Portugal (PRT) and Chile (CHL) Trade | The Observatory of Economic Complexity

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Portugal-Chile In 2022, Portugal exported $124M to Chile. The main products that Portugal exported to Chile are Other Heating Machinery ($14.8M), Natural Cork Articles ($12.8M), and Raw Plastic Sheeting ($6.23M). During the last 27 years the exports of Portugal to Chile have increased at an annualized rate of 3.64%, from $47.4M in 1995 to $124M in 2022.

In 2003, Portugal exported services to Chile worth $2.07M, with Services not allocated ($2.07M) being the largest in terms of value.

Chile-Portugal In 2022, Chile exported $65.2M to Portugal. The main products that Chile exported to Portugal were Sulfate Chemical Woodpulp ($13.4M), Grapes ($7.53M), and Fish Fillets ($7.5M). During the last 27 years the exports of Chile to Portugal have increased at an annualized rate of 2.68%, from $31.9M in 1995 to $65.2M in 2022.

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

Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Latest Trends

February, 2024

About

Overview In February 2024, Portugal exported €7.75M and imported €2.25M from Chile, resulting in a positive trade balance of €5.51M. Between February 2023 and February 2024 the exports of Portugal have increased by €1.37M (21.5%) from €6.38M to €7.75M, while imports increased by €118k (5.56%) from €2.13M to €2.25M.

Trade In February 2024, the top exports of Portugal to Chile were Machinery, mechanical appliances, & parts (€1.53M), Iron or steel articles (€1.33M), Cork & cork articles (€873k), Footwear (€266k), and Knitted clothing accesories (€237k). In February 2024 the top imports of Portugal from Chile were Wood, wood articles, & charcoal (€3.49M), Wood pulp & paper scrap (€1.73M), Fish, crustaceans, & molluscs (€844k), Oils seeds, oleaginous fruits, grains, straw... (€434k), and Edible fruits, nuts & fruit peels (€385k).

Growth In February 2024, the increase in Portugal's year-by-year exports to Chile was explained primarily by an increase in product exports in Iron or steel articles (€398k or 42.9%), Footwear (€229k or 630%), and Knitted clothing accesories (€221k or 1.35k%). In February 2024, the increase in Portugal's year-by-year imports from Chile was explained primarily by an increase in product imports in Wood, wood articles, & charcoal (€3.42M or 5.57k%), Wood pulp & paper scrap (€845k or 95.1%), and Fish, crustaceans, & molluscs (€208k or 32.8%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€1.37M(21.5%)

IMPORT GROWTH (February 2023 - February 2024)€118k(5.56%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $124M to Chile. The main products exported from Portugal to Chile were Other Heating Machinery ($14.8M), Natural Cork Articles ($12.8M), and Raw Plastic Sheeting ($6.23M). During the last 27 years the exports of Portugal to Chile have increased at an annualized rate of 3.64%, from $47.4M in 1995 to $124M in 2022.

In 2022, Chile exported $65.2M to Portugal. The main products exported from Chile to Portugal were Sulfate Chemical Woodpulp ($13.4M), Grapes ($7.53M), and Fish Fillets ($7.5M). During the last 27 years the exports of Chile to Portugal have increased at an annualized rate of 2.68%, from $31.9M in 1995 to $65.2M in 2022.

Exports from Portugal () to Chile () (2022)

Exports from Chile () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Chile
Top DestinationChina$38.5B

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

In 2021, countries that imported more from Portugal than Chile were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Chile than Portugal were China ($38.5B), United States ($13.9B), and Japan ($7.43B).

Difference in imports from Chile () and Portugal () (2022)

Comparative Advantage Portugal - Chile

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Chile in the exports of Machines ($36.8M), Wood Products ($18.2M), and Metals ($13.2M).

During 2022, Chile had a large net trade with Portugal in the exports of Vegetable Products ($23.7M), Animal Products ($16.4M), and Paper Goods ($13.4M).

Service Trade

Bilateral Service Trade

Prt Year

In 2003, Portugal exported services to Chile worth $2.07M, with Services not allocated ($2.07M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal () to Chile () (2003)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Chile. Similarly, the more yellow a dot/product is, the more Chile has comparative advantage over Portugal.

About

Latest Trends

About

Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Chile () (2022)

Exports from Chile () to Portugal () (2022)

Market Competitiveness

Difference in imports from Chile () and Portugal () (2022)

Comparative Advantage Portugal - Chile

Service Trade

Bilateral Service Trade

Services Exports from Portugal () to Chile () (2003)

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Chile () (2022)

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