2022
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GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH
12.7%CURRENT US$
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2022
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 GDP
$1.41TCURRENT US$
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2012-2022
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GDP GROWTH
17.7%CURRENT US$
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2022
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GDP PC 
$15,356CURRENT US$
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2012-2022
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GDP PC GROWTH
-0.33%CURRENT US$
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2022
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GDP PC
$11,091CURRENT US$
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2012-2022
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GDP PC GROWTH
6.89%CURRENT US$
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About

Chile-Mexico Trade: In 2022, Chile exported $1.77B to Mexico. The main products that Chile exported to Mexico were Fish Fillets ($175M), Mixed Mineral or Chemical Fertilizers ($156M), and Sawn Wood ($129M). Over the past 5 years the exports of Chile to Mexico have increased at an annualized rate of 7.71%, from $1.22B in 2017 to $1.77B in 2022.

In 2009, Chile exported services to Mexico worth $130M, with Transportation ($68.2M), Travel ($31.8M), and Computer and information services ($17.6M) being the largest in terms of value.

Mexico-Chile Trade: In 2022, Mexico exported $1.97B to Chile. The main products that Mexico exported to Chile were Cars ($195M), Delivery Trucks ($157M), and Video Displays ($147M). Over the past 5 years the exports of Mexico to Chile have decreased at an annualized rate of 0.58%,  from $2.04B in 2017 to $1.97B in 2022.

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

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $1.77B to Mexico. The main products exported from Chile to Mexico were Fish Fillets ($175M), Mixed Mineral or Chemical Fertilizers ($156M), and Sawn Wood ($129M). During the last 5 years the exports of Chile to Mexico have increased at an annualized rate of 7.71%, from $1.22B in 2017 to $1.77B in 2022.

In 2017, Mexico exported $1.97B to Chile. The main products exported from Mexico to Chile were Cars ($195M), Delivery Trucks ($157M), and Video Displays ($147M). During the last 5 years the exports of Mexico to Chile have decreased at an annualized rate of 0.58%, from $2.04B in 2022 to $1.97B in 2017.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Mexico
Top Destination
United States$421B

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

In 2022, countries that imported more from Chile than Mexico included China ($38.5B), Japan ($7.43B), and Bolivia ($1.21B).

In 2022, countries that imported more from Mexico than Chile included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

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

Comparative Advantage Chile - Mexico

Flow
Scale

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

During 2022, Chile had a large net trade with Mexico in the exports of Animal Products ($378M), Wood Products ($279M), and Chemical Products ($267M).

During 2017, Mexico had a large net trade with Chile in the exports of Machines ($462M), Transportation ($456M), and Chemical Products ($404M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Mexico+$42MRefined Copper
Top Product Potential Mexico Chile+$158MCars

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

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

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