2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
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GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
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 GDP
$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH
23.6%CURRENT US$
Rnk 130 / 195
2023
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GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
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GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
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GDP PC
$11,379CURRENT US$
Rnk 85 / 196
2013-2023
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GDP PC GROWTH
6.21%CURRENT US$
Rnk 145 / 195

About

Chile-Malaysia Trade: In 2023, Chile exported $313M to Malaysia. The main products that Chile exported to Malaysia were Refined Copper ($211M), Non-fillet Frozen Fish ($18.6M), and Copper Ore ($16M). Over the past 5 years the exports of Chile to Malaysia have increased at an annualized rate of 18.3%, from $135M in 2018 to $313M in 2023.

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

Malaysia-Chile Trade: In 2023, Malaysia exported $177M to Chile. The main products that Malaysia exported to Chile were Broadcasting Equipment ($16.1M), Other Vegetable Oils ($12.4M), and Rubber Apparel ($10.2M). Over the past 5 years the exports of Malaysia to Chile have decreased at an annualized rate of 7.49%,  from $262M in 2018 to $177M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $313M to Malaysia. The main products exported from Chile to Malaysia were Refined Copper ($211M), Non-fillet Frozen Fish ($18.6M), and Copper Ore ($16M). During the last 5 years the exports of Chile to Malaysia have increased at an annualized rate of 18.3%, from $135M in 2018 to $313M in 2023.

In 2018, Malaysia exported $177M to Chile. The main products exported from Malaysia to Chile were Broadcasting Equipment ($16.1M), Other Vegetable Oils ($12.4M), and Rubber Apparel ($10.2M). During the last 5 years the exports of Malaysia to Chile have decreased at an annualized rate of 7.49%, from $262M in 2023 to $177M in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Malaysia
Top Destination
China$79.8B

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

In 2023, countries that imported more from Chile than Malaysia included Brazil ($4.4B), Bolivia ($1.36B), and Peru ($1.45B).

In 2023, countries that imported more from Malaysia than Chile included Singapore ($47.3B), China ($79.8B), and United States ($44.9B).

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

Comparative Advantage Chile - Malaysia

Flow
Scale

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

During 2023, Chile had a large net trade with Malaysia in the exports of Metals ($221M), Animal Products ($24.6M), and Mineral Products ($19.1M).

During 2018, Malaysia had a large net trade with Chile in the exports of Machines ($55M), Animal and Vegetable Bi-Products ($29.2M), and Plastics and Rubbers ($24.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Malaysia+$41.5MRefined Copper
Top Product Potential Malaysia Chile+$18.7MTelephones

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

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

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