2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$30.7BCURRENT US$
Rnk 110 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 87 / 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
$2,958CURRENT US$
Rnk 142 / 196
2013-2023
Flag
GDP PC GROWTH
15.5%CURRENT US$
Rnk 117 / 195

About

Chile-Papua New Guinea Trade: In 2023, Chile exported $55.1k to Papua New Guinea. The main products that Chile exported to Papua New Guinea were Corn ($51.4k), Computers ($3.31k), and Integrated Circuits ($410). Over the past 5 years the exports of Chile to Papua New Guinea have decreased at an annualized rate of 45.6%, from $1.16M in 2018 to $55.1k in 2023.

In 2023, Chile did not export any services to Papua New Guinea.

Papua New Guinea-Chile Trade: In 2023, Papua New Guinea exported $62.3k to Chile. The main products that Papua New Guinea exported to Chile were Fish Oil ($49.8k), Broadcasting Accessories ($7.3k), and Office Machine Parts ($3.32k). Over the past 5 years the exports of Papua New Guinea to Chile have increased at an annualized rate of 12.5%,  from $27.3k in 2018 to $62.3k in 2023.

In 2023, Papua New Guinea 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, Papua New Guinea ranked 127 in the Economic Complexity Index (ECI -1.63), and 93 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $55.1k to Papua New Guinea. The main products exported from Chile to Papua New Guinea were Corn ($51.4k), Computers ($3.31k), and Integrated Circuits ($410). During the last 5 years the exports of Chile to Papua New Guinea have decreased at an annualized rate of 45.6%, from $1.16M in 2018 to $55.1k in 2023.

In 2018, Papua New Guinea exported $62.3k to Chile. The main products exported from Papua New Guinea to Chile were Fish Oil ($49.8k), Broadcasting Accessories ($7.3k), and Office Machine Parts ($3.32k). During the last 5 years the exports of Papua New Guinea to Chile have increased at an annualized rate of 12.5%, from $27.3k in 2023 to $62.3k in 2018.

Exports from Chile (Flag) to Papua New Guinea (Flag) (2023)

Exports from Papua New Guinea (Flag) to Chile (Flag) (2023)

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Papua New Guinea
Top Destination
China$3.55B

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

In 2023, countries that imported more from Chile than Papua New Guinea included China ($38.2B), United States ($15.7B), and South Korea ($6.02B).

In 2023, countries that imported more from Papua New Guinea than Chile included Australia ($2.07B), Philippines ($253M), and Singapore ($181M).

Difference in imports from Papua New Guinea (Flag) and Chile (Flag) (2023)

Comparative Advantage Chile - Papua New Guinea

Flow
Scale

This chart compares trade between Chile and Papua New Guinea by product, considering products traded by both, Chile and Papua New Guinea.

During 2023, Chile had a large net trade with Papua New Guinea in the exports of Vegetable Products ($51.4k) and Machines ($3.72k).

During 2018, Papua New Guinea had a large net trade with Chile in the exports of Animal and Vegetable Bi-Products ($49.8k) and Machines ($12.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Papua New Guinea+$3.17kRefined Petroleum
Top Product Potential Papua New Guinea Chile+$6.8kPetroleum Gas

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

Product Space of Chile (Flag) and Papua New Guinea (Flag) (2023)

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