2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Chile-Norway Trade: In 2022, Chile exported $149M to Norway. The main products that Chile exported to Norway were Fish oil ($36.8M), Halogens ($28.8M), and Animal Meal and Pellets ($16.1M). Over the past 5 years the exports of Chile to Norway have increased at an annualized rate of 12.9%, from $81.3M in 2017 to $149M in 2022.

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 2022, Norway exported $236M to Chile. The main products that Norway exported to Chile were Passenger and Cargo Ships ($59.2M), Vaccines, blood, antisera, toxins and cultures ($52.1M), and Pesticides ($28.6M). Over the past 5 years the exports of Norway to Chile have increased at an annualized rate of 22.2%,  from $86.7M in 2017 to $236M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $149M to Norway. The main products exported from Chile to Norway were Fish oil ($36.8M), Halogens ($28.8M), and Animal Meal and Pellets ($16.1M). During the last 5 years the exports of Chile to Norway have increased at an annualized rate of 12.9%, from $81.3M in 2017 to $149M in 2022.

In 2017, Norway exported $236M to Chile. The main products exported from Norway to Chile were Passenger and Cargo Ships ($59.2M), Vaccines, blood, antisera, toxins and cultures ($52.1M), and Pesticides ($28.6M). During the last 5 years the exports of Norway to Chile have increased at an annualized rate of 22.2%, from $86.7M in 2022 to $236M in 2017.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Norway
Top Destination
Germany$78.1B

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 2022, countries that imported more from Chile than Norway included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2022, countries that imported more from Norway than Chile included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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 2022, Chile had a large net trade with Norway in the exports of Animal and Vegetable Bi-Products ($38.7M), Foodstuffs ($37.2M), and Vegetable Products ($31.2M).

During 2017, Norway had a large net trade with Chile in the exports of Chemical Products ($108M), Transportation ($85.7M), and Machines ($19.3M).

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) (2022)

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