Singapore (SGP) and Chile (CHL) Trade | The Observatory of Economic Complexity

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Singapore-Chile Trade: In 2023, Singapore exported $199M to Chile. The main products that Singapore exported to Chile were Gas Turbines ($99M), Packaged Medicaments ($11.6M), and Orthopedic Appliances ($11.2M). Over the past 5 years the exports of Singapore to Chile have increased at an annualized rate of 11.4%, from $116M in 2018 to $199M in 2023.

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

Chile-Singapore Trade: In 2023, Chile exported $115M to Singapore. The main products that Chile exported to Singapore were Silver ($25.7M), Refined Copper ($24.5M), and Fish Fillets ($16.4M). Over the past 5 years the exports of Chile to Singapore have increased at an annualized rate of 2.91%, from $91.2M in 2018 to $115M in 2023.

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

Comparison: In 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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, Singapore exported $199M to Chile. The main products exported from Singapore to Chile were Gas Turbines ($99M), Packaged Medicaments ($11.6M), and Orthopedic Appliances ($11.2M). During the last 5 years the exports of Singapore to Chile have increased at an annualized rate of 11.4%, from $116M in 2018 to $199M in 2023.

In 2018, Chile exported $115M to Singapore. The main products exported from Chile to Singapore were Silver ($25.7M), Refined Copper ($24.5M), and Fish Fillets ($16.4M). During the last 5 years the exports of Chile to Singapore have increased at an annualized rate of 2.91%, from $91.2M in 2023 to $115M in 2018.

Exports from Singapore () to Chile () (2023)

Exports from Chile () to Singapore () (2023)

Latest Data

Trade between Singapore () and Chile ()

Singapore Exports

Date

Chile Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Singapore than Chile included Hong Kong ($44.5B), Malaysia ($31.4B), and Indonesia ($18.2B).

In 2023, countries that imported more from Chile than Singapore included Brazil ($4.4B), China ($38.2B), and Peru ($1.45B).

Difference in imports from Chile () and Singapore () (2023)

Comparative Advantage Singapore - Chile

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Chile in the exports of Machines ($119M), Instruments ($20.9M), and Chemical Products ($19.1M).

During 2018, Chile had a large net trade with Singapore in the exports of Metals ($27M), Animal Products ($26.5M), and Precious Metals ($26.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Chile+$7.35MPackaged Medicaments

Top Product Potential Chile Singapore+N/AN/A

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Chile () (2023)

Exports from Chile () to Singapore () (2023)

Latest Data

Trade between Singapore () and Chile ()

Singapore Exports

Chile Exports

Market Competitiveness

Difference in imports from Chile () and Singapore () (2023)

Comparative Advantage Singapore - Chile

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Singapore () and Chile () (2023)

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