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Trade between Chile and South Korea

In 2024, Chile exported $4.7 billion to South Korea and imported $1.6 billion. Chile ran a surplus of $3.1 billion with South Korea, compared with a surplus of $2.7 billion in 2019. South Korea was Chile’s 6th largest trading partner (3% of its trade), and Chile was South Korea’s 32nd (0.5%).

Summary

Chile → South Korea
$4.7billion
South Korea → Chile
$1.6billion
Chile’s balance
$3.1billion

Balance

Chile’s trade balance with South Korea

Trade between Chile and South Korea grew 4.2-fold since 1995

USD billions (current). Chile’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 4.7
  • Imports 1.6
  • Balance +3.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$970 million$538 million$432 million
1996$1 billion$570 million$458 million
1997$1.1 billion$615 million$464 million
1998$603 million$585 million$18 million
1999$758 million$418 million$340 million
2000$865 million$569 million$297 million
2001$690 million$561 million$130 million
2002$772 million$448 million$324 million
2003$1.1 billion$581 million$500 million
2004$2 billion$814 million$1.1 billion
2005$2.3 billion$1.1 billion$1.2 billion
2006$3.8 billion$1.7 billion$2 billion
2007$4.1 billion$3.1 billion$1 billion
2008$3.8 billion$3.2 billion$683 million
2009$3.2 billion$2.2 billion$1 billion
2010$4.2 billion$3.3 billion$943 million
2011$4.6 billion$2.7 billion$1.9 billion
2012$4.6 billion$2.6 billion$2.1 billion
2013$4.5 billion$2.6 billion$1.9 billion
2014$4.9 billion$2.2 billion$2.7 billion
2015$4.4 billion$1.9 billion$2.4 billion
2016$4.2 billion$1.7 billion$2.6 billion
2017$3.9 billion$1.9 billion$2 billion
2018$4.3 billion$1.8 billion$2.4 billion
2019$4.1 billion$1.4 billion$2.7 billion
2020$3.7 billion$1 billion$2.6 billion
2021$4.8 billion$1.8 billion$2.9 billion
2022$6.6 billion$1.9 billion$4.7 billion
2023$6.9 billion$1.5 billion$5.4 billion
2024$4.7 billion$1.6 billion$3.1 billion

What they sell each other

What Chile sells to South Korea

The top 10 headings in 2024, with their share of the total.

  1. Copper ore$1.4 billion · 28.8%
    339 thousand tonnes · Chile’s destinations
  2. Refined copper$1.1 billion · 23.2%
    119 thousand tonnes · Chile’s destinations
  3. Carbonates$344 million · 7.3%
    22 thousand tonnes
  4. Unrefined copper$322 million · 6.8%
    34 thousand tonnes
  5. Molybdenum ore$252 million · 5.4%
    10 thousand tonnes
  6. Pork$191 million · 4.1%
    40 thousand tonnes · South Korea’s sources
  7. Chemical wood pulp$186 million · 4%
    316 thousand tonnes · Chile’s destinations
  8. Lithium hydroxide and other metal oxides$181 million · 3.9%
    14 thousand tonnes
  9. Iron ore$123 million · 2.6%
    904 thousand tonnes · Chile’s destinations
  10. Sawn wood$82 million · 1.7%
    224 thousand tonnes

What South Korea sells to Chile

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$497 million · 30.6%
    574 thousand tonnes · South Korea’s destinations
  2. Cars$251 million · 15.4%
    18 thousand tonnes · South Korea’s destinations
  3. Trucks$83 million · 5.1%
    8 thousand tonnes · South Korea’s destinations
  4. Sulfuric acid$62 million · 3.8%
    462 thousand tonnes
  5. Batteries$54 million · 3.3%
    18 thousand tonnes · South Korea’s destinations
  6. Polyethylene$40 million · 2.5%
    31 thousand tonnes · South Korea’s destinations
  7. Auto parts$36 million · 2.2%
    4 thousand tonnes · South Korea’s destinations
  8. Bulldozers and excavators$35 million · 2.2%
    7 thousand tonnes · South Korea’s destinations
  9. Hot-rolled flat steel$33 million · 2%
    58 thousand tonnes
  10. Cargo and cruise ships$25 million · 1.5%
    5 thousand tonnes · South Korea’s destinations

How it travels

Estimated sea route from San Antonio to Busan.

The estimated sea route between San Antonio and Busan is 10,529 nautical miles (19,500 km) long: ≈ 24.5–31.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$6.2 billion · 98.3%
  2. Air$108 million · 1.7%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

South Korea was Chile’s 6th largest trading partner (3% of its trade), and Chile was South Korea’s 32nd (0.5%).

South Korea in Chile’s trade
3.4%
South Korea’s rank among Chile’s partners
6th
Chile in South Korea’s trade
0.5%
Chile’s rank among South Korea’s partners
32nd

Compare with

Other partners of Chile

Other partners of South Korea

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.