Top Chile Exports 2023 Q3: Mining Dominance

Chile Export Portfolio Overview in 2023 Q3

• Dominated by ores/slag/ash (HS26, 31.01%, $6.91B) and copper/articles (HS74, 21.07%, $4.70B), reflecting Chile's core role as a global mining supplier.
• High concentration risk: Top two sectors account for over 52% of total exports, heavily tied to global commodity demand and pricing cycles.
• This structure confirms Chile's economic identity as a primary resource exporter, with limited industrial diversification beyond raw and semi-processed materials.

Table: Chile Top Export Product in 2023 Q3 (Source: yTrade)

Get Complete Chile Export HS Code Breakdown

Key Driver: Ores, slag and ash

• Driven overwhelmingly by copper ores and concentrates (HS2603, $5.88B, 85.16% of sector).
• Product type: Raw material, exported for further smelting and refining abroad.
• Dominance stems from Chile’s vast copper reserves, low-cost mining operations, and established global supply chains—not labor or tech, but pure resource endowment.

Table: HS Code 26 Detailed Breakdown

Get Complete Chile Export HS Code Breakdown

Key Driver: Copper and articles thereof

• Led by refined copper (HS7403, $4.10B, 87.39% of sector), indicating a shift toward semi-processed goods.
• Acts as a natural complement to raw ore exports, adding value within the same metal supply chain.
• Strategically important: Refining capacity allows Chile to capture more value per ton exported and reduces exposure to pure raw material price swings.

Table: HS Code 74 Detailed Breakdown

Get Complete Chile Export HS Code Breakdown

Key Driver: Inorganic chemicals

• Powered by lithium carbonates (HS2836, $1.26B, 58.71% of sector), critical for battery production.
• Represents an emerging growth pillar, linking Chile’s mining sector to high-demand cleantech and EV markets.
• Role: Stable legacy export with strategic repositioning toward energy transition commodities, leveraging existing extraction expertise.

Table: HS Code 28 Detailed Breakdown

Access Chile Complete Export Profile

Frequently Asked Questions

What is Chile's largest export commodity in 2023 Q3?

The largest export category is Ores, slag and ash (HS 26), valued at $6.91B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone accounted for $5.88B (85.16%) of the total.

Which specific Ores, slag and ash products does Chile export most in 2023 Q3?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $5.88B) and Molybdenum ores and concentrates (HS 2613, $579.04M), which together account for 93.54% of the industry's total exports.

Does Chile export Copper and articles thereof in 2023 Q3?

Yes. Copper and articles thereof (HS 74) is Chile’s second-largest export sector, valued at $4.70B. The primary driver is Refined copper and copper alloys (HS 7403), which contributed $4.10B (87.39%) of the total.

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, $6.91B, 31.01%)
2. Copper and articles thereof (HS 74, $4.70B, 21.07%)
3. Inorganic chemicals (HS 28, $2.14B, 9.60%).

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.