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2022
Flag → Flag
Exports $1.34BRnk 60 / 221
2022
Flag → Flag
Exports $680MRnk 20 / 185
2022
Flag → Flag
Top Product $248MRefined Copper
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$15,356CURRENT US$
Rnk 62 / 186
2012-2022
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GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Italy-Chile Trade: In 2022, Italy exported $1.34B to Chile. The main products that Italy exported to Chile were N/A. Over the past 5 years the exports of Italy to Chile have increased at an annualized rate of 2.93%, from $1.16B in 2017 to $1.34B in 2022.

In 2020, Italy exported services to Chile worth $110M, with Other business services ($54.7M), Travel ($18.2M), and Computer and information services ($15M) being the largest in terms of value.

Chile-Italy Trade: In 2022, Chile exported $680M to Italy. The main products that Chile exported to Italy were Refined Copper ($248M), Other Nuts ($110M), and Molybdenum Ore ($54.1M). Over the past 5 years the exports of Chile to Italy have decreased at an annualized rate of 6.13%,  from $934M in 2017 to $680M in 2022.

In 2009, Chile exported services to Italy worth $30M, with Transportation ($30M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €99.9M and imported €88.1M from Chile, resulting in a positive trade balance of €11.8M. Between July 2023 and July 2024 the exports of Italy have increased by €18M (22%) from €81.8M to €99.9M, while imports increased by €15.1M (20.8%) from €72.9M to €88.1M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€18M(22%)
IMPORT GROWTH (July 2023 - July 2024)€15.1M(20.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Chile and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.34B to Chile. There were not main exports from Italy to Chile in 2022. During the last 5 years the exports of Italy to Chile have increased at an annualized rate of 2.93%, from $1.16B in 2017 to $1.34B in 2022.

In 2017, Chile exported $680M to Italy. The main products exported from Chile to Italy were Refined Copper ($248M), Other Nuts ($110M), and Molybdenum Ore ($54.1M). During the last 5 years the exports of Chile to Italy have decreased at an annualized rate of 6.13%, from $934M in 2022 to $680M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Chile
Top DestinationChina$38.5B

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

In 2022, countries that imported more from Italy than Chile included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Chile than Italy included China ($38.5B), Peru ($1.84B), and Bolivia ($1.21B).

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

Comparative Advantage Italy - Chile

Flow
Scale

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

During 2022, Italy had a large net trade with Chile in the exports of Machines ($612M), Chemical Products ($123M), and Transportation ($103M).

During 2017, Chile had a large net trade with Italy in the exports of Metals ($250M), Vegetable Products ($183M), and Paper Goods ($65.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Chile+$23.9MCars
Top Product Potential Chile Italy+$81.5MRefined 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 Italy and Chile. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Italy.

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

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