Top Chile Exports 2023 Q1: Market Insights

Chile Export Portfolio Overview in 2023 Q1

• Ores & copper dominate, accounting for 45.8% of total exports.
• High concentration risk: Top 3 sectors (ores, copper, fruit) represent 59.9% of exports.
• Reflects Chile's role as a global supplier of raw materials and agro-commodities, heavily exposed to commodity price cycles.

Table: Chile Top Export Product in 2023 Q1 (Source: yTrade)

Get Complete Chile Export HS Code Breakdown

Key Driver: Ores, Slag and Ash

• HS 2603 (Copper ores and concentrates) drives 83.1% of the sector.
• Pure raw material export, unprocessed beyond extraction.
• Dominance stems from Chile’s vast copper reserves, low-cost mining infrastructure, and established global buyer networks—primarily feeding smelters in China and Japan.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Copper and Articles Thereof

• HS 7403 (Refined copper and copper alloys) comprises 84.9% of the sector.
• Acts as a downstream complement to raw ore exports, adding value via basic refining.
• Strategically important: It diversifies revenue within the copper value chain, though still exposed to the same price and demand risks as raw ores.

Table: HS Code 74 Detailed Breakdown

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Key Driver: Edible Fruit and Nuts

• HS 0809 (Apricots, cherries, peaches, fresh) leads with 64.6% of the sector.
• Stable legacy export, leveraging Chile’s counter-seasonal advantage in northern hemisphere markets.
• Reinforces Chile’s role as a Southern Hemisphere agro-exporter, though remains secondary to mineral dominance.

Table: HS Code 08 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest export commodity in 2023 Q1?

The largest export category is Ores, slag and ash (HS 26), valued at $6.84B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for $5.68B (83.06%) of the total.

Which specific Ores, slag and ash products does Chile export most in 2023 Q1?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $5.68B) and Zinc ores and concentrates (HS 2613, $758.45M), which together account for 94.14% of the industry's total exports.

Does Chile export Copper and articles thereof in 2023 Q1?

Yes. Copper and articles thereof (HS 74) is Chile's second-largest export sector, valued at $5.08B. The main driver is Refined copper and copper alloys (HS 7403), contributing $4.32B (84.91%) of the total.

What are the main industries driving Chile's economy?

Chile's economy is heavily reliant on mining and agriculture, with the top three export industries being Ores, slag and ash (HS 26, $6.84B), Copper and articles thereof (HS 74, $5.08B), and Edible fruit and nuts (HS 08, $3.44B).

How to find Chile Ores, slag and ash suppliers?

You can access a list of active suppliers and exporters for Ores, slag and ash (HS 26) using the yTrade database, which provides detailed shipment records and company contacts.