2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$7,829CURRENT US$
Rnk 98 / 196
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195

About

Chile-Belarus Trade: In 2023, Chile exported $16.4M to Belarus. The main products that Chile exported to Belarus were Other Nuts ($7.14M), Non-fillet Frozen Fish ($4.17M), and Processed Crustaceans ($2.26M). Over the past 5 years the exports of Chile to Belarus have decreased at an annualized rate of 1.39%, from $17.5M in 2018 to $16.4M in 2023.

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

Belarus-Chile Trade: In 2023, Belarus exported $293k to Chile. The main products that Belarus exported to Chile were Interchangeable Tool Parts ($168k), Oscilloscopes ($44.5k), and Other Measuring Instruments ($26.2k). Over the past 5 years the exports of Belarus to Chile have decreased at an annualized rate of 37.7%,  from $3.12M in 2018 to $293k in 2023.

In 2014, Belarus exported services to Chile worth $467, with Insurance services ($467) 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, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $16.4M to Belarus. The main products exported from Chile to Belarus were Other Nuts ($7.14M), Non-fillet Frozen Fish ($4.17M), and Processed Crustaceans ($2.26M). During the last 5 years the exports of Chile to Belarus have decreased at an annualized rate of 1.39%, from $17.5M in 2018 to $16.4M in 2023.

In 2018, Belarus exported $293k to Chile. The main products exported from Belarus to Chile were Interchangeable Tool Parts ($168k), Oscilloscopes ($44.5k), and Other Measuring Instruments ($26.2k). During the last 5 years the exports of Belarus to Chile have decreased at an annualized rate of 37.7%, from $3.12M in 2023 to $293k in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Belarus
Top Destination
China$2.6B

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

In 2023, countries that imported more from Chile than Belarus included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Belarus than Chile included Kazakhstan ($757M), Uzbekistan ($509M), and Azerbaijan ($325M).

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

Comparative Advantage Chile - Belarus

Flow
Scale

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

During 2023, Chile had a large net trade with Belarus in the exports of Vegetable Products ($9.31M), Animal Products ($4.21M), and Foodstuffs ($2.84M).

During 2018, Belarus had a large net trade with Chile in the exports of Metals ($168k), Instruments ($95k), and Machines ($26.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Belarus+$791kNon-fillet Frozen Fish
Top Product Potential Belarus Chile+$993kDelivery Trucks

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

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

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