New Zealand (NZL) and Chile (CHL) Trade | The Observatory of Economic Complexity

About

New Zealand-Chile Trade: In 2023, New Zealand exported $134M to Chile. The main products that New Zealand exported to Chile were Other Agricultural Machinery ($24.2M), Cheese ($21.7M), and Tanks and Armored vehicles ($11.6M). Over the past 5 years the exports of New Zealand to Chile have decreased at an annualized rate of 1.65%, from $145M in 2018 to $134M in 2023.

In 2023, New Zealand did not export any services to Chile.

Chile-New Zealand Trade: In 2023, Chile exported $78.9M to New Zealand. The main products that Chile exported to New Zealand were Sulfate Chemical Woodpulp ($32.8M), Frozen Fruits and Nuts ($12.2M), and Plywood ($9.4M). Over the past 5 years the exports of Chile to New Zealand have decreased at an annualized rate of 2.33%, from $88.8M in 2018 to $78.9M in 2023.

In 2023, Chile did not export any services to New Zealand.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $134M to Chile. The main products exported from New Zealand to Chile were Other Agricultural Machinery ($24.2M), Cheese ($21.7M), and Tanks and Armored vehicles ($11.6M). During the last 5 years the exports of New Zealand to Chile have decreased at an annualized rate of 1.65%, from $145M in 2018 to $134M in 2023.

In 2018, Chile exported $78.9M to New Zealand. The main products exported from Chile to New Zealand were Sulfate Chemical Woodpulp ($32.8M), Frozen Fruits and Nuts ($12.2M), and Plywood ($9.4M). During the last 5 years the exports of Chile to New Zealand have decreased at an annualized rate of 2.33%, from $88.8M in 2023 to $78.9M in 2018.

Exports from New Zealand () to Chile () (2023)

Exports from Chile () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Chile ()

New Zealand Exports

Date

Chile Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from New Zealand than Chile included Australia ($5.2B), Indonesia ($1.1B), and Singapore ($794M).

In 2023, countries that imported more from Chile than New Zealand included China ($38.2B), United States ($15.7B), and South Korea ($6.02B).

Difference in imports from Chile () and New Zealand () (2023)

Comparative Advantage New Zealand - Chile

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Chile in the exports of Animal Products ($44.1M), Machines ($44M), and Transportation ($14.2M).

During 2018, Chile had a large net trade with New Zealand in the exports of Paper Goods ($34.8M), Vegetable Products ($16.3M), and Wood Products ($13.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Chile+$1.25MPackaged Medicaments

Top Product Potential Chile New Zealand+$1.37MSawn Wood

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Chile () (2023)

Exports from Chile () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Chile ()

New Zealand Exports

Chile Exports

Market Competitiveness

Difference in imports from Chile () and New Zealand () (2023)

Comparative Advantage New Zealand - Chile

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Chile () (2023)

Keep Exploring