Brazil and Chile
Trade and logistical integration connect two economies without a shared border. The modernised agreement includes rules beyond tariffs. The bioceanic corridor also involves Paraguay and Argentina, while sector-specific regulatory negotiations seek to facilitate particular exchanges.
Analysis reviewed: 2026-10-07 · Indicators updated: 2026-10-07An agreement that complements ACE 35
The Brazil–Chile free trade agreement was incorporated as an additional protocol to ACE 35 and entered into force on 25 January 2022.
Oil, food and other exchanges
The 2025 SUBREI profile identifies products traded in each direction.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 12,750.39 M USD | 2025 · UN Comtrade |
| Goods: Brazil to Chile | 7,851.24 M USD | 2025 · UN Comtrade |
| Goods: Chile to Brazil | 4,899.15 M USD | 2025 · UN Comtrade |
| Services trade | ||
| Export share: Brazil to Chile | ||
| Export share: Chile to Brazil | ||
| Investment stock: Brazil in Chile | ||
| Investment stock: Chile in Brazil |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2025 · UN Comtrade / 152 · Goods trade; full calendar year and a single reporter (152). Exports normally FOB and imports CIF according to the source; direction adjusted to the order of the profile. No services or mirror reports.
- Goods: Brazil to Chile
- 2025 · UN Comtrade / 152 · Goods trade; full calendar year and a single reporter (152). Exports normally FOB and imports CIF according to the source; direction adjusted to the order of the profile. No services or mirror reports.
- Goods: Chile to Brazil
- 2025 · UN Comtrade / 152 · Goods trade; full calendar year and a single reporter (152). Exports normally FOB and imports CIF according to the source; direction adjusted to the order of the profile. No services or mirror reports.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
| Indicator | Brazil | Chile |
|---|---|---|
| Nominal GDP | 2.28 trillion USD2025 · WB | 357.37 billion USD2025 · World Bank |
| GDP per capita | 10,713.29 USD2025 · WB | 17,994.59 USD2025 · World Bank |
| GDP growth | 2.29 %2025 · WB | 2.46 %2025 · World Bank |
| Policy interest rate | 13.75 %2026-10-07 · Banco Central do Brasil | |
| Inflation · annual average | 5.02 %Annual average · 2025 · WB | 4.21 %Annual average · 2025 · World Bank |
| Inflation · latest year-on-year figure | 4.22 %Headline CPI · 2026-08 · year-on-year · Ministério da Fazenda / IBGE | 4.1 %Year-on-year · 2026-08 · INE Chile |
| Unemployment | 5.97 %ILO est.2025 · WB | 8.97 %ILO est.2025 · World Bank |
| Budget balance (% of GDP) | -8.1 %IMF est.2025 · IMF | -2.8 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 93.3 %IMF est.2025 · IMF | 41.8 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -2.93 %2025 · WB | -1.22 %2025 · World Bank |
| Population | 212,812,4052025 · WB | 19,859,9212025 · World Bank |
| Area | 8,510,420 km²2023 · WB | 757,245 km²2023 · World Bank |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDBrazil: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Chile: 2025 · World Bank · Official World Bank series; observation period, not download date.
- GDP per capita
- Current USD per personBrazil: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Chile: 2025 · World Bank · Official World Bank series; observation period, not download date.
- GDP growth
- Annual real change (%)Brazil: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Chile: 2025 · World Bank · Official World Bank series; observation period, not download date.
- Policy interest rate
- Central bank instrument (%)Brazil: 2026-10-07 · Target for the Selic rate, annual percentage · Banco Central do Brasil · Official monetary-policy target, not the effective daily interbank rate.
- Inflation · annual average
- Average annual change in headline CPI (%)Brazil: 2025 · Annual average change in the CPI (%) · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Chile: 2025 · Annual average change in the CPI (%) · World Bank · Official World Bank series; observation period, not download date.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedBrazil: 2026-08 · Headline IPCA; urban coverage of the SNIPC system · Ministério da Fazenda / IBGE · Official monthly data. Not mixed with the annual average. · Alternative official source; verified 2026-10-07Chile: 2026-08 · Headline CPI; change from the same month of the previous year · INE Chile · Twelve-month headline CPI change; not the 0.6% monthly change or the 3.6% cumulative change in the year.
- Unemployment
- % of the labour force; definition used by the stated institutionBrazil: 2025 · ILO modelled estimate, % of the labour force · World Bank · ILO est. · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Chile: 2025 · ILO modelled estimate, percentage of the labour force · World Bank · ILO est. · Official World Bank series; observation period, not download date.
- Budget balance
- General government (% of GDP)Brazil: 2025 · IMF · IMF est. · IMF WEO estimate, not a monthly observation. Retains the country's fiscal year where it differs from the calendar year.Chile: 2025 · IMF · IMF est. · IMF WEO general-government estimate. Retains the source’s fiscal year when it differs from the calendar year.
- Gross public debt
- General government (% of GDP)Brazil: 2025 · IMF · IMF est. · IMF WEO estimate, not a monthly observation. Retains the country's fiscal year where it differs from the calendar year.Chile: 2025 · IMF · IMF est. · IMF WEO general-government estimate. Retains the source’s fiscal year when it differs from the calendar year.
- Current account balance
- % of GDPBrazil: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Chile: 2025 · World Bank · Official World Bank series; observation period, not download date.
- Population
- PeopleBrazil: 2025 · World Bank · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Chile: 2025 · World Bank · Official World Bank series; observation period, not download date.
- Area
- Total area in km²; territorial coverage of the sourceBrazil: 2023 · World Bank / FAO · Official World Bank series; latest verified period available for this series in the 2023–2025 query.Chile: 2023 · World Bank · Official World Bank series; observation period, not download date.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Brazil to Chile
| Product or sector | Value / share |
|---|---|
| Crude oil | |
| Poultry meat | |
| Beef | |
| Maize |
Chile to Brazil
| Product or sector | Value / share |
|---|---|
| Mining products | |
| Pulp |
Connections between people
Regional connectivity facilitates travel and professional activity; infrastructure or a trade agreement does not by itself provide a count of residents. [3]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Brazil living in Chile | ||
| Residents from Chile living in Brazil | ||
| Study and training: Brazil in Chile | ||
| Study and training: Chile in Brazil | ||
| Academic stays: Brazil in Chile | ||
| Academic stays: Chile in Brazil | ||
| Travel: Brazil to Chile | ||
| Travel: Chile to Brazil |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
An agreement that complements ACE 35
The Brazil–Chile free trade agreement was incorporated as an additional protocol to ACE 35 and entered into force on 25 January 2022. It complements earlier trade liberalisation and incorporates modern disciplines. It should therefore not be described as the beginning of all trade or the removal of a border that the two countries do not share. The new chapters and procedures have specific applications for businesses and administrations. [1]
Oil, food and other exchanges
The 2025 SUBREI profile identifies products traded in each direction. Chilean imports from Brazil include oil, meat and other agro-industrial goods; Chilean exports include mining products and other sectors recorded in the official table. The trade selection is not a list of all national production. Its values cover goods, with exports and imports reported by Chile, and are not used as an estimate of services. [4]
A corridor that crosses other countries
The April 2025 integration agenda addresses the bioceanic corridor through Brazil, Paraguay, Argentina and Chile. Its purpose is to connect productive activity and ports on different oceans, reducing logistical obstacles. It is a regional project, not a road located solely in the two countries. Sections, crossings and operating times require their own verification; a coordination meeting does not establish that the entire route is complete. [2]
Cosmetics and practical barriers
The sectoral agreement announced in June 2025 seeks to facilitate trade in cosmetics. Regulatory conditions can affect exchanges even when tariffs are low: documentation, marketing requirements and administrative procedures matter to each business. The measure has a specific scope and should not be presented as a general elimination of all health regulation or all trade barriers between the countries. [3]
Recent developments
Recent developments and latest available data · Reviewed: 2026-10-07
Economic integration with separately measured results
The 2025 agenda brings together infrastructure and regulatory cooperation, while SUBREI publishes observed annual trade. These three elements help explain what is being negotiated, where products can move and which goods were recorded. The profile maintains this separation in timing and concepts. A change in trade is not automatically attributed to a corridor still under development or an agreement covering only one sector. [2] [3] [4]
What recorded goods show
In 2025, recorded goods trade was 12,750.39 million USD. Shipments from Brazil to Chile were 7,851.24 million USD, and those in the reverse direction were 4,899.15 million USD. A single reporter is used for both directions. The difference between these flows describes the goods balance in that source, not the entire economic balance: services, affiliate activity and investment have separate measures. [5]
Milestones and consequences
Sources and data
Periods and scope of the figures
Each figure retains its period, currency, definition and source. Blank cells are not zero. Policy documents are distinguished from statistical results, and projects under way from announcements.
- Trade agreement with Brazil
SUBREI Chile · Institutional source · Accessed: 2026-10-07
- Bioceanic corridor and regional integration
Brazil's Ministry of Planning · Institutional source · Document: 2025-04-22 · Accessed: 2026-10-07
- Agreement on the cosmetics sector
Brazil's Ministry of Development · Institutional source · Document: 2025-06 · Accessed: 2026-10-07
- Chile–Brazil trade profile 2025
SUBREI Chile · Institutional source · Document: 2026-03 · Accessed: 2026-10-07
- 2025 TOTAL X/M; reporter=152; partner=76; 24 uncapped records
UN Comtrade / 152 · Institutional source · Accessed: 2026-10-07
Additional sources on products and human connections
- SUBREI Chile
2026-10-07 · Accessed: 2026-10-07.