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Japan-Chile Trade: In 2023, Japan exported $2.44B to Chile. The main products that Japan exported to Chile were Refined Petroleum ($663M), Cars ($600M), and Large Construction Vehicles ($191M). Over the past 5 years the exports of Japan to Chile have increased at an annualized rate of 0.69%, from $2.36B in 2018 to $2.44B in 2023.

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

Chile-Japan Trade: In 2023, Chile exported $7.1B to Japan. The main products that Chile exported to Japan were N/A. Over the past 5 years the exports of Chile to Japan have increased at an annualized rate of 0.56%,  from $6.91B in 2018 to $7.1B in 2023.

In 2009, Chile exported services to Japan worth $342M, with Transportation ($342M) being the largest in terms of value.

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported $2.44B to Chile. The main products exported from Japan to Chile were Refined Petroleum ($663M), Cars ($600M), and Large Construction Vehicles ($191M). During the last 5 years the exports of Japan to Chile have increased at an annualized rate of 21.6%, from $7.1B in 2018 to $2.44B in 2023.

In 2018, Chile exported $7.1B to Japan. There were not main exports from Chile to Japan in 2018. During the last 5 years the exports of Chile to Japan have increased at an annualized rate of 6.21%, from $2.19B in 2023 to $7.1B in 2018.

Market Competitiveness

Color
Japan
Top Destination
United States$143B
Chile
Top Destination
China$38.2B

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

In undefined, countries that imported more from Japan than Chile included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In undefined, countries that imported more from Chile than Japan included Bolivia ($1.36B), Peru ($1.45B), and Anguilla ($114M).

Comparative Advantage Japan - Chile

Flow
Scale

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

During 2023, Japan had a large net trade with Chile in the exports of Transportation ($768M), Mineral Products ($666M), and Machines ($398M).

During 2018, Chile had a large net trade with Japan in the exports of Mineral Products ($4.31B), Animal Products ($1.21B), and Chemical Products ($586M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Chile+$116MCars
Top Product Potential Chile Japan+$45MIron 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 Japan and Chile. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Japan.

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

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