2023
Flag  
GDP
$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH
34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
 GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC 
$13,790CURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP PC GROWTH
22.9%CURRENT US$
Rnk 94 / 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

Mexico-Chile Trade: In 2023, Mexico exported $1.67B to Chile. The main products that Mexico exported to Chile were Video Displays ($148M), Cars ($134M), and Hair Products ($99.4M). Over the past 5 years the exports of Mexico to Chile have decreased at an annualized rate of 6.92%, from $2.4B in 2018 to $1.67B in 2023.

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

Chile-Mexico Trade: In 2023, Chile exported $1.72B to Mexico. The main products that Chile exported to Mexico were Fish Fillets ($186M), Refined Copper ($125M), and Mixed Mineral or Chemical Fertilizers ($123M). Over the past 5 years the exports of Chile to Mexico have increased at an annualized rate of 1.33%,  from $1.35B in 2018 to $1.72B in 2023.

In 2009, Chile exported services to Mexico worth $130M, with Transportation ($68.2M), Travel ($31.8M), and Computer and information services ($17.6M) being the largest in terms of value.

Comparison: In 2023,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). 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, Mexico exported $1.67B to Chile. The main products exported from Mexico to Chile were Video Displays ($148M), Cars ($134M), and Hair Products ($99.4M). During the last 5 years the exports of Mexico to Chile have decreased at an annualized rate of 6.92%, from $2.4B in 2018 to $1.67B in 2023.

In 2018, Chile exported $1.72B to Mexico. The main products exported from Chile to Mexico were Fish Fillets ($186M), Refined Copper ($125M), and Mixed Mineral or Chemical Fertilizers ($123M). During the last 5 years the exports of Chile to Mexico have increased at an annualized rate of 1.33%, from $1.35B in 2023 to $1.72B in 2018.

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

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

Latest Data

Trade between Mexico (Flag) and Chile (Flag)

Mexico Exports

Chile Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$456B
Chile
Top Destination
China$38.2B

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

In 2023, countries that imported more from Mexico than Chile included United States ($456B), Canada ($33B), and Germany ($10.7B).

In 2023, countries that imported more from Chile than Mexico included China ($38.2B), South Korea ($6.02B), and Japan ($7.1B).

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

Comparative Advantage Mexico - Chile

Flow
Scale

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

During 2023, Mexico had a large net trade with Chile in the exports of Machines ($503M), Chemical Products ($377M), and Transportation ($260M).

During 2018, Chile had a large net trade with Mexico in the exports of Animal Products ($339M), Wood Products ($244M), and Foodstuffs ($229M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico Chile+$158MCars
Top Product Potential Chile Mexico+$42MRefined 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 Mexico and Chile. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Mexico.

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

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