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2022
Flag → Flag
Exports $573MRnk 61 / 224
2022
Flag → Flag
Top Product $63.6MHard Liquor
2022
Flag → Flag
Exports $806MRnk 19 / 185
2022
Flag → Flag
Top Product $206MWine
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 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

United Kingdom-Chile Trade: In 2022, United Kingdom exported $573M to Chile. The main products that United Kingdom exported to Chile were Hard Liquor ($63.6M), Packaged Medicaments ($45.1M), and Cars ($39.3M). Over the past 5 years the exports of United Kingdom to Chile have decreased at an annualized rate of 5.91%, from $777M in 2017 to $573M in 2022.

In 2019, United Kingdom exported services to Chile worth $12.8M, with Computer and information services ($6.38M), Personal, cultural, and recreational services ($5.15M), and Construction services ($1.23M) being the largest in terms of value.

Chile-United Kingdom Trade: In 2022, Chile exported $806M to United Kingdom. The main products that Chile exported to United Kingdom were Wine ($206M), Carbonates ($114M), and Petroleum Gas ($109M). Over the past 5 years the exports of Chile to United Kingdom have increased at an annualized rate of 5.21%,  from $626M in 2017 to $806M in 2022.

In 2009, Chile exported services to United Kingdom worth $85.5M, with Travel ($46.6M), Transportation ($32.3M), and Other business services ($6.61M) being the largest in terms of value.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported £28M and imported £48.9M from Chile, resulting in a negative trade balance of £20.9M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-15.8M (-36.1%) from £43.8M to £28M, while imports increased by £16M (48.6%) from £32.9M to £48.9M.

Trade In August 2024, the top exports of United Kingdom to Chile were Commodities not elsewhere specified (£53.9M), Hard Liquor (£3.07M), Cars (£2.28M), Stone Processing Machines (£2.25M), and Packaged Medicaments (£1.54M). In August 2024 the top imports of United Kingdom from Chile were Wine (£14.3M), Other Fruits (£11.4M), Tropical Fruits (£4.58M), Pitted Fruits (£3.11M), and Kaolin Coated Paper (£2.63M).

Origins In August 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£9.33M), London Gateway (£9.32M), Southampton (£1.4M), East Midlands Airport (£1.29M), and Middlesbrough (£1.02M), while imports destinations were mainly London Gateway (£23.6M), Port Talbot (£6.83M), Liverpool (£4.28M), Felixstowe (£2.46M), and London Heathrow Airport (£2.06M).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Chile was explained primarily by an decrease in product exports in Packaged Medicaments (£-1.85M or -54.6%), Combustion Engines (£-1.41M or -87.8%), and Vaccines, blood, antisera, toxins and cultures (£-1M or -94.4%). In August 2024, the increase in United Kingdom's year-by-year imports  from Chile was explained primarily by an increase in product imports  in Tropical Fruits (£2.05M or 81.3%), Poultry Meat (£1.57M or 591%), and Kaolin Coated Paper (£1.3M or 97.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-15.8M(-36.1%)
IMPORT GROWTH (August 2023 - August 2024)£16M(48.6%)
MAIN EXPORTER (August 2024)London Heathrow Airport£9.33M

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

To check Chile and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Chile and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $573M to Chile. The main products exported from United Kingdom to Chile were Hard Liquor ($63.6M), Packaged Medicaments ($45.1M), and Cars ($39.3M). During the last 5 years the exports of United Kingdom to Chile have decreased at an annualized rate of 5.91%, from $777M in 2017 to $573M in 2022.

In 2017, Chile exported $806M to United Kingdom. The main products exported from Chile to United Kingdom were Wine ($206M), Carbonates ($114M), and Petroleum Gas ($109M). During the last 5 years the exports of Chile to United Kingdom have increased at an annualized rate of 5.21%, from $626M in 2022 to $806M in 2017.

Exports from United Kingdom (Flag) to Chile (Flag) (2022)

Exports from Chile (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Chile
Top DestinationChina$38.5B

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

In 2022, countries that imported more from United Kingdom than Chile included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Chile than United Kingdom included China ($38.5B), Peru ($1.84B), and Brazil ($4.55B).

Difference in imports from Chile (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Chile

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Chile in the exports of Machines ($141M), Chemical Products ($116M), and Foodstuffs ($99.8M).

During 2017, Chile had a large net trade with United Kingdom in the exports of Foodstuffs ($224M), Vegetable Products ($212M), and Mineral Products ($141M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Chile+$47.7MCars
Top Product Potential Chile United Kingdom+$30MPetroleum Gas

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

Product Space of United Kingdom (Flag) and Chile (Flag) (2022)

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