NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $83.9MRnk 52 / 183
2023
Flag → Flag
Top Product $17.2MSulfate Chemical Woodpulp
2023
Flag → Flag
Exports $105MRnk 53 / 211
2023
Flag → Flag
Top Product $16.6MOther Heating Machinery
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Chile-Portugal Trade: In 2023, Chile exported $83.9M to Portugal. The main products that Chile exported to Portugal were Sulfate Chemical Woodpulp ($17.2M), Non-fillet Frozen Fish ($13.7M), and Pure Olive Oil ($7.66M). Over the past 5 years the exports of Chile to Portugal have increased at an annualized rate of 5.24%, from $65M in 2018 to $83.9M in 2023.

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

Portugal-Chile Trade: In 2023, Portugal exported $105M to Chile. The main products that Portugal exported to Chile were Other Heating Machinery ($16.6M), Natural Cork Articles ($11.1M), and Raw Plastic Sheeting ($4.81M). Over the past 5 years the exports of Portugal to Chile have decreased at an annualized rate of 10.8%,  from $186M in 2018 to $105M in 2023.

In 2003, Portugal exported services to Chile worth $2.07M, with Services not allocated ($2.07M) being the largest in terms of value.

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Latest Trends

December, 2024

About

Overview In December 2024, Chile exported $1.77M and imported $4.61M from Portugal, resulting in a negative trade balance of $2.84M. Between December 2023 and December 2024 the exports of Chile have increased by $561k (46.3%) from $1.21M to $1.77M, while imports increased by $3.34M (264%) from $1.27M to $4.61M.

Trade In December 2024, the top exports of Chile to Portugal were Non-fillet Frozen Fish ($415k), Processed Crustaceans ($282k), Other Fruits ($207k), Other Nuts ($191k), and Grapes ($175k). In December 2024 the top imports of Chile from Portugal were Other Heating Machinery ($6.12M), Packaged Medicaments ($411k), Valves ($245k), Sports Equipment ($180k), and Antibiotics ($130k).

Origins In December 2024 the exports of Chile were mainly from Vitacura ($181k), La Florida ($154k), Paine ($150k), Temuco ($137k), and Providencia ($111k), while imports destinations were mainly Providencia ($1.56M), Las Condes ($1.28M), Quilicura ($1.05M), Santiago ($415k), and Huechuraba ($61k).

Growth In December 2024, the increase in Chile's year-by-year exports to Portugal was explained primarily by an increase in product exports in Non-fillet Frozen Fish ($389k or 1.49k%), Processed Crustaceans ($62.6k or 28.6%), and Inedible Fats and Oils ($36.6k or 40.8%). In December 2024, the increase in Chile's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Packaged Medicaments ($399k or 3.38k%), Valves ($229k or 1.42k%), and Interchangeable Tool Parts ($58.6k or 175%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$561k(46.3%)
IMPORT GROWTH (December 2023 - December 2024)$3.34M(264%)
MAIN EXPORTER (December 2024)Vitacura$181k

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 Portugal and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Portugal and Chile Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $83.9M to Portugal. The main products exported from Chile to Portugal were Sulfate Chemical Woodpulp ($17.2M), Non-fillet Frozen Fish ($13.7M), and Pure Olive Oil ($7.66M). During the last 5 years the exports of Chile to Portugal have increased at an annualized rate of 5.24%, from $65M in 2018 to $83.9M in 2023.

In 2018, Portugal exported $105M to Chile. The main products exported from Portugal to Chile were Other Heating Machinery ($16.6M), Natural Cork Articles ($11.1M), and Raw Plastic Sheeting ($4.81M). During the last 5 years the exports of Portugal to Chile have decreased at an annualized rate of 10.8%, from $186M in 2023 to $105M in 2018.

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

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

Market Competitiveness

Color
Chile
Top DestinationChina$38.2B
Portugal
Top DestinationSpain$17.7B

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

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

In 2023, countries that imported more from Portugal than Chile included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Chile - Portugal

Flow
Scale

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

During 2023, Chile had a large net trade with Portugal in the exports of Vegetable Products ($24.1M), Animal Products ($19.7M), and Paper Goods ($17.2M).

During 2018, Portugal had a large net trade with Chile in the exports of Machines ($35.1M), Wood Products ($12M), and Metals ($11.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Portugal+$4.37MNon-fillet Frozen Fish
Top Product Potential Portugal Chile+$3.58MPackaged 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Chile and Portugal. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Chile.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms