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Pricing

2022
Flag → Flag
Exports $6.03MRnk 103 / 185
2022
Flag → Flag
Top Product $1.58MWine
2022
Flag → Flag
Exports $8.4MRnk 39 / 160
2022
Flag → Flag
Top Product $4.23MLiquid Pumps
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Chile-Iceland Trade: In 2022, Chile exported $6.03M to Iceland. The main products that Chile exported to Iceland were Wine ($1.58M), Other Fruits ($878k), and Essential Oils ($816k). Over the past 5 years the exports of Chile to Iceland have decreased at an annualized rate of 3.35%, from $7.15M in 2017 to $6.03M in 2022.

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

Iceland-Chile Trade: In 2022, Iceland exported $8.4M to Chile. The main products that Iceland exported to Chile were Liquid Pumps ($4.23M), Scales ($642k), and Stearic Acid ($489k). Over the past 5 years the exports of Iceland to Chile have decreased at an annualized rate of 7.33%,  from $12.3M in 2017 to $8.4M in 2022.

In 2019, Iceland exported services to Chile worth $1.57M, with Travel ($1.57M) 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

About

Overview In June 2024, Chile exported $36.1k and imported $728k from Iceland, resulting in a negative trade balance of $692k. Between June 2023 and June 2024 the exports of Chile have decreased by $-860k (-96%) from $897k to $36.1k, while imports increased by $469k (181%) from $259k to $728k.

Trade In June 2024, the top exports of Chile to Iceland were Wine ($117k) and Commodities not elsewhere specified ($56.1). In June 2024 the top imports of Chile from Iceland were Other Furniture ($5.85k), Electrical Control Boards ($5.2k), Industrial Printers ($5.03k), Transmissions ($2.65k), and Excavation Machinery ($67.2).

Origins In June 2024 the exports of Chile were mainly from Las Condes ($30.5k) and La Serena ($5.52k), while imports destinations were mainly Quilicura ($240k), Providencia ($223k), Puerto Montt ($134k), Aysén ($101k), and Las Condes ($20k).

Growth In June 2024, the decrease in Chile's year-by-year exports to Iceland was explained primarily by an decrease in product exports in Wine ($-72.3k or -38.2%). In June 2024, the increase in Chile's year-by-year imports  from Iceland was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$-860k(-96%)
IMPORT GROWTH (June 2023 - June 2024)$469k(181%)
MAIN EXPORTER (June 2024)Las Condes$30.5k

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 Iceland and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iceland and Chile Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $6.03M to Iceland. The main products exported from Chile to Iceland were Wine ($1.58M), Other Fruits ($878k), and Essential Oils ($816k). During the last 5 years the exports of Chile to Iceland have decreased at an annualized rate of 3.35%, from $7.15M in 2017 to $6.03M in 2022.

In 2017, Iceland exported $8.4M to Chile. The main products exported from Iceland to Chile were Liquid Pumps ($4.23M), Scales ($642k), and Stearic Acid ($489k). During the last 5 years the exports of Iceland to Chile have decreased at an annualized rate of 7.33%, from $12.3M in 2022 to $8.4M in 2017.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.5B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Chile than Iceland included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2022, countries that imported more from Iceland than Chile included Norway ($459M), Poland ($367M), and Denmark ($257M).

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

Comparative Advantage Chile - Iceland

Flow
Scale

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

During 2022, Chile had a large net trade with Iceland in the exports of Vegetable Products ($2.74M), Foodstuffs ($1.69M), and Chemical Products ($850k).

During 2017, Iceland had a large net trade with Chile in the exports of Machines ($5.84M), Instruments ($1.28M), and Animal and Vegetable Bi-Products ($799k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Iceland+N/AN/A
Top Product Potential Iceland Chile+N/AN/A

N/A

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Bilateral Service Trade

In 2019, Iceland exported services to Chile worth $1.57M, with Travel ($1.57M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Chile (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Chile and Iceland. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Chile.

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

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