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2022
Flag → Flag
Exports $1.96BRnk 32 / 218
2022
Flag → Flag
Top Product $129MCars
2022
Flag → Flag
Exports $1.42BRnk 11 / 185
2022
Flag → Flag
Top Product $412MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$15,356CURRENT US$
Rnk 62 / 186
2012-2022
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GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Spain-Chile Trade: In 2022, Spain exported $1.96B to Chile. The main products that Spain exported to Chile were Cars ($129M), Insulated Wire ($94.9M), and Delivery Trucks ($76.7M). Over the past 5 years the exports of Spain to Chile have increased at an annualized rate of 4.14%, from $1.6B in 2017 to $1.96B in 2022.

In 2009, Spain exported services to Chile worth $532M, with Services not allocated ($437M) and Transportation ($95.1M) being the largest in terms of value.

Chile-Spain Trade: In 2022, Chile exported $1.42B to Spain. The main products that Chile exported to Spain were Copper Ore ($412M), Refined Copper ($250M), and Raw Copper ($109M). Over the past 5 years the exports of Chile to Spain have decreased at an annualized rate of 4.29%,  from $1.77B in 2017 to $1.42B in 2022.

In 2009, Chile exported services to Spain worth $358M, with Transportation ($180M), Other business services ($86.2M), and Travel ($84.6M) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €150M and imported €247M from Chile, resulting in a negative trade balance of €96.9M. Between August 2023 and August 2024 the exports of Spain have increased by €13.5M (9.87%) from €137M to €150M, while imports increased by €175M (242%) from €72.2M to €247M.

Trade In August 2024, the top exports of Spain to Chile were Perfumes (€8.81M), Delivery Trucks (€8.61M), Insulated Wire (€8.32M), Rubber Tires (€5.96M), and Tractors (€4.49M). In August 2024 the top imports of Spain from Chile were Copper Ore (€47.1M), Refined Copper (€11.8M), Fish Fillets (€4.81M), Processed Crustaceans (€4.46M), and Non-fillet Fresh Fish (€2.9M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€39.2M), Madrid (€21.7M), Murcia (€13M), Navarra (€8.55M), and Sevilla (€6.85M), while imports destinations were mainly Huelva (€159M), Barcelona (€25.1M), Pontevedra (€19.5M), Valencia (€13.1M), and Córdoba (€6.77M).

Growth In August 2024, the increase in Spain's year-by-year exports to Chile was explained primarily by an increase in product exports in Delivery Trucks (€5.13M or 148%), Rubber Tires (€4.67M or 362%), and Perfumes (€3.75M or 74%). In August 2024, the increase in Spain's year-by-year imports  from Chile was explained primarily by an increase in product imports  in Processed Crustaceans (€2.4M or 116%), Tropical Fruits (€1.83M or 191%), and Sawn Wood (€1.31M or 462%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€13.5M(9.87%)
IMPORT GROWTH (August 2023 - August 2024)€175M(242%)
MAIN EXPORTER (August 2024)Barcelona€39.2M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Chile and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Chile and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.96B to Chile. The main products exported from Spain to Chile were Cars ($129M), Insulated Wire ($94.9M), and Delivery Trucks ($76.7M). During the last 5 years the exports of Spain to Chile have increased at an annualized rate of 4.14%, from $1.6B in 2017 to $1.96B in 2022.

In 2017, Chile exported $1.42B to Spain. The main products exported from Chile to Spain were Copper Ore ($412M), Refined Copper ($250M), and Raw Copper ($109M). During the last 5 years the exports of Chile to Spain have decreased at an annualized rate of 4.29%, from $1.77B in 2022 to $1.42B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Chile
Top DestinationChina$38.5B

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

In 2022, countries that imported more from Spain than Chile included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Chile than Spain included China ($38.5B), South Korea ($6.13B), and Bolivia ($1.21B).

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

Comparative Advantage Spain - Chile

Flow
Scale

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

During 2022, Spain had a large net trade with Chile in the exports of Machines ($512M), Chemical Products ($289M), and Transportation ($268M).

During 2017, Chile had a large net trade with Spain in the exports of Mineral Products ($417M), Metals ($379M), and Animal Products ($155M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Chile+$75.6MCars
Top Product Potential Chile Spain+$36.5MRefined Copper

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

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

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