2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH
6.91%CURRENT US$
Rnk 164 / 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
$5,565CURRENT US$
Rnk 118 / 196
2013-2023
Flag
GDP PC GROWTH
-16.3%CURRENT US$
Rnk 174 / 195

About

Chile-Iraq Trade: In 2023, Chile exported $3.48M to Iraq. The main products that Chile exported to Iraq were Grapes ($2.87M), Wine ($243k), and Packaged Medicaments ($158k). Over the past 5 years the exports of Chile to Iraq have increased at an annualized rate of 2.57%, from $3.07M in 2018 to $3.48M in 2023.

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

Iraq-Chile Trade: In 2023, Iraq exported $44.5k to Chile. The main products that Iraq exported to Chile were Liquid Pumps ($22.4k), Tropical Fruits ($21.5k), and Valves ($480). Over the past 5 years the exports of Iraq to Chile have increased at an annualized rate of 123%,  from $805 in 2018 to $44.5k in 2023.

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $3.48M to Iraq. The main products exported from Chile to Iraq were Grapes ($2.87M), Wine ($243k), and Packaged Medicaments ($158k). During the last 5 years the exports of Chile to Iraq have increased at an annualized rate of 2.57%, from $3.07M in 2018 to $3.48M in 2023.

In 2018, Iraq exported $44.5k to Chile. The main products exported from Iraq to Chile were Liquid Pumps ($22.4k), Tropical Fruits ($21.5k), and Valves ($480). During the last 5 years the exports of Iraq to Chile have increased at an annualized rate of 123%, from $805 in 2023 to $44.5k in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Iraq
Top Destination
China$35.5B

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

In 2023, countries that imported more from Chile than Iraq included Japan ($7.1B), United States ($15.7B), and South Korea ($6.02B).

In 2023, countries that imported more from Iraq than Chile included India ($29.8B), Greece ($5.68B), and United Arab Emirates ($5.65B).

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

Comparative Advantage Chile - Iraq

Flow
Scale

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

During 2023, Chile had a large net trade with Iraq in the exports of Vegetable Products ($2.97M), Foodstuffs ($243k), and Chemical Products ($158k).

During 2018, Iraq had a large net trade with Chile in the exports of Machines ($22.9k), Vegetable Products ($21.5k), and Footwear and Headwear ($91).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Iraq+$693kOther Nuts
Top Product Potential Iraq Chile+$11.6kCrude 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 Iraq. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Chile.

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

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