2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH
-6.01%CURRENT US$
Rnk 178 / 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
$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH
-32.1%CURRENT US$
Rnk 187 / 195

About

Chile-Kuwait Trade: In 2023, Chile exported $12.9M to Kuwait. The main products that Chile exported to Kuwait were Processed Tomatoes ($3.46M), Sawn Wood ($2.54M), and Other Nuts ($1.67M). Over the past 5 years the exports of Chile to Kuwait have decreased at an annualized rate of 15.3%, from $29.6M in 2018 to $12.9M in 2023.

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

Kuwait-Chile Trade: In 2023, Kuwait exported $47.1k to Chile. The main products that Kuwait exported to Chile were Other Engines ($26.4k), Perfumes ($10.3k), and Liquid Pumps ($5.14k). Over the past 5 years the exports of Kuwait to Chile have decreased at an annualized rate of 20%,  from $144k in 2018 to $47.1k in 2023.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $12.9M to Kuwait. The main products exported from Chile to Kuwait were Processed Tomatoes ($3.46M), Sawn Wood ($2.54M), and Other Nuts ($1.67M). During the last 5 years the exports of Chile to Kuwait have decreased at an annualized rate of 15.3%, from $29.6M in 2018 to $12.9M in 2023.

In 2018, Kuwait exported $47.1k to Chile. The main products exported from Kuwait to Chile were Other Engines ($26.4k), Perfumes ($10.3k), and Liquid Pumps ($5.14k). During the last 5 years the exports of Kuwait to Chile have decreased at an annualized rate of 20%, from $144k in 2023 to $47.1k in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Kuwait
Top Destination
China$17.4B

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

In 2023, countries that imported more from Chile than Kuwait included China ($38.2B), United States ($15.7B), and South Korea ($6.02B).

In 2023, countries that imported more from Kuwait than Chile included India ($9.51B), Chinese Taipei ($4.74B), and Egypt ($2.78B).

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

Comparative Advantage Chile - Kuwait

Flow
Scale

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

During 2023, Chile had a large net trade with Kuwait in the exports of Vegetable Products ($5.93M), Foodstuffs ($3.64M), and Wood Products ($2.55M).

During 2018, Kuwait had a large net trade with Chile in the exports of Machines ($31.5k), Chemical Products ($11.3k), and Transportation ($2.48k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Kuwait+$585kOther Fruits
Top Product Potential Kuwait Chile+$60.3kSodium or Potassium Peroxides

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

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

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