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Pricing

2022
Flag → Flag
Exports $8.4MRnk 39 / 160
2022
Flag → Flag
Top Product $4.23MLiquid Pumps
2022
Flag → Flag
Exports $6.03MRnk 103 / 185
2022
Flag → Flag
Top Product $1.58MWine
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Iceland-Chile Trade: In 2022, Iceland exported $8.4M to Chile. The main products that Iceland exported to Chile were Liquid Pumps ($4.23M), Scales ($642k), and Stearic Acid ($489k). Over the past 5 years the exports of Iceland to Chile have decreased at an annualized rate of 7.33%, from $12.3M in 2017 to $8.4M in 2022.

In 2019, Iceland exported services to Chile worth $1.57M, with Travel ($1.57M) being the largest in terms of value.

Chile-Iceland Trade: In 2022, Chile exported $6.03M to Iceland. The main products that Chile exported to Iceland were Wine ($1.58M), Other Fruits ($878k), and Essential Oils ($816k). Over the past 5 years the exports of Chile to Iceland have decreased at an annualized rate of 3.35%,  from $7.15M in 2017 to $6.03M in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $8.4M to Chile. The main products exported from Iceland to Chile were Liquid Pumps ($4.23M), Scales ($642k), and Stearic Acid ($489k). During the last 5 years the exports of Iceland to Chile have decreased at an annualized rate of 7.33%, from $12.3M in 2017 to $8.4M in 2022.

In 2017, Chile exported $6.03M to Iceland. The main products exported from Chile to Iceland were Wine ($1.58M), Other Fruits ($878k), and Essential Oils ($816k). During the last 5 years the exports of Chile to Iceland have decreased at an annualized rate of 3.35%, from $7.15M in 2022 to $6.03M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Chile (Flag)

Iceland Exports

Chile Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Chile
Top DestinationChina$38.5B

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

In 2022, countries that imported more from Iceland than Chile included Norway ($459M), Poland ($367M), and Denmark ($257M).

In 2022, countries that imported more from Chile than Iceland included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

Comparative Advantage Iceland - Chile

Flow
Scale

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

During 2022, Iceland had a large net trade with Chile in the exports of Machines ($5.84M), Instruments ($1.28M), and Animal and Vegetable Bi-Products ($799k).

During 2017, Chile had a large net trade with Iceland in the exports of Vegetable Products ($2.74M), Foodstuffs ($1.69M), and Chemical Products ($850k).

Economic Complexity

Competitive Landscape

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

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

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