Top Chile Exports 2023 Q4: Market Insights
Chile Export Portfolio Overview in 2023 Q4
- Dominated by ores and copper, which together account for 54.8% of total exports.
- High concentration risk: top three sectors represent 62.9% of export value, heavily tied to global commodity cycles.
- Reflects Chile's role as a primary resource exporter, with limited diversification into value-added manufacturing.
Table: Chile Top Export Product in 2023 Q4 (Source: yTrade)
| HS Code | Description | Value | Percent |
|---|---|---|---|
| 26 | Ores, slag and ash | 7.94B | 33.94% |
| 74 | Copper and articles thereof | 4.89B | 20.88% |
| 28 | Inorganic chemicals; organic or inorganic compounds of pr... | 1.90B | 8.10% |
| 03 | Fish and crustaceans, molluscs and other aquatic inverteb... | 1.83B | 7.84% |
| 08 | Edible fruit and nuts; peel of citrus fruit or melons | 1.29B | 5.50% |
| 47 | Pulp of wood or of other fibrous cellulosic material; rec... | 682.77M | 2.92% |
| 44 | Wood and articles of wood; wood charcoal | 531.59M | 2.27% |
| 27 | Mineral fuels, mineral oils and products of their distill... | 424.95M | 1.82% |
| 22 | Beverages, spirit and vinegar | 410.07M | 1.75% |
| 71 | Natural or cultured pearls, precious or semi-precious sto... | 368.04M | 1.57% |
Get Complete Chile Export HS Code Breakdown
Key Driver: Ores, Slag and Ash
- Driven by copper ores and concentrates (HS 2603), representing 87.7% of the sector's value.
- Raw material export, with minimal downstream processing.
- Dominance is structural: Chile holds the world's largest copper reserves, supported by mature mining infrastructure and foreign investment in extraction.
Table: HS Code 26 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 2603 | 6.97B | 87.70% |
| 2601 | 474.23M | 5.97% |
| 2613 | 449.78M | 5.66% |
| 2620 | 23.28M | 0.29% |
| 2608 | 17.26M | 0.22% |
| 2616 | 12.61M | 0.16% |
| 2610 | 94.19K | 0.00% |
| 2618 | 25.11K | 0.00% |
| 2606 | 1.67K | 0.00% |
| 2617 | 800.00 | 0.00% |
Get Complete Chile Export HS Code Breakdown
Key Driver: Copper and Articles Thereof
- Refined copper (HS 7403) accounts for 88.3% of this sector’s exports.
- Acts as a complement to HS 26, representing a mid-value processed good rather than raw ore.
- Strategically important: provides some insulation against pure raw material price volatility, though still exposed to metal markets.
Table: HS Code 74 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 7403 | 4.32B | 88.31% |
| 7402 | 435.73M | 8.91% |
| 7408 | 79.21M | 1.62% |
| 7404 | 45.08M | 0.92% |
| 7407 | 3.39M | 0.07% |
| 7406 | 3.20M | 0.07% |
| 7401 | 2.95M | 0.06% |
| 7413 | 1.42M | 0.03% |
| 7419 | 295.27K | 0.01% |
| 7418 | 66.39K | 0.00% |
Get Complete Chile Export HS Code Breakdown
Key Driver: Inorganic Chemicals
- Lithium carbonates (HS 2836) drive 58.6% of this sector, linked to battery production demand.
- Represents an emerging growth pillar, capitalizing on global energy transition needs.
- Stable legacy elements like elemental phosphorus (HS 2801) and hydrogen peroxide (HS 2847) provide secondary support.
Table: HS Code 28 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 2836 | 1.11B | 58.58% |
| 2801 | 320.87M | 16.91% |
| 2825 | 213.06M | 11.23% |
| 2833 | 116.85M | 6.16% |
| 2834 | 62.98M | 3.32% |
| 2827 | 27.45M | 1.45% |
| 2810 | 18.97M | 1.00% |
| 2841 | 14.29M | 0.75% |
| 2829 | 3.80M | 0.20% |
| 2808 | 2.08M | 0.11% |
Access Chile Complete Export Profile
Frequently Asked Questions
What is Chile's largest export commodity in 2023 Q4?
The largest export category is Ores, slag and ash (HS 26), valued at $7.94B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone accounted for 87.70% of the sector's total value.
Which specific Ores, slag and ash products does Chile export most in 2023 Q4?
Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $6.97B), Iron ores and concentrates (HS 2601, $474.23M), and Molybdenum ores and concentrates (HS 2613, $449.78M), which together account for 99.33% of the sector's exports.
Does Chile export Copper and articles thereof in 2023 Q4?
Yes. Copper and articles thereof (HS 74) is Chile’s second-largest export sector, valued at $4.89B, primarily driven by Refined copper and copper alloys (HS 7403), which contributed 88.31% of the sector’s total value.
What are the main industries driving Chile's economy?
Chile’s economy is heavily reliant on Ores, slag and ash (HS 26, $7.94B), Copper and articles thereof (HS 74, $4.89B), and Inorganic chemicals (HS 28, $1.90B), which together account for 62.92% of total exports in Q4 2023.
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.
Top Chile Exports 2023 Q3: Mining Dominance
Chile top export product in Q3 2023 was dominated by ores and copper, accounting for over 52% of total exports. Discover the top export destinations with yTrade.
Top Chile Exports 2024: Mining Dominance
Chile top export product in 2024 was dominated by ores and copper, accounting for over 55% of total exports. Discover key trends and top export destinations with yTrade.
