Chile - Spain Trade 2025 Q2: Resource-for-Tech Exchange
Key Market Takeaways: Chile - Spain Trade
The bilateral trade relationship between Chile and Spain shows growth with notable volatility in Q2 2025.
- Economic Pulse: Trade volumes reached $1.14B, with Chile posting a slight deficit (-$3.27M). Mixed YoY growth signals shifting demand or supply conditions.
- Exchange Structure: Chile - Spain trade statistics reveal a resource-for-tech complementarity: Chile supplies ores (33% of exports) while importing Spanish machinery (21% of imports).
- Strategic Interdependence: Spain holds the higher value-add position, reflecting Chile’s reliance on advanced industrial inputs.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Chile-Spain Trade Trend in Q2 2025
Chile Export Performance: Shipments to Spain
- Total Volume: $565.93M in Q2 2025.
- Growth Trend & Context:
- YoY growth was mixed, with June surging 59.2% but May rising only 9.59%.
- No specific trade news to explain volatility.
- Key Volatility: May saw a 38.55% MoM spike, followed by a sharp -27.32% drop in June.
Chile Import Performance: Sourcing from Spain
- Total Volume: $569.20M in Q2 2025.
- Growth Trend & Context:
- Strong YoY growth in May (+29.06%) but moderated in June (+12.37%).
- Key Volatility: June imports fell -15.78% MoM after an 8.78% rise in May.
Chile - Spain Trade Balance & Market Dynamics
- Net Position: Chile recorded a slight trade deficit of -$3.27M (Imports > Exports).
- Relationship Status: Near-balanced trade, with Chile’s imports marginally outpacing exports. Volatility in both flows suggests shifting demand or supply conditions.
Chile Import Trend from Spain 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 189.48M | 20.94% | 10.23% |
| May | 206.12M | 8.78% | 29.06% |
| Jun | 173.60M | -15.78% | 12.37% |
| Total | 569.20M | - | - |
Chile Export Trend to Spain 2025 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 166.82M | 25.24% | 20.97% |
| May | 231.12M | 38.55% | 9.59% |
| Jun | 167.99M | -27.32% | 59.2% |
| Total | 565.93M | - | - |
Get Historical Chile Spain Trade Records
Chile-Spain Top Trading Products in Q2 2025
Chile Export Profile: What Does Chile Sell to Spain
- Top Commodity: Rank #1 export is HS Code 26 (Ores, slag, and ash) with a 33.27% share.
- Demand Driver: Spain uses these raw materials for industrial processing, likely in metal production or construction.
- Concentration: The trade is highly concentrated, with ores alone accounting for over a third of exports.
Chile Import Profile: What Does Chile Buy from Spain
- Top Commodity: Rank #1 import is HS Code 85 (Electrical machinery and equipment) with a 20.76% share.
- Dependency Nature: Critical technology dependency, as Spain supplies high-value machinery and electronics.
Chile - Spain Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Chile exports raw materials (ores, copper, seafood) while importing advanced machinery and consumer goods from Spain.
- Value Chain Position: Spain holds the higher value-add position, supplying complex industrial goods, while Chile provides primary commodities.
Import Analysis by Product: Spain to Chile (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 118.17M | 20.76% |
| 84 | 113.11M | 19.87% |
| 87 | 56.93M | 10.00% |
| 33 | 36.82M | 6.47% |
| 23 | 20.23M | 3.55% |
| 30 | 17.07M | 3.00% |
| 39 | 14.75M | 2.59% |
| 40 | 14.07M | 2.47% |
| 73 | 13.75M | 2.42% |
| 20 | 9.25M | 1.63% |
Export Analysis by Product: Chile to Spain (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 26 | 188.29M | 33.27% |
| 74 | 110.34M | 19.50% |
| 03 | 70.15M | 12.40% |
| 08 | 67.51M | 11.93% |
| 16 | 47.33M | 8.36% |
| 28 | 31.16M | 5.51% |
| 47 | 5.42M | 0.96% |
| 02 | 5.19M | 0.92% |
| 23 | 4.64M | 0.82% |
| 07 | 4.39M | 0.78% |
Check Detailed Chile-Spain Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Chile’s trade with Spain is poised for moderate growth in Q3 2025, driven by sustained demand for raw materials (HS Code 26) and Spain’s steady supply of high-value machinery (HS Code 85). However, the volatility in Q2 signals potential supply chain disruptions or shifting demand, requiring traders to monitor price fluctuations closely. The near-balanced trade deficit suggests a stable but competitive dynamic, with Chile needing to diversify exports to reduce reliance on ores. The Chile-Spain trade forecast hinges on Spain’s industrial demand and Chile’s ability to secure stable commodity prices.
Strategic Moves
- Lock in Long-Term Contracts: Chilean exporters of ores and minerals should negotiate fixed-price agreements with Spanish buyers to mitigate volatility and ensure steady revenue streams.
- Diversify Export Basket: Chile must reduce dependence on ores by promoting secondary exports like seafood (HS Code 03) or processed foods (HS Code 16) to Spain, leveraging trade agreements for market access.
- Optimize Tech Imports: Spanish machinery imports (HS Code 85) are critical for Chile’s industrial growth. Importers should consolidate orders to benefit from bulk discounts and streamline customs clearance to avoid delays.
Frequently Asked Questions
How did Chile - Spain trade perform in 2025 Q2?
Chile's exports to Spain totaled $565.93M, while imports reached $569.20M, resulting in a slight trade deficit of -$3.27M. Growth was volatile, with mixed YoY trends and sharp MoM fluctuations.
What are the top exports from Chile to Spain?
The top export from Chile to Spain is HS Code 26 (Ores, slag, and ash), accounting for 33.27% of total exports, reflecting Chile's role as a supplier of raw materials.
What does Chile import from Spain?
Chile's top import from Spain is HS Code 85 (Electrical machinery and equipment), representing 20.76% of imports, highlighting Spain's role as a supplier of advanced technology.
What is the trade balance between Chile and Spain?
Chile recorded a trade deficit of -$3.27M with Spain in Q2 2025, as imports marginally outpaced exports, indicating near-balanced but volatile trade dynamics.
Chile - Spain Trade 2025 Q1: Deficit & Resource Exchange
Chile Spain trade trend reveals a $42.72M deficit with Spain, as Chile exports ores and seafood while importing machinery. Explore insights via yTrade data.
Chile Sulphate Wood Pulp HS4703 Export Data 2025 April Overview
Chile Sulphate Wood Pulp (HS Code 4703) export in April 2025 shows 66.27% volume to China at lower prices, highlighting supply chain risks, with Europe offering diversification potential via yTrade.
