2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
GDP PC 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 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

Mexico-Chile Trade: In 2022, Mexico exported $1.97B to Chile. The main products that Mexico exported to Chile were Cars ($195M), Delivery Trucks ($157M), and Video Displays ($147M). Over the past 5 years the exports of Mexico to Chile have decreased at an annualized rate of 0.7%, from $2.04B in 2017 to $1.97B in 2022.

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

Chile-Mexico Trade: In 2022, Chile exported $1.77B to Mexico. The main products that Chile exported to Mexico were Fish Fillets ($175M), Mixed Mineral or Chemical Fertilizers ($156M), and Sawn Wood ($129M). Over the past 5 years the exports of Chile to Mexico have increased at an annualized rate of 2.35%,  from $1.22B in 2017 to $1.77B in 2022.

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 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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, Mexico exported $1.97B to Chile. The main products exported from Mexico to Chile were Cars ($195M), Delivery Trucks ($157M), and Video Displays ($147M). During the last 5 years the exports of Mexico to Chile have decreased at an annualized rate of 0.7%, from $2.04B in 2017 to $1.97B in 2022.

In 2017, Chile exported $1.77B to Mexico. The main products exported from Chile to Mexico were Fish Fillets ($175M), Mixed Mineral or Chemical Fertilizers ($156M), and Sawn Wood ($129M). During the last 5 years the exports of Chile to Mexico have increased at an annualized rate of 2.35%, from $1.22B in 2022 to $1.77B in 2017.

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

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

Latest Data

Trade between Mexico (Flag) and Chile (Flag)

Mexico Exports

Chile Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Chile
Top Destination
China$38.5B

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 2022, countries that imported more from Mexico than Chile included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

In 2022, countries that imported more from Chile than Mexico included China ($38.5B), Japan ($7.43B), and Bolivia ($1.21B).

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

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 2022, Mexico had a large net trade with Chile in the exports of Machines ($462M), Transportation ($456M), and Chemical Products ($404M).

During 2017, Chile had a large net trade with Mexico in the exports of Animal Products ($378M), Wood Products ($279M), and Chemical Products ($267M).

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) (2022)

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