium Chile+$30MCars

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

Chl Year

In 2009, Chile exported services to Belgium worth $4.82M, with Transportation ($4.82M) being the largest in terms of value.

In 2020, Belgium exported services to Chile worth $92.5M, with Transportation ($35.4M), Other business services ($33.1M), and Computer and information services ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Chile (Flag) to Belgium (Flag) (2009)

Services Exports from Belgium (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 Belgium. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Chile.

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

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