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2023
Flag → Flag
Exports $1.42BRnk 59 / 219
2023
Flag → Flag
Top Product $125MHarvesting Machinery
2023
Flag → Flag
Exports $802MRnk 17 / 183
2023
Flag → Flag
Top Product $282MRefined Copper
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$17,068CURRENT US$
Rnk 68 / 196
2013-2023
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GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

About

Italy-Chile Trade: In 2023, Italy exported $1.42B to Chile. The main products that Italy exported to Chile were Harvesting Machinery ($125M), Washing and Bottling Machines ($49.3M), and Liquid Pumps ($36.4M). Over the past 5 years the exports of Italy to Chile have increased at an annualized rate of 2.01%, from $1.28B in 2018 to $1.42B in 2023.

In 2020, Italy exported services to Chile worth $110M, with Other business services ($54.7M), Travel ($18.2M), and Computer and information services ($15M) being the largest in terms of value.

Chile-Italy Trade: In 2023, Chile exported $802M to Italy. The main products that Chile exported to Italy were Refined Copper ($282M), Other Nuts ($155M), and Halogens ($49.4M). Over the past 5 years the exports of Chile to Italy have decreased at an annualized rate of 1.99%,  from $887M in 2018 to $802M in 2023.

In 2009, Chile exported services to Italy worth $30M, with Transportation ($30M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €64.5M and imported €81.6M from Chile, resulting in a negative trade balance of €17.1M. Between October 2023 and October 2024 the exports of Italy have decreased by €-1.73M (-2.61%) from €66.2M to €64.5M, while imports increased by €20.7M (34.1%) from €60.8M to €81.6M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-1.73M(-2.61%)
IMPORT GROWTH (October 2023 - October 2024)€20.7M(34.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Chile and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $1.42B to Chile. The main products exported from Italy to Chile were Harvesting Machinery ($125M), Washing and Bottling Machines ($49.3M), and Liquid Pumps ($36.4M). During the last 5 years the exports of Italy to Chile have increased at an annualized rate of 2.01%, from $1.28B in 2018 to $1.42B in 2023.

In 2018, Chile exported $802M to Italy. The main products exported from Chile to Italy were Refined Copper ($282M), Other Nuts ($155M), and Halogens ($49.4M). During the last 5 years the exports of Chile to Italy have decreased at an annualized rate of 1.99%, from $887M in 2023 to $802M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Italy than Chile included Germany ($71.4B), France ($61.1B), and United States ($70.9B).

In 2023, countries that imported more from Chile than Italy included China ($38.2B), Bolivia ($1.36B), and Peru ($1.45B).

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

Comparative Advantage Italy - Chile

Flow
Scale

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

During 2023, Italy had a large net trade with Chile in the exports of Machines ($749M), Chemical Products ($162M), and Plastics and Rubbers ($72.5M).

During 2018, Chile had a large net trade with Italy in the exports of Metals ($283M), Vegetable Products ($250M), and Chemical Products ($63.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Chile+$23.9MCars
Top Product Potential Chile Italy+$81.5MRefined 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 Italy and Chile. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Italy.

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

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