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2022
Flag → Flag
Exports $1.42BRnk 11 / 185
2022
Flag → Flag
Top Product $412MCopper Ore
2022
Flag → Flag
Exports $1.96BRnk 32 / 218
2022
Flag → Flag
Top Product $129MCars
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Chile-Spain Trade: In 2022, Chile exported $1.42B to Spain. The main products that Chile exported to Spain were Copper Ore ($412M), Refined Copper ($250M), and Raw Copper ($109M). Over the past 5 years the exports of Chile to Spain have decreased at an annualized rate of 4.29%, from $1.77B in 2017 to $1.42B in 2022.

In 2009, Chile exported services to Spain worth $358M, with Transportation ($180M), Other business services ($86.2M), and Travel ($84.6M) being the largest in terms of value.

Spain-Chile Trade: In 2022, Spain exported $1.96B to Chile. The main products that Spain exported to Chile were Cars ($129M), Insulated Wire ($94.9M), and Delivery Trucks ($76.7M). Over the past 5 years the exports of Spain to Chile have increased at an annualized rate of 4.14%,  from $1.6B in 2017 to $1.96B in 2022.

In 2009, Spain exported services to Chile worth $532M, with Services not allocated ($437M) and Transportation ($95.1M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Latest Trends

September, 2024

About

Overview In September 2024, Chile exported $194M and imported $111M from Spain, resulting in a positive trade balance of $83M. Between September 2023 and September 2024 the exports of Chile have increased by $73M (60.4%) from $121M to $194M, while imports decreased by $-12.2M (-9.91%) from $123M to $111M.

Trade In September 2024, the top exports of Chile to Spain were Copper Ore ($49.3M), Refined Copper ($22.6M), Commodities not elsewhere specified ($4.29M), Processed Crustaceans ($3.78M), and Fish Fillets ($3.46M). In September 2024 the top imports of Chile from Spain were Non-Knit Women's Suits ($9.23M), Trunks and Cases ($7.33M), Knit Sweaters ($3.84M), Knit Women's Suits ($3.6M), and Valves ($3.51M).

Origins In September 2024 the exports of Chile were mainly from Santiago ($76.6M), Las Condes ($67.9M), Puerto Montt ($5.03M), Providencia ($4.72M), and Paine ($4.64M), while imports destinations were mainly Las Condes ($46.8M), Santiago ($7.61M), Colina ($5.44M), Lo Barnechea ($4.78M), and Buin ($4.64M).

Growth In September 2024, the increase in Chile's year-by-year exports to Spain was explained primarily by an increase in product exports in Copper Ore ($26.4M or 115%), Animal Meal and Pellets ($2.45M or 808%), and Processed Crustaceans ($1.83M or 94.4%). In September 2024, the decrease in Chile's year-by-year imports  from Spain was explained primarily by an decrease in product imports  in Non-Knit Women's Suits ($-22.3M or -70.8%), Knit Sweaters ($-19.2M or -83.3%), and Trunks and Cases ($-14.6M or -66.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$73M(60.4%)
IMPORT GROWTH (September 2023 - September 2024)$-12.2M(-9.91%)
MAIN EXPORTER (September 2024)Santiago$76.6M

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 Spain and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Spain and Chile Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $1.42B to Spain. The main products exported from Chile to Spain were Copper Ore ($412M), Refined Copper ($250M), and Raw Copper ($109M). During the last 5 years the exports of Chile to Spain have decreased at an annualized rate of 4.29%, from $1.77B in 2017 to $1.42B in 2022.

In 2017, Spain exported $1.96B to Chile. The main products exported from Spain to Chile were Cars ($129M), Insulated Wire ($94.9M), and Delivery Trucks ($76.7M). During the last 5 years the exports of Spain to Chile have increased at an annualized rate of 4.14%, from $1.6B in 2022 to $1.96B in 2017.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.5B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Chile than Spain included China ($38.5B), South Korea ($6.13B), and Bolivia ($1.21B).

In 2022, countries that imported more from Spain than Chile included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Chile - Spain

Flow
Scale

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

During 2022, Chile had a large net trade with Spain in the exports of Mineral Products ($417M), Metals ($379M), and Animal Products ($155M).

During 2017, Spain had a large net trade with Chile in the exports of Machines ($512M), Chemical Products ($289M), and Transportation ($268M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Spain+$36.5MRefined Copper
Top Product Potential Spain Chile+$75.6MCars

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

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

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