2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 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
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Chile-Sweden Trade: In 2022, Chile exported $113M to Sweden. The main products that Chile exported to Sweden were Copper Ore ($45.4M), Wine ($21.1M), and Glycosides ($11.2M). Over the past 5 years the exports of Chile to Sweden have increased at an annualized rate of 3.89%, from $93.4M in 2017 to $113M in 2022.

In 2022, Chile did not export any services to Sweden.

Sweden-Chile Trade: In 2022, Sweden exported $501M to Chile. The main products that Sweden exported to Chile were Buses ($47.4M), Excavation Machinery ($39M), and Other Construction Vehicles ($27.9M). Over the past 5 years the exports of Sweden to Chile have increased at an annualized rate of 1.98%,  from $359M in 2017 to $501M in 2022.

In 2020, Sweden exported services to Chile worth $269M, with Personal, cultural, and recreational services ($126M), Transportation ($74.2M), and Other business services ($29.5M) being the largest in terms of value.

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $113M to Sweden. The main products exported from Chile to Sweden were Copper Ore ($45.4M), Wine ($21.1M), and Glycosides ($11.2M). During the last 5 years the exports of Chile to Sweden have increased at an annualized rate of 3.89%, from $93.4M in 2017 to $113M in 2022.

In 2017, Sweden exported $501M to Chile. The main products exported from Sweden to Chile were Buses ($47.4M), Excavation Machinery ($39M), and Other Construction Vehicles ($27.9M). During the last 5 years the exports of Sweden to Chile have increased at an annualized rate of 1.98%, from $359M in 2022 to $501M in 2017.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Chile than Sweden included China ($38.5B), Japan ($7.43B), and South Korea ($6.13B).

In 2022, countries that imported more from Sweden than Chile included Norway ($18.7B), Germany ($19.2B), and Denmark ($14.6B).

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

Comparative Advantage Chile - Sweden

Flow
Scale

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

During 2022, Chile had a large net trade with Sweden in the exports of Mineral Products ($45.4M), Foodstuffs ($22.6M), and Chemical Products ($17.9M).

During 2017, Sweden had a large net trade with Chile in the exports of Machines ($234M), Transportation ($104M), and Metals ($52.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Sweden+$18.5MCopper Ore
Top Product Potential Sweden Chile+$26.4MCars

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

Bilateral Service Trade

In 2020, Sweden exported services to Chile worth $269M, with Personal, cultural, and recreational services ($126M), Transportation ($74.2M), and Other business services ($29.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Chile (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Chile (Flag) and Sweden (Flag) (2022)

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