2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Chile-Denmark Trade: In 2022, Chile exported $143M to Denmark. The main products that Chile exported to Denmark were Wine ($33.2M), Fish Oil ($24.7M), and Plywood ($18.5M). Over the past 5 years the exports of Chile to Denmark have decreased at an annualized rate of 6.41%, from $200M in 2017 to $143M in 2022.

In 2022, Chile did not export any services to Denmark.

Denmark-Chile Trade: In 2022, Denmark exported $236M to Chile. The main products that Denmark exported to Chile were Packaged Medicaments ($65.1M), Vaccines, blood, antisera, toxins and cultures ($10.5M), and Enzymes ($9.49M). Over the past 5 years the exports of Denmark to Chile have increased at an annualized rate of 6.05%,  from $176M in 2017 to $236M in 2022.

In 2020, Denmark exported services to Chile worth $238M, with Transportation ($215M), Computer and information services ($8M), and Other business services ($4.91M) being the largest in terms of value.

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $143M to Denmark. The main products exported from Chile to Denmark were Wine ($33.2M), Fish Oil ($24.7M), and Plywood ($18.5M). During the last 5 years the exports of Chile to Denmark have decreased at an annualized rate of 6.41%, from $200M in 2017 to $143M in 2022.

In 2017, Denmark exported $236M to Chile. The main products exported from Denmark to Chile were Packaged Medicaments ($65.1M), Vaccines, blood, antisera, toxins and cultures ($10.5M), and Enzymes ($9.49M). During the last 5 years the exports of Denmark to Chile have increased at an annualized rate of 6.05%, from $176M in 2022 to $236M in 2017.

Exports from Chile (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to Chile (Flag) (2022)

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from Chile than Denmark included China ($38.5B), Japan ($7.43B), and South Korea ($6.13B).

In 2022, countries that imported more from Denmark than Chile included Germany ($18.9B), Sweden ($11.6B), and Norway ($6.53B).

Difference in imports from Denmark (Flag) and Chile (Flag) (2022)

Comparative Advantage Chile - Denmark

Flow
Scale

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

During 2022, Chile had a large net trade with Denmark in the exports of Foodstuffs ($49.3M), Vegetable Products ($31.1M), and Animal and Vegetable Bi-Products ($24.9M).

During 2017, Denmark had a large net trade with Chile in the exports of Chemical Products ($102M), Machines ($70.3M), and Instruments ($19.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Denmark+$4.44MFish Fillets
Top Product Potential Denmark Chile+$15.2MPackaged 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, Denmark exported services to Chile worth $238M, with Transportation ($215M), Computer and information services ($8M), and Other business services ($4.91M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Product Space of Chile (Flag) and Denmark (Flag) (2022)

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