Chile - Netherlands Trade 2023 Whole Year: $1.08B Surplus
Key Market Takeaways: Chile - Netherlands Trade
The bilateral trade relationship between Chile and Netherlands is marked by volatility but anchored in a strong Chilean surplus in 2023.
- Economic Pulse: Chile holds a $1.08B trade surplus ($1.62B exports vs. $540.14M imports), with exports triple import volume despite volatile monthly swings.
- Exchange Structure: Bilateral trade data reveals a resource-for-tech complementarity—Chile supplies inorganic chemicals (22.6% of exports) and raw materials, while the Netherlands delivers machinery (14.7% of imports) and high-value manufactured goods.
- Strategic Interdependence: The partnership reflects classic asymmetry: Chile relies on the Netherlands for advanced inputs, while the Dutch depend on Chilean commodities for industrial processing.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Chile-Netherlands Trade Trend in Whole Year 2023
Chile Export Performance: Shipments to Netherlands
- Total Volume: $1.62B in 2023.
- Growth Trend & Context:
- Volatile YoY performance, with sharp declines in March (-22.73%), May (-35.57%), and December (-58.88%), offset by surges in February (+35.83%) and August (+18%).
- No specific trade news to contextualize trends.
- Key Volatility: June saw the steepest MoM drop (-43.04%), while July posted the highest MoM surge (+96.61%).
Chile Import Performance: Sourcing from Netherlands
- Total Volume: $540.14M in 2023.
- Growth Trend & Context:
- Mixed YoY trajectory, with notable contractions in February (-30.08%) and May (-21.07%), but rebounds in October (+40.82%) and August (+25.09%).
- Key Volatility: August recorded the highest MoM jump (+45.55%), while September had the sharpest decline (-34.89%).
Chile - Netherlands Trade Balance & Market Dynamics
- Net Position: Chile holds a trade surplus of $1.08B (Exports $1.62B vs. Imports $540.14M).
- Relationship Status: Chile is a dominant net exporter to the Netherlands, with exports triple the import volume, indicating strong outward trade reliance.
Chile Import Trend from Netherlands 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 46.39M | 16.62% | 19.27% |
| Feb | 45.48M | -1.96% | -30.08% |
| Mar | 54.55M | 19.94% | 4.61% |
| Apr | 48.07M | -11.89% | -8.48% |
| May | 52.16M | 8.51% | -21.07% |
| Jun | 36.37M | -30.28% | -28.42% |
| Jul | 38.43M | 5.67% | 0.0% |
| Aug | 55.93M | 45.55% | 25.09% |
| Sep | 36.42M | -34.89% | -8.05% |
| Oct | 42.07M | 15.51% | 40.82% |
| Nov | 41.88M | -0.46% | -9.6% |
| Dec | 42.40M | 1.25% | 6.58% |
| Total | 540.14M | - | - |
Chile Export Trend to Netherlands 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 168.90M | -29.84% | 17.81% |
| Feb | 224.07M | 32.66% | 35.83% |
| Mar | 128.19M | -42.79% | -22.73% |
| Apr | 124.55M | -2.84% | -10.99% |
| May | 158.42M | 27.19% | -35.57% |
| Jun | 90.23M | -43.04% | -31.37% |
| Jul | 177.41M | 96.61% | 0.0% |
| Aug | 132.76M | -25.17% | 18.0% |
| Sep | 91.83M | -30.83% | 1.62% |
| Oct | 93.01M | 1.29% | -42.17% |
| Nov | 128.72M | 38.39% | -17.94% |
| Dec | 99.00M | -23.09% | -58.88% |
| Total | 1.62B | - | - |
Get Historical Chile Netherlands Trade Records
Chile-Netherlands Top Trading Products in Whole Year 2023
Chile Export Profile: What Does Chile Sell to Netherlands
- Top Commodity: Rank #1 export is HS 28 (Inorganic chemicals) with a 22.60% share.
- Demand Driver: Netherlands uses these for industrial processing, likely in chemical manufacturing or downstream production.
- Concentration: The top 4 exports (HS 28, 26, 08, 74) dominate 75% of total exports, indicating high reliance on raw materials/intermediates.
Chile Import Profile: What Does Chile Buy from Netherlands
- Top Commodity: Rank #1 import is HS 84 (Nuclear reactors, boilers, machinery) with a 14.69% share.
- Dependency Nature: Critical technology dependency, as machinery and equipment (HS 84, 85, 90) account for 25.6% of imports.
Chile - Netherlands Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Chile exports raw materials (chemicals, ores, copper) while importing high-value machinery and pharmaceuticals.
- Value Chain Position: Netherlands holds the higher value-add position, supplying advanced manufactured goods, while Chile provides primary commodities.
Import Analysis by Product: Netherlands to Chile (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 79.35M | 14.69% |
| 04 | 47.66M | 8.82% |
| 30 | 46.47M | 8.60% |
| 20 | 40.12M | 7.43% |
| 49 | 31.81M | 5.89% |
| 85 | 30.67M | 5.68% |
| 90 | 28.28M | 5.23% |
| 48 | 25.66M | 4.75% |
| 23 | 25.24M | 4.67% |
| 87 | 19.09M | 3.53% |
Export Analysis by Product: Chile to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 28 | 365.53M | 22.60% |
| 26 | 283.68M | 17.54% |
| 08 | 281.82M | 17.43% |
| 74 | 281.53M | 17.41% |
| 47 | 72.41M | 4.48% |
| 22 | 65.68M | 4.06% |
| 12 | 55.82M | 3.45% |
| 20 | 28.12M | 1.74% |
| 31 | 26.38M | 1.63% |
| 15 | 25.72M | 1.59% |
Check Detailed Chile-Netherlands Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Chile’s trade surplus with the Netherlands is expected to persist in 2024, driven by sustained demand for inorganic chemicals (HS 28) and copper products (HS 74). However, volatility in monthly export performance signals potential supply chain disruptions or pricing fluctuations, requiring proactive risk management. The Netherlands’ reliance on Chilean raw materials and Chile’s dependence on Dutch high-tech machinery reinforce a stable but asymmetric trade dynamic. Traders should anticipate moderate growth in bilateral trade, with a focus on stabilizing volatile commodity shipments.
Strategic Moves
- Lock in Long-Term Contracts: Chilean exporters of inorganic chemicals and ores should secure multi-year agreements with Dutch buyers to mitigate price swings and ensure steady revenue streams.
- Diversify Export Composition: Reduce reliance on raw materials by promoting value-added products (e.g., processed lithium or refined copper) to capture higher margins and reduce exposure to commodity price shocks.
- Optimize Tech Imports: Chilean importers of Dutch machinery (HS 84) should negotiate bundled service agreements or local partnerships to lower maintenance costs and enhance operational efficiency.
Frequently Asked Questions
How did Chile - Netherlands trade perform in 2023 Whole Year?
Chile exported $1.62B to the Netherlands and imported $540.14M, with volatile monthly growth but an overall trade surplus.
What are the top exports from Chile to Netherlands?
The top exports are Inorganic chemicals (HS 28), ores (HS 26), edible fruit (HS 08), and copper (HS 74), dominating 75% of total exports.
What does Chile import from Netherlands?
The top imports are Nuclear reactors & machinery (HS 84), electrical equipment (HS 85), and optical/medical instruments (HS 90), reflecting a tech-driven dependency.
What is the trade balance between Chile and Netherlands?
Chile holds a $1.08B trade surplus, with exports triple the import volume, reinforcing its net exporter position.
Chile Molybdenum Ores HS261390 Export Data 2025 September Overview
Chile Molybdenum ores (HS Code 261390) Export data shows Belgium pays premium prices while China dominates volume, per yTrade's September 2025 customs analysis.
Chile - Netherlands Trade 2023 Q3: Resource-for-Tech Surplus
Chile's Netherlands trade trend shows a $271.21M surplus, driven by copper exports and tech imports. Explore Chile Netherlands top trading products via yTrade data.
