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2023
Flag → Flag
Exports $1.72BRnk 6 / 183
2023
Flag → Flag
Top Product $186MFish Fillets
2023
Flag → Flag
Exports $1.67BRnk 21 / 158
2023
Flag → Flag
Top Product $148MVideo Displays
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag  
GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC $17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

Chile-Mexico Trade: In 2023, Chile exported $1.72B to Mexico. The main products that Chile exported to Mexico were Fish Fillets ($186M), Refined Copper ($125M), and Mixed Mineral or Chemical Fertilizers ($123M). Over the past 5 years the exports of Chile to Mexico have increased at an annualized rate of 4.86%, from $1.35B in 2018 to $1.72B in 2023.

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 2023, Mexico exported $1.67B to Chile. The main products that Mexico exported to Chile were Video Displays ($148M), Cars ($134M), and Hair Products ($99.4M). Over the past 5 years the exports of Mexico to Chile have decreased at an annualized rate of 6.92%,  from $2.4B in 2018 to $1.67B in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Latest Trends

November, 2024

About

Overview In November 2024, Chile exported $150M and imported $31M from Mexico, resulting in a positive trade balance of $119M. Between November 2023 and November 2024 the exports of Chile have increased by $37.3M (33.1%) from $113M to $150M, while imports increased by $6.75M (27.8%) from $24.3M to $31M.

Trade In November 2024, the top exports of Chile to Mexico were Mixed Mineral or Chemical Fertilizers ($29.5M), Fish Fillets ($16.5M), Poultry Meat ($11.3M), Sawn Wood ($6.81M), and Onions ($6.62M). In November 2024 the top imports of Chile from Mexico were Motor vehicles; parts and accessories (8701... ($1.36M), Transmissions ($1.19M), Interchangeable Tool Parts ($983k), Valves ($845k), and Gaskets ($816k).

Origins In November 2024 the exports of Chile were mainly from Las Condes ($61.1M), Santiago ($13M), Puerto Montt ($8.89M), Rancagua ($6.4M), and Quilicura ($3.83M), while imports destinations were mainly Las Condes ($6.98M), Providencia ($5.44M), Vitacura ($4.23M), Estación Central ($2.13M), and Santiago ($2.02M).

Growth In November 2024, the increase in Chile's year-by-year exports to Mexico was explained primarily by an increase in product exports in Mixed Mineral or Chemical Fertilizers ($26.7M or 966%), Fish Fillets ($7.78M or 89.5%), and Poultry Meat ($3.79M or 50.2%). In November 2024, the increase in Chile's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Interchangeable Tool Parts ($810k or 471%), Valves ($737k or 680%), and Gaskets ($718k or 728%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$37.3M(33.1%)
IMPORT GROWTH (November 2023 - November 2024)$6.75M(27.8%)
MAIN EXPORTER (November 2024)Las Condes$61.1M

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 Mexico and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Chile Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $1.72B to Mexico. The main products exported from Chile to Mexico were Fish Fillets ($186M), Refined Copper ($125M), and Mixed Mineral or Chemical Fertilizers ($123M). During the last 5 years the exports of Chile to Mexico have increased at an annualized rate of 4.86%, from $1.35B in 2018 to $1.72B in 2023.

In 2018, Mexico exported $1.67B to Chile. The main products exported from Mexico to Chile were Video Displays ($148M), Cars ($134M), and Hair Products ($99.4M). During the last 5 years the exports of Mexico to Chile have decreased at an annualized rate of 6.92%, from $2.4B in 2023 to $1.67B in 2018.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.2B
Mexico
Top DestinationUnited States$456B

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 2023, countries that imported more from Chile than Mexico included China ($38.2B), South Korea ($6.02B), and Japan ($7.1B).

In 2023, countries that imported more from Mexico than Chile included United States ($456B), Canada ($33B), and Germany ($10.7B).

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

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 2023, Chile had a large net trade with Mexico in the exports of Animal Products ($339M), Wood Products ($244M), and Foodstuffs ($229M).

During 2018, Mexico had a large net trade with Chile in the exports of Machines ($503M), Chemical Products ($377M), and Transportation ($260M).

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) (2023)

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