2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH
-4.87%CURRENT US$
Rnk 176 / 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
$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH
-16.1%CURRENT US$
Rnk 173 / 195

About

Chile-Colombia Trade: In 2023, Chile exported $743M to Colombia. The main products that Chile exported to Colombia were Apples and Pears ($94M), Copper Wire ($52.7M), and Fish Fillets ($39.9M). Over the past 5 years the exports of Chile to Colombia have increased at an annualized rate of 0.44%, from $727M in 2018 to $743M in 2023.

In 2009, Chile exported services to Colombia worth $70.7M, with Transportation ($46.8M), Computer and information services ($16.6M), and Other business services ($7.3M) being the largest in terms of value.

Colombia-Chile Trade: In 2023, Colombia exported $1.16B to Chile. The main products that Colombia exported to Chile were Coal Briquettes ($504M), Raw Sugar ($86.8M), and Beauty Products ($26.3M). Over the past 5 years the exports of Colombia to Chile have decreased at an annualized rate of 3.04%,  from $1.36B in 2018 to $1.16B in 2023.

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

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $743M to Colombia. The main products exported from Chile to Colombia were Apples and Pears ($94M), Copper Wire ($52.7M), and Fish Fillets ($39.9M). During the last 5 years the exports of Chile to Colombia have increased at an annualized rate of 0.44%, from $727M in 2018 to $743M in 2023.

In 2018, Colombia exported $1.16B to Chile. The main products exported from Colombia to Chile were Coal Briquettes ($504M), Raw Sugar ($86.8M), and Beauty Products ($26.3M). During the last 5 years the exports of Colombia to Chile have decreased at an annualized rate of 3.04%, from $1.36B in 2023 to $1.16B in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Colombia
Top Destination
United States$14.8B

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

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

In 2023, countries that imported more from Colombia than Chile included Panama ($4.66B), Ecuador ($2.19B), and Poland ($1.73B).

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

Comparative Advantage Chile - Colombia

Flow
Scale

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

During 2023, Chile had a large net trade with Colombia in the exports of Vegetable Products ($166M), Animal Products ($146M), and Foodstuffs ($109M).

During 2018, Colombia had a large net trade with Chile in the exports of Mineral Products ($540M), Foodstuffs ($166M), and Chemical Products ($149M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Colombia+$7.74MRefined Petroleum
Top Product Potential Colombia Chile+$39.3MRefined Petroleum

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

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

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