Chile - India Trade 2025 Q2: Surging Resource-Tech Exchange
Key Market Takeaways: Chile - India Trade
The bilateral trade relationship between Chile and India shows growth with high volatility in Q2 2025.
- Economic Pulse: Chile holds a $437.79M trade surplus with India, exporting $799.30M (led by a 141.97% YoY surge in May) against imports of $361.51M.
- Exchange Structure: Chile - India trade statistics reveal a resource-for-tech complementarity—Chile supplies ores (57.74% of exports) while India delivers vehicles and machinery (25.68% of imports).
- Strategic Interdependence: The partnership is highly complementary, with Chile feeding India’s industrial demand and India supporting Chile’s consumer and manufacturing sectors.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Chile-India Trade Trend in Q2 2025
Chile Export Performance: Shipments to India
- Total Volume: $799.30M in Q2 2025.
- Growth Trend & Context:
- May saw a staggering 141.97% YoY surge, but April’s -45.17% YoY drop dragged the quarter’s momentum.
- No specific trade news to explain the volatility.
- Key Volatility: May’s exports spiked 332.24% MoM, while April collapsed -69.18% MoM.
Chile Import Performance: Sourcing from India
- Total Volume: $361.51M in Q2 2025.
- Growth Trend & Context:
- YoY swings were erratic: May’s imports soared 84.16% YoY, but April fell -6.22%.
- Key Volatility: May’s 25.81% MoM rebound followed April’s -26.7% slump.
Chile - India Trade Balance & Market Dynamics
- Net Position: Chile holds a $437.79M trade surplus with India (Exports $799.30M vs. Imports $361.51M).
- Relationship Status: Chile dominates as a net exporter, though import volatility suggests uneven demand for Indian goods.
Chile Import Trend from India 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 106.88M | -26.7% | -6.22% |
| May | 134.46M | 25.81% | 84.16% |
| Jun | 120.17M | -10.62% | 16.62% |
| Total | 361.51M | - | - |
Chile Export Trend to India 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 96.77M | -69.18% | -45.17% |
| May | 418.28M | 332.24% | 141.97% |
| Jun | 284.25M | -32.04% | 21.93% |
| Total | 799.30M | - | - |
Get Historical Chile India Trade Records
Chile-India Top Trading Products in Q2 2025
Chile Export Profile: What Does Chile Sell to India
- Top Commodity: Rank #1 export is HS 26 (Ores, slag, and ash) at 57.74% of total exports to India.
- Demand Driver: India uses these raw materials for industrial processing, likely in steel production or other heavy industries.
- Concentration: Trade is highly concentrated, with HS 26 alone accounting for over half of exports.
Chile Import Profile: What Does Chile Buy from India
- Top Commodity: Rank #1 import is HS 87 (Vehicles and parts) at 25.68% of total imports from India.
- Dependency Nature: Reflects a mix of consumer goods (vehicles) and industrial inputs (parts), suggesting India serves both Chile's consumer market and manufacturing needs.
Chile - India Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Chile exports raw materials (ores) to India, while importing finished goods (vehicles, machinery) and intermediate products.
- Value Chain Position: India holds the higher value-add position, supplying manufactured goods (HS 87, 84, 85) against Chile's resource-heavy exports (HS 26, 71).
Import Analysis by Product: India to Chile (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 92.85M | 25.68% |
| 30 | 68.76M | 19.02% |
| 84 | 44.27M | 12.25% |
| 85 | 27.83M | 7.70% |
| 63 | 15.09M | 4.17% |
| 29 | 12.61M | 3.49% |
| 42 | 9.29M | 2.57% |
| 39 | 7.64M | 2.11% |
| 61 | 5.61M | 1.55% |
| 56 | 5.57M | 1.54% |
Export Analysis by Product: Chile to India (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 26 | 461.48M | 57.74% |
| 71 | 169.10M | 21.16% |
| 08 | 64.56M | 8.08% |
| 28 | 56.69M | 7.09% |
| 47 | 23.69M | 2.96% |
| 72 | 9.45M | 1.18% |
| 76 | 4.90M | 0.61% |
| 12 | 4.12M | 0.52% |
| 11 | 2.01M | 0.25% |
| 29 | 623.71K | 0.08% |
Check Detailed Chile-India Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Chile’s trade surplus with India is likely to persist in Q3 2025, driven by sustained Indian demand for raw materials (HS 26) amid industrial expansion. However, the extreme volatility in monthly shipments—particularly the 141.97% YoY surge in May followed by April’s -45.17% drop—signals potential supply chain disruptions or pricing fluctuations. Traders should anticipate tighter margins in ores and slag exports, while India’s vehicle and machinery imports (HS 87) may rebound as Chilean manufacturing demand stabilizes. The Chile-India trade forecast hinges on locking in stable contracts to mitigate erratic swings.
Strategic Moves
- Secure Long-Term Ore Contracts: Chilean miners must negotiate multi-quarter agreements with Indian steel producers to stabilize revenue streams amid volatile spot prices.
- Diversify Export Markets for India: Indian exporters should reduce reliance on Chilean vehicle imports by targeting other Latin American markets to balance trade dependency.
- Monitor Logistics for HS 26 Shipments: Both nations must audit port efficiencies and shipping routes to prevent delays, given the critical role of ores in bilateral trade.
Frequently Asked Questions
How did Chile - India trade perform in 2025 Q2?
Chile exported $799.30M to India and imported $361.51M, with volatile growth trends including a 141.97% YoY surge in May exports but a -45.17% drop in April.
What are the top exports from Chile to India?
HS 26 (Ores, slag, and ash) dominated Chile’s exports to India, accounting for 57.74% of total shipments, driven by India’s industrial processing needs.
What does Chile import from India?
HS 87 (Vehicles and parts) was Chile’s top import from India, making up 25.68% of total imports, reflecting demand for consumer goods and industrial inputs.
What is the trade balance between Chile and India?
Chile held a $437.79M trade surplus with India in Q2 2025, driven by higher exports of raw materials against imports of manufactured goods.
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