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2023
Flag → Flag
Exports $107MRnk 51 / 183
2023
Flag → Flag
Top Product $46.4MSawn Wood
2023
Flag → Flag
Exports $352MRnk 54 / 182
2023
Flag → Flag
Top Product $188MOther Large Iron Pipes
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 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$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Chile-Saudi Arabia Trade: In 2023, Chile exported $107M to Saudi Arabia. The main products that Chile exported to Saudi Arabia were Sawn Wood ($46.4M), Apples and Pears ($20.4M), and Grapes ($8.19M). Over the past 5 years the exports of Chile to Saudi Arabia have decreased at an annualized rate of 5.98%, from $145M in 2018 to $107M in 2023.

In 2023, Chile did not export any services to Saudi Arabia.

Saudi Arabia-Chile Trade: In 2023, Saudi Arabia exported $352M to Chile. The main products that Saudi Arabia exported to Chile were Other Large Iron Pipes ($188M), Iron Pipes ($158M), and Ethylene Polymers ($1.66M). Over the past 5 years the exports of Saudi Arabia to Chile have increased at an annualized rate of 90.9%,  from $13.9M in 2018 to $352M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Latest Trends

November, 2024

About

Overview In November 2024, Chile exported $7.68M and imported $41.7k from Saudi Arabia, resulting in a positive trade balance of $7.64M. Between November 2023 and November 2024 the exports of Chile have increased by $1.15M (17.6%) from $6.53M to $7.68M, while imports increased by $41.6k (35.1k%) from $119 to $41.7k.

Trade In November 2024, the top exports of Chile to Saudi Arabia were Sawn Wood ($5.96M), Rubber Tires ($1.05M), Pitted Fruits ($263k), Scrap Aluminium ($205k), and Other Processed Vegetables ($155k). In November 2024 the top imports of Chile from Saudi Arabia were .

Origins In November 2024 the exports of Chile were mainly from Arauco ($3.93M), Santiago ($2.41M), Vitacura ($879k), San Bernardo ($142k), and Iquique ($128k), while imports destinations were mainly San Fernando ($41.7k).

Growth In November 2024, the increase in Chile's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Sawn Wood ($5.73M or 2.45k%), Pitted Fruits ($38.3k or 17%), and Scrap Aluminium ($9.83k or 5.04%). In November 2024, the increase in Chile's year-by-year imports  from Saudi Arabia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$1.15M(17.6%)
IMPORT GROWTH (November 2023 - November 2024)$41.6k(35.1k%)
MAIN EXPORTER (November 2024)Arauco$3.93M

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 Saudi Arabia and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $107M to Saudi Arabia. The main products exported from Chile to Saudi Arabia were Sawn Wood ($46.4M), Apples and Pears ($20.4M), and Grapes ($8.19M). During the last 5 years the exports of Chile to Saudi Arabia have decreased at an annualized rate of 5.98%, from $145M in 2018 to $107M in 2023.

In 2018, Saudi Arabia exported $352M to Chile. The main products exported from Saudi Arabia to Chile were Other Large Iron Pipes ($188M), Iron Pipes ($158M), and Ethylene Polymers ($1.66M). During the last 5 years the exports of Saudi Arabia to Chile have increased at an annualized rate of 90.9%, from $13.9M in 2023 to $352M in 2018.

Exports from Chile (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Chile (Flag) (2023)

Market Competitiveness

Color
Chile
Top DestinationChina$38.2B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Chile than Saudi Arabia included South Korea ($6.02B), Mexico ($1.72B), and Peru ($1.45B).

In 2023, countries that imported more from Saudi Arabia than Chile included India ($34.8B), Japan ($34.7B), and China ($64.4B).

Difference in imports from Saudi Arabia (Flag) and Chile (Flag) (2023)

Comparative Advantage Chile - Saudi Arabia

Flow
Scale

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

During 2023, Chile had a large net trade with Saudi Arabia in the exports of Wood Products ($46.4M), Vegetable Products ($38.6M), and Foodstuffs ($8.37M).

During 2018, Saudi Arabia had a large net trade with Chile in the exports of Metals ($346M), Chemical Products ($2.33M), and Plastics and Rubbers ($2.02M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Saudi Arabia+$2.08MGrapes
Top Product Potential Saudi Arabia Chile+$5.07MEthylene Polymers

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

Product Space of Chile (Flag) and Saudi Arabia (Flag) (2023)

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