Chile - Netherlands Trade 2023 Q3: Resource-for-Tech Surplus
Key Market Takeaways: Chile - Netherlands Trade
The bilateral trade relationship between Chile and Netherlands shows growth with high volatility in 2023 Q3.
- Economic Pulse: Chile maintains a $271.21M trade surplus, exporting $401.99M (mostly raw materials) while importing $130.78M (primarily tech goods). Volatility in monthly flows signals uneven demand or supply chain adjustments.
- Exchange Structure: Bilateral trade data reveals a resource-for-tech complementarity—Chile supplies copper (27.57% of exports) and ores, while the Netherlands delivers machinery (15.08% of imports) and pharmaceuticals.
- Strategic Interdependence: Highly complementary economies, with the Netherlands holding the higher value-add position in the exchange.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Chile-Netherlands Trade Trend in Q3 2023
Chile Export Performance: Shipments to Netherlands
- Total Volume: $401.99M in Q3 2023.
- Growth Trend & Context:
- YoY growth was mixed, with August (+18.0%) showing strength but September (+1.62%) nearly flat.
- No specific trade news to explain trends.
- Key Volatility: July saw a sharp MoM surge (+96.61%), followed by steep drops in August (-25.17%) and September (-30.83%).
Chile Import Performance: Sourcing from Netherlands
- Total Volume: $130.78M in Q3 2023.
- Growth Trend & Context:
- YoY growth peaked in August (+25.09%) but turned negative in September (-8.05%).
- Key Volatility: August imports spiked 45.55% MoM, then collapsed by -34.89% in September.
Chile - Netherlands Trade Balance & Market Dynamics
- Net Position: Chile holds a trade surplus of $271.21M (Exports $401.99M vs. Imports $130.78M).
- Relationship Status: Strong net exporter role, with exports triple the import volume. Volatility in both directions suggests uneven demand or supply chain adjustments.
Chile Import Trend from Netherlands 2023 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 38.43M | 5.67% | 0.0% |
| Aug | 55.93M | 45.55% | 25.09% |
| Sep | 36.42M | -34.89% | -8.05% |
| Total | 130.78M | - | - |
Chile Export Trend to Netherlands 2023 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 177.41M | 96.61% | 0.0% |
| Aug | 132.76M | -25.17% | 18.0% |
| Sep | 91.83M | -30.83% | 1.62% |
| Total | 401.99M | - | - |
Get Historical Chile Netherlands Trade Records
Chile-Netherlands Top Trading Products in Q3 2023
Chile Export Profile: What Does Chile Sell to Netherlands
- Top Commodity: Rank #1 export is Copper (HS 74), accounting for 27.57% of total exports to the Netherlands.
- Demand Driver: Netherlands imports raw materials like copper, ores (HS 26), and edible fruits (HS 08) for industrial processing and re-export.
- Concentration: The top 3 exports (copper, chemicals, and ores) dominate with 64.24% share, indicating high reliance on raw materials.
Chile Import Profile: What Does Chile Buy from Netherlands
- Top Commodity: Rank #1 import is Machinery (HS 84), making up 15.08% of total imports from the Netherlands.
- Dependency Nature: Imports are skewed toward high-tech machinery (HS 84, 85, 90) and pharmaceuticals (HS 30), reflecting critical technology dependency.
Chile - Netherlands Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Chile exports raw materials (copper, ores) in exchange for Dutch machinery and pharmaceuticals.
- Value Chain Position: Netherlands holds the higher value-add position, supplying advanced goods, while Chile provides upstream commodities.
Import Analysis by Product: Netherlands to Chile (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 19.73M | 15.08% |
| 04 | 13.11M | 10.02% |
| 49 | 9.66M | 7.38% |
| 20 | 7.98M | 6.10% |
| 30 | 7.81M | 5.97% |
| 90 | 7.47M | 5.71% |
| 31 | 6.14M | 4.70% |
| 11 | 5.96M | 4.56% |
| 85 | 5.83M | 4.46% |
| 87 | 5.07M | 3.87% |
Export Analysis by Product: Chile to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 74 | 110.81M | 27.57% |
| 28 | 95.81M | 23.83% |
| 26 | 51.62M | 12.84% |
| 08 | 32.80M | 8.16% |
| 47 | 19.65M | 4.89% |
| 15 | 16.29M | 4.05% |
| 22 | 14.84M | 3.69% |
| 12 | 9.78M | 2.43% |
| 20 | 7.99M | 1.99% |
| 27 | 7.12M | 1.77% |
Check Detailed Chile-Netherlands Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Chile’s trade surplus with the Netherlands is expected to hold steady in Q4 2023, driven by sustained Dutch demand for raw materials like copper and ores. However, volatility in monthly shipments signals potential supply chain disruptions or pricing fluctuations, requiring exporters to monitor market conditions closely. The Netherlands’ reliance on Chilean commodities and Chile’s dependence on Dutch high-tech imports will likely reinforce the current resource-for-tech exchange model, but diversification efforts could mitigate concentration risks. Traders should prepare for uneven growth, with copper exports remaining the linchpin of bilateral trade.
Strategic Moves
- Lock in Long-term Contracts: Chilean copper exporters should negotiate multi-year agreements with Dutch buyers to stabilize revenue amid price volatility, leveraging the Netherlands’ role as a processing hub.
- Diversify Import Sources: Chilean importers of machinery and pharmaceuticals must explore alternative suppliers in the EU or Asia to reduce overreliance on Dutch high-tech goods and improve bargaining power.
- Optimize Logistics for Seasonal Swings: Given the sharp MoM fluctuations in trade volumes, both sides should invest in agile supply chain solutions, such as pre-positioned inventory or flexible shipping contracts, to smooth out delivery bottlenecks.
Frequently Asked Questions
How did Chile - Netherlands trade perform in 2023 Q3?
Chile's exports to the Netherlands totaled $401.99M, with mixed YoY growth, while imports reached $130.78M, showing volatility with a peak in August followed by a September decline.
What are the top exports from Chile to Netherlands?
The top exports are Copper (HS 74), ores (HS 26), and edible fruits (HS 08), accounting for 64.24% of total exports.
What does Chile import from Netherlands?
Chile primarily imports Machinery (HS 84), high-tech equipment (HS 85, 90), and pharmaceuticals (HS 30), reflecting a reliance on advanced Dutch technology.
What is the trade balance between Chile and Netherlands?
Chile holds a trade surplus of $271.21M, with exports triple the import volume, though both sides experienced significant monthly volatility.
Chile - Netherlands Trade 2023 Whole Year: $1.08B Surplus
Chile Netherlands trade trend shows a $1.08B surplus, driven by inorganic chemicals exports. Explore Chile Netherlands top trading product insights via yTrade data.
Chile - Netherlands Trade 2024 Q1: Resilient Commodity Surplus
Chile's Netherlands trade trend shows a $358M surplus, driven by copper exports (25.1%) and pharma imports (16.9%). Explore Chile Netherlands top trading product insights via yTrade data.
