Chile - Netherlands Trade 2024 Q2: Resource-Tech Surplus
Key Market Takeaways: Chile - Netherlands Trade
The bilateral trade relationship between Chile and Netherlands shows strong growth with notable volatility in Q2 2024.
- Chile maintains a $341.81M trade surplus, with exports ($470.78M) outpacing imports ($128.97M) by 3.6x, despite mixed monthly performance.
- Resource-for-Tech Complementarity dominates: Chile exports copper, fruits, and ores (55.51% of exports), while importing Dutch machinery and pharmaceuticals (top HS 84, 90, 85).
- Strategic interdependence is clear: Netherlands secures critical raw materials, while Chile relies on high-value tech imports, reinforcing a stable but asymmetric partnership.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Chile-Netherlands Trade Trend in Q2 2024
Chile Export Performance: Shipments to Netherlands
- Total Volume: $470.78M in Q2 2024.
- Growth Trend & Context:
- Mixed YoY performance: +53.6% in April, +8.34% in May, and +19.52% in June.
- No specific trade news or policy changes to contextualize trends.
- Key Volatility: June saw a sharp MoM drop (-37.16%), following a -10.29% decline in May.
Chile Import Performance: Sourcing from Netherlands
- Total Volume: $128.97M in Q2 2024.
- Growth Trend & Context:
- YoY growth varied: +8.28% in April, -23.16% in May, and +1.32% in June.
- Key Volatility: May recorded the steepest MoM decline (-23.0%), with imports bottoming at $36.85M in June.
Chile - Netherlands Trade Balance & Market Dynamics
- Net Position: Chile holds a trade surplus of $341.81M (Exports: $470.78M vs. Imports: $128.97M).
- Relationship Status: Strong net exporter role, with exports outpacing imports by 3.6x in Q2.
Chile Import Trend from Netherlands 2024 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 52.04M | 0.12% | 8.28% |
| May | 40.08M | -23.0% | -23.16% |
| Jun | 36.85M | -8.06% | 1.32% |
| Total | 128.97M | - | - |
Chile Export Trend to Netherlands 2024 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 191.31M | 33.75% | 53.6% |
| May | 171.62M | -10.29% | 8.34% |
| Jun | 107.84M | -37.16% | 19.52% |
| Total | 470.78M | - | - |
Get Historical Chile Netherlands Trade Records
Chile-Netherlands Top Trading Products in Q2 2024
Chile Export Profile: What Does Chile Sell to Netherlands
- Top Commodity: Rank #1 export is HS Code 74 (Copper and articles thereof) with a 21.58% share.
- Demand Driver: Netherlands likely uses these for industrial processing, given Chile's dominance in copper production.
- Concentration: The top 3 exports (HS 74, 08, 28) account for 55.51% of total exports, indicating moderate concentration.
Chile Import Profile: What Does Chile Buy from Netherlands
- Top Commodity: Rank #1 import is HS Code 84 (Nuclear reactors, boilers, machinery) with a 15.58% share.
- Dependency Nature: Critical technology dependency, as machinery and equipment (HS 84, 90, 85) dominate imports.
Chile - Netherlands Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Chile exports raw materials (copper, fruits, ores) while importing high-tech 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 | 20.09M | 15.58% |
| 20 | 12.15M | 9.42% |
| 30 | 9.79M | 7.59% |
| 73 | 9.67M | 7.50% |
| 90 | 8.28M | 6.42% |
| 04 | 7.78M | 6.03% |
| 85 | 6.43M | 4.98% |
| 48 | 5.14M | 3.99% |
| 21 | 5.12M | 3.97% |
| 49 | 5.02M | 3.90% |
Export Analysis by Product: Chile to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 74 | 101.58M | 21.58% |
| 08 | 95.73M | 20.33% |
| 28 | 64.04M | 13.60% |
| 47 | 48.79M | 10.36% |
| 26 | 45.34M | 9.63% |
| 12 | 27.57M | 5.86% |
| 15 | 21.48M | 4.56% |
| 22 | 16.38M | 3.48% |
| 02 | 7.76M | 1.65% |
| 31 | 6.83M | 1.45% |
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 Q3 2024, driven by sustained demand for copper and other raw materials. However, exporters should brace for continued volatility, particularly in monthly shipment volumes, as June’s sharp decline signals potential demand fluctuations. The Netherlands’ reliance on Chilean commodities and Chile’s need for high-tech imports will reinforce the resource-for-tech exchange, but traders must monitor global copper prices and European industrial activity for early warning signs.
Strategic Moves
- Lock in Long-Term Copper Contracts: Chilean exporters should secure multi-quarter agreements with Dutch buyers to stabilize revenue amid price swings and ensure consistent demand.
- Diversify Import Sources for Critical Tech: Reduce dependency on Dutch machinery by exploring suppliers in Germany or South Korea to mitigate supply chain disruptions.
- Optimize Logistics for Seasonal Exports: Fruit and ore shippers must streamline supply chains ahead of peak seasons to avoid bottlenecks and capitalize on rising European demand.
Frequently Asked Questions
How did Chile - Netherlands trade perform in 2024 Q2?
Chile's exports to the Netherlands totaled $470.78M in Q2 2024, with mixed YoY growth, while imports from the Netherlands reached $128.97M, showing varied YoY performance.
What are the top exports from Chile to Netherlands?
The top exports from Chile to the Netherlands are Copper and articles thereof (HS 74), followed by other key commodities like fruits (HS 08) and ores (HS 28).
What does Chile import from Netherlands?
Chile primarily imports Nuclear reactors, boilers, and machinery (HS 84) from the Netherlands, along with other high-tech equipment and pharmaceuticals.
What is the trade balance between Chile and Netherlands?
Chile holds a trade surplus of $341.81M with the Netherlands in Q2 2024, with exports outpacing imports by 3.6x.
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.
Chile - Netherlands Trade 2024 Q4: Surplus & Tech Exchange
Chile's Netherlands trade trend shows a $315.19M surplus, driven by inorganic chemicals exports and Dutch machinery imports. Explore Chile Netherlands top trading product insights via yTrade data.
