2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 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 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 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

Russia-Chile Trade: In 2022, Russia exported $65.3M to Chile. The main products that Russia exported to Chile were Nitrogenous Fertilizers ($23.2M), Delivery Trucks ($12.4M), and Kraft Paper ($6.42M). Over the past 5 years the exports of Russia to Chile have decreased at an annualized rate of 6.5%, from $91.3M in 2017 to $65.3M in 2022.

In 2020, Russia exported services to Chile worth $3.26M, with Other business services ($1.4M), Transportation ($862k), and Travel ($516k) being the largest in terms of value.

Chile-Russia Trade: In 2022, Chile exported $461M to Russia. The main products that Chile exported to Russia were Non-fillet Frozen Fish ($249M), Fish Fillets ($40.9M), and Processed Crustaceans ($29.3M). Over the past 5 years the exports of Chile to Russia have decreased at an annualized rate of 10.4%,  from $797M in 2017 to $461M in 2022.

In 2009, Chile exported services to Russia worth $3.69M, with Transportation ($3.69M) being the largest in terms of value.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). 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, Russia exported $65.3M to Chile. The main products exported from Russia to Chile were Nitrogenous Fertilizers ($23.2M), Delivery Trucks ($12.4M), and Kraft Paper ($6.42M). During the last 5 years the exports of Russia to Chile have decreased at an annualized rate of 6.5%, from $91.3M in 2017 to $65.3M in 2022.

In 2017, Chile exported $461M to Russia. The main products exported from Chile to Russia were Non-fillet Frozen Fish ($249M), Fish Fillets ($40.9M), and Processed Crustaceans ($29.3M). During the last 5 years the exports of Chile to Russia have decreased at an annualized rate of 10.4%, from $797M in 2022 to $461M in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Chile
Top Destination
China$38.5B

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

In 2022, countries that imported more from Russia than Chile included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Chile than Russia included Peru ($1.84B), Bolivia ($1.21B), and Mexico ($1.77B).

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

Comparative Advantage Russia - Chile

Flow
Scale

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

During 2022, Russia had a large net trade with Chile in the exports of Chemical Products ($31.5M), Transportation ($14.1M), and Paper Goods ($7.86M).

During 2017, Chile had a large net trade with Russia in the exports of Animal Products ($294M), Foodstuffs ($61.6M), and Vegetable Products ($53.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Chile+$8.29MNitrogenous Fertilizers
Top Product Potential Chile Russia+$10.8MWine

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

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

Product Space of Russia (Flag) and Chile (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with