2023
Flag  
GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC
$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195

About

Finland-Chile Trade: In 2023, Finland exported $372M to Chile. The main products that Finland exported to Chile were Other Construction Vehicles ($17.1M), Other Uncoated Paper ($17M), and Large Construction Vehicles ($16.1M). Over the past 5 years the exports of Finland to Chile have increased at an annualized rate of 3.3%, from $316M in 2018 to $372M in 2023.

In 2020, Finland exported services to Chile worth $112M, with Other business services ($73.1M), Computer and information services ($35.4M), and Transportation ($2.28M) being the largest in terms of value.

Chile-Finland Trade: In 2023, Chile exported $62.9M to Finland. The main products that Chile exported to Finland were Wine ($21.4M), Copper Ore ($19.8M), and Zinc Ore ($7.16M). Over the past 5 years the exports of Chile to Finland have decreased at an annualized rate of 26.2%,  from $287M in 2018 to $62.9M in 2023.

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

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $372M to Chile. The main products exported from Finland to Chile were Other Construction Vehicles ($17.1M), Other Uncoated Paper ($17M), and Large Construction Vehicles ($16.1M). During the last 5 years the exports of Finland to Chile have increased at an annualized rate of 3.3%, from $316M in 2018 to $372M in 2023.

In 2018, Chile exported $62.9M to Finland. The main products exported from Chile to Finland were Wine ($21.4M), Copper Ore ($19.8M), and Zinc Ore ($7.16M). During the last 5 years the exports of Chile to Finland have decreased at an annualized rate of 26.2%, from $287M in 2023 to $62.9M in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Chile (Flag)

Finland Exports

Chile Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Chile
Top Destination
China$38.2B

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

In 2023, countries that imported more from Finland than Chile included Germany ($9.26B), Sweden ($8.13B), and Netherlands ($5.51B).

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

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

Comparative Advantage Finland - Chile

Flow
Scale

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

During 2023, Finland had a large net trade with Chile in the exports of Machines ($208M), Paper Goods ($47.9M), and Chemical Products ($35.9M).

During 2018, Chile had a large net trade with Finland in the exports of Mineral Products ($27M), Foodstuffs ($23.3M), and Vegetable Products ($7.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Chile+$5.46MDelivery Trucks
Top Product Potential Chile Finland+$15.9MCopper Ore

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

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

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