Chile-Brazil Bilateral Trade Analysis 2023
Complete trade statistics: $12.53B total volume •Chile deficit: $3.85B
Chile → Brazil
$4.34B
Exports (2023)
Brazil → Chile
$8.19B
Imports (2023)
Trade Balance
$3.85B
Deficit for Chile
Total Trade
$12.53B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Chile and Brazil. Green line shows exports from Chile, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Chile-Brazil commercial relationship and competitive positioning in global markets.
Chile → Brazil Exports
Export Market Intelligence
🎯 Strategic Export Focus
Chile's export portfolio to Brazil demonstrates strong diversification across multiple sectors, with copper: refined, unwrought, cathodes and sections of cathodes representing a key competitive advantage in this bilateral market.
Brazil → Chile Imports
Import Dependency Profile
📦 Import Strategy Analysis
Chile's import pattern from Brazil reveals strategic sourcingin oils: petroleum oils and oils obtained from bituminous minerals, crude, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Chile demonstrates competitive strength in exportingcopper: refined, unwrought, cathodes and sections of cathodes to Brazil, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $12.53B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Chile-Brazil Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $12.53 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Chile maintains a deficit of $3.85 billion
- Export Focus: Chile's primary exports include copper: refined, unwrought, cathodes and sections of cathodes, fish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99, molybdenum ores and concentrates: roasted
- Import Dependencies: Key imports from Brazil include oils: petroleum oils and oils obtained from bituminous minerals, crude, meat: of bovine animals, boneless cuts, fresh or chilled, meat: of swine, n.e.c. in item no. 0203.2, frozen
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $12.53B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Chile leveraging its comparative advantages in copper: refined, unwrought, cathodes and sections of cathodes.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Chile's specialization in copper: refined, unwrought, cathodes and sections of cathodescomplements Brazil's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in oils: petroleum oils and oils obtained from bituminous minerals, crude.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $12.53B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $12.53B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $12.53 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in copper: refined, unwrought, cathodes and sections of cathodes and oils: petroleum oils and oils obtained from bituminous minerals, crude demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Chile's trade deficit of $3.85 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Chile and Brazil represents a total trade volume of $12.53 billion in 2023. This partnership demonstrates an unfavorable trade balance for Chile, with imports exceeding exportsby $3.85 billion.
Export Strengths
Chile's exports to Brazil total $4.34 billion, with competitive advantages in copper: refined, unwrought, cathodes and sections of cathodes, representing $1.62B or37.3% of bilateral exports.
Import Dependencies
Imports from Brazil amount to $8.19 billion, highlighting economic interdependence in oils: petroleum oils and oils obtained from bituminous minerals, crude, with Oils: petroleum oils and oils obtained from bituminous minerals, crude comprising38.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Chile's strategic sourcing from Brazil. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Chile and Brazil in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023