2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 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
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Chile-Norway Trade: In 2023, Chile exported $372M to Norway. The main products that Chile exported to Norway were Halogens ($176M), Fish Oil ($82.9M), and Other Processed Fruits and Nuts ($19.1M). Over the past 5 years the exports of Chile to Norway have increased at an annualized rate of 28.3%, from $107M in 2018 to $372M in 2023.

In 2009, Chile exported services to Norway worth $17.1M, with Transportation ($17.1M) being the largest in terms of value.

Norway-Chile Trade: In 2023, Norway exported $255M to Chile. The main products that Norway exported to Chile were Passenger and Cargo Ships ($58.7M), Vaccines, blood, antisera, toxins and cultures ($53.9M), and Pesticides ($47.1M). Over the past 5 years the exports of Norway to Chile have increased at an annualized rate of 1.68%,  from $235M in 2018 to $255M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $372M to Norway. The main products exported from Chile to Norway were Halogens ($176M), Fish Oil ($82.9M), and Other Processed Fruits and Nuts ($19.1M). During the last 5 years the exports of Chile to Norway have increased at an annualized rate of 28.3%, from $107M in 2018 to $372M in 2023.

In 2018, Norway exported $255M to Chile. The main products exported from Norway to Chile were Passenger and Cargo Ships ($58.7M), Vaccines, blood, antisera, toxins and cultures ($53.9M), and Pesticides ($47.1M). During the last 5 years the exports of Norway to Chile have increased at an annualized rate of 1.68%, from $235M in 2023 to $255M in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Norway
Top Destination
Germany$33.8B

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

In 2023, countries that imported more from Chile than Norway included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Norway than Chile included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Chile - Norway

Flow
Scale

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

During 2023, Chile had a large net trade with Norway in the exports of Chemical Products ($176M), Animal and Vegetable Bi-Products ($85.5M), and Foodstuffs ($48.6M).

During 2018, Norway had a large net trade with Chile in the exports of Chemical Products ($154M), Transportation ($61.6M), and Machines ($19M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Norway+$3.77MWine
Top Product Potential Norway Chile+$2.57MPackaged Medicaments

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

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

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