USA-Chile Bilateral Trade Analysis 2023
Complete trade statistics: $31.81B total volume •USA surplus: $2.46B
USA → Chile
$17.14B
Exports (2023)
Chile → USA
$14.68B
Imports (2023)
Trade Balance
$2.46B
Surplus for USA
Total Trade
$31.81B
Combined Volume
Trade Flow Visualization
Direct trade relationship between USA and Chile. Green line shows exports from USA, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the USA-Chile commercial relationship and competitive positioning in global markets.
USA → Chile Exports
Export Market Intelligence
🎯 Strategic Export Focus
USA's export portfolio to Chile demonstrates strong diversification across multiple sectors, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.
Chile → USA Imports
Import Dependency Profile
📦 Import Strategy Analysis
USA's import pattern from Chile reveals strategic sourcingin copper: refined, unwrought, cathodes and sections of cathodes, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
USA demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Chile, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $31.81B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: USA-Chile Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $31.81 billionrepresenting a significant bilateral economic relationship
- Trade Balance: USA maintains a surplus of $2.46 billion
- Export Focus: USA's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, petroleum gases and other gaseous hydrocarbons: liquefied, propane, vehicles: dumpers, designed for off-highway use, for transport of goods
- Import Dependencies: Key imports from Chile include copper: refined, unwrought, cathodes and sections of cathodes, fish fillets: fresh or chilled, salmon, pacific (oncorhynchus nerka, oncorhynchus gorbuscha, oncorhynchus keta, oncorhynchus tschawytscha, oncorhynchus kisutch, oncorhynchus masou and oncorhynchus rhodurus), atlantic (salmo salar), danube (hucho hucho), fish fillets: frozen, salmon, pacific (oncorhynchus nerka, oncorhynchus gorbuscha, oncorhynchus keta, oncorhynchus tschawytscha, oncorhynchus kisutch, oncorhynchus masou, oncorhynchus rhodurus), atlantic (salmo salar), and danube (hucho hucho)
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 $31.81B 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 USA leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
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
USA's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Chile's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in copper: refined, unwrought, cathodes and sections of cathodes.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $31.81B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $31.81B 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 $31.81 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and copper: refined, unwrought, cathodes and sections of cathodes demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
USA's trade surplus of $2.46 billion strengthens 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 USA and Chile represents a total trade volume of $31.81 billion in 2023. This partnership demonstrates a favorable trade balance for USA, with exports exceeding importsby $2.46 billion.
Export Strengths
USA's exports to Chile total $17.14 billion, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $6.62B or38.6% of bilateral exports.
Import Dependencies
Imports from Chile amount to $14.68 billion, highlighting economic interdependence in copper: refined, unwrought, cathodes and sections of cathodes, with Copper: refined, unwrought, cathodes and sections of cathodes comprising31.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates USA's competitive position in this bilateral relationship. 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 USA and Chile in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023