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2023
Flag → Flag
Exports $62.9MRnk 59 / 183
2023
Flag → Flag
Top Product $21.4MWine
2023
Flag → Flag
Exports $372MRnk 35 / 206
2023
Flag → Flag
Top Product $17.1MOther Construction Vehicles
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
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GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
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 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC $17,068CURRENT US$
Rnk 68 / 195
2013-2023
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GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195
2023
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GDP PC$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Chile-Finland Trade: In 2023, Chile exported $62.9M to Finland. The main products that Chile exported to Finland were Wine ($21.4M), Copper Ore ($19.8M), and Zinc Ore ($7.16M). Over the past 5 years the exports of Chile to Finland have decreased at an annualized rate of 26.2%, from $287M in 2018 to $62.9M in 2023.

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

Finland-Chile Trade: In 2023, Finland exported $372M to Chile. The main products that Finland exported to Chile were Other Construction Vehicles ($17.1M), Other Uncoated Paper ($17M), and Large Construction Vehicles ($16.1M). Over the past 5 years the exports of Finland to Chile have increased at an annualized rate of 3.3%,  from $316M in 2018 to $372M in 2023.

In 2020, Finland exported services to Chile worth $112M, with Other business services ($73.1M), Computer and information services ($35.4M), and Transportation ($2.28M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Chile exported $3.22M and imported $16.6M from Finland, resulting in a negative trade balance of $13.4M. Between November 2023 and November 2024 the exports of Chile have increased by $1.05M (48.7%) from $2.16M to $3.22M, while imports increased by $5.48M (49.3%) from $11.1M to $16.6M.

Trade In November 2024, the top exports of Chile to Finland were Wine ($1.71M), Other Stone Articles ($299k), Vermouth ($138k), Plywood ($63.1k), and Commodities not elsewhere specified ($35.3k). In November 2024 the top imports of Chile from Finland were Telephones ($4.46M), Surveying Equipment ($3.34M), Electrical Transformers ($940k), Audio Alarms ($574k), and Low-voltage Protection Equipment ($572k).

Origins In November 2024 the exports of Chile were mainly from Las Condes ($1.18M), Pirque ($748k), Vitacura ($451k), Vicuña ($278k), and Lampa ($113k), while imports destinations were mainly Las Condes ($9.97M), Penco ($1.61M), Vitacura ($1.32M), Santiago ($685k), and Conchalí ($531k).

Growth In November 2024, the increase in Chile's year-by-year exports to Finland was explained primarily by an increase in product exports in Wine ($115k or 7.21%), Jams ($8.87k or 57.5%), and Wood Crates ($487 or 57.1%). In November 2024, the increase in Chile's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Surveying Equipment ($3.11M or 1.35k%), Telephones ($2.33M or 109%), and Audio Alarms ($556k or 3.06k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$1.05M(48.7%)
IMPORT GROWTH (November 2023 - November 2024)$5.48M(49.3%)
MAIN EXPORTER (November 2024)Las Condes$1.18M

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 Finland and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Chile Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $62.9M to Finland. The main products exported from Chile to Finland were Wine ($21.4M), Copper Ore ($19.8M), and Zinc Ore ($7.16M). During the last 5 years the exports of Chile to Finland have decreased at an annualized rate of 26.2%, from $287M in 2018 to $62.9M in 2023.

In 2018, Finland exported $372M to Chile. The main products exported from Finland to Chile were Other Construction Vehicles ($17.1M), Other Uncoated Paper ($17M), and Large Construction Vehicles ($16.1M). During the last 5 years the exports of Finland to Chile have increased at an annualized rate of 3.3%, from $316M in 2023 to $372M in 2018.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.2B
Finland
Top DestinationUnited States$9.68B

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

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

In 2023, countries that imported more from Finland than Chile included Germany ($9.26B), Sweden ($8.13B), and Netherlands ($5.51B).

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

Comparative Advantage Chile - Finland

Flow
Scale

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

During 2023, Chile had a large net trade with Finland in the exports of Mineral Products ($27M), Foodstuffs ($23.3M), and Vegetable Products ($7.71M).

During 2018, Finland had a large net trade with Chile in the exports of Machines ($208M), Paper Goods ($47.9M), and Chemical Products ($35.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Finland+$15.9MCopper Ore
Top Product Potential Finland Chile+$5.46MDelivery 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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Bilateral Service Trade

In 2020, Finland exported services to Chile worth $112M, with Other business services ($73.1M), Computer and information services ($35.4M), and Transportation ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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