Top Chile Exports 2023 Q2: Market Shift

Chile Export Portfolio Overview in 2023 Q2

• Dominated by ores/slag/ash (HS26, 29.5%) and copper/articles (HS74, 21.8%), reflecting Chile's role as a global mining and metals supplier.
• High concentration risk: Top two sectors account for over 51% of total exports, exposing Chile to commodity price volatility.
• This structure reinforces Chile's economic identity as a resource-driven economy, heavily reliant on extractive industries for export earnings.

Table: Chile Top Export Product in 2023 Q2 (Source: yTrade)

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Key Driver: Ores, Slag and Ash

• Driven by copper ores and concentrates (HS2603), representing 84.5% of the sector's value.
• Product Type: Raw material. This is unprocessed mineral output, exported for smelting and refining abroad.
• Chile's dominance stems from massive copper reserves, established mining infrastructure, and competitive extraction costs, not processing or manufacturing advantages.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Copper and Articles Thereof

• Driven by refined copper (HS7403), accounting for 83.6% of this sector’s exports.
• Acts as a downstream complement to raw ore exports (HS2603), adding value through basic refining.
• Strategically important: It captures more value than raw ore exports and supports a segment of domestic industrial activity, though still commodity-exposed.

Table: HS Code 74 Detailed Breakdown

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Key Driver: Inorganic Chemicals

• Led by lithium carbonates (HS2836), comprising 55.7% of the sector.
• Represents an emerging growth pillar, tied to global battery and electric vehicle supply chains.
• Unlike copper, lithium is a higher-value specialty chemical export, though still subject to commodity cycles and demand from green technology markets.

Table: HS Code 28 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest export commodity in 2023 Q2?

The largest export category is Ores, slag and ash (HS 26), valued at $6.85B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for 84.50% of the sector's total value.

Which specific Ores, slag and ash products does Chile export most in 2023 Q2?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $5.79B) and Molybdenum ores and concentrates (HS 2613, $605.85M), which together account for 93.35% of the sector's exports.

Does Chile export Copper and articles thereof in 2023 Q2?

Yes, Copper and articles thereof (HS 74) is Chile's second-largest export sector, valued at $5.05B. The primary driver is Refined copper and copper alloys (HS 7403), which makes up 83.62% of the sector's exports.

What are the main industries driving Chile's economy?

Chile's economy is heavily reliant on mining, with the top three export sectors being:

1. Ores, slag and ash (HS 26, $6.85B)
2. Copper and articles thereof (HS 74, $5.05B)
3. Inorganic chemicals (HS 28, $2.54B).
   Together, these three sectors account for 62.27% of Chile's total exports.

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.